Financial Resource Requirements for Derivatives Clearing Organizations

Forms and Documents

Document	Type	Status	Availability
60-day FRN 3038-0066 (12-5-17).pdf	Supplementary Document	Uploaded 2018-02-27	Available
30-day FRN 3038-0066 (2-27-18).pdf	Supplementary Document	Uploaded 2018-02-27	Available
Supporting Statement 3038-0066 2018.doc	Supporting Statement A	Uploaded 2018-02-26	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
194777	Financial Resource Reporting Requirement for Derivatives Clearing Organizations		Modified

ICR Details

OMB Control No: 3038-0066	ICR Reference No: 201802-3038-002
Status: Historical Active	Previous ICR Reference No: 201411-3038-003
Agency/Subagency: CFTC	Agency Tracking No:
Title: Financial Resource Requirements for Derivatives Clearing Organizations
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/05/2018
	Date Received in OIRA: 02/27/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2021	36 Months From Approved	04/30/2018
Responses	68	0	56
Time Burden (Hours)	680	0	560
Cost Burden (Dollars)	0	0	25,760

---

Abstract: This information collection is necessary, and would be used by, the Commission to evaluate a derivative clearing organization’s compliance with the financial resource reporting requirements prescribed in the Commodity Exchange Act and the Commission’s regulations. Respondents are derivatives clearing organizations that registered with the Commission.

---

Authorizing Statute(s): US Code: 7 USC 7a-1 Name of Law: CEA
  

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 57430	12/07/2017
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 8456	02/27/2018
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Financial Resource Reporting Requirement for Derivatives Clearing Organizations

---

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	68	56	0	12	0	0
Annual Time Burden (Hours)	680	560	0	120	0	0
Annual Cost Burden (Dollars)	0	25,760	0	-25,760	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The burden estimate was amended to account for an increase in the number of respondents

---

Annual Cost to Federal Government: $9,542

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

---

Common Form ICR:  No

---

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 02/27/2018

---