Information Management Requirements for Derivatives Clearing Organization

Forms and Documents

Document	Type	Status	Availability
3038-0069 30-day FR notice 2018-20949.pdf	Supplementary Document	Uploaded 2018-09-26	Available
Supporting Statement Information Management (Final) 3038-0069 2018 extension. 9-26-18.docx	Supporting Statement A	Uploaded 2018-09-26	Available
2018-15800.pd.pdf	Supplementary Document	Uploaded 2018-09-20	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
195717	Information Management Requirements for Derivatives Clearing Organizations.		Modified

ICR Details

OMB Control No: 3038-0069	ICR Reference No: 201809-3038-002
Status: Historical Active	Previous ICR Reference No: 201502-3038-001
Agency/Subagency: CFTC	Agency Tracking No:
Title: Information Management Requirements for Derivatives Clearing Organization
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: 12/21/2018
	Date Received in OIRA: 09/26/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2020	36 Months From Approved	12/31/2018
Responses	4,096	0	3,584
Time Burden (Hours)	44,054	0	6,794,060
Cost Burden (Dollars)	0	0	6,806,660

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Abstract: Part 39 of the Commission’s regulations establishes information management requirements for registered DCOs. The Commission will use the information in this collection to assess compliance of DCOs with requirements for DCOs prescribed in the Commodity Exchange Act and Commission regulations.

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

Citations for New Statutory Requirements: None

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

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 34986	07/24/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 48603	09/26/2018
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
Information Management Requirements for Derivatives Clearing Organizations.

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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	4,096	3,584	0	512	0	0
Annual Time Burden (Hours)	44,054	6,794,060	0	-6,750,006	0	0
Annual Cost Burden (Dollars)	0	6,806,660	0	-6,806,660	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to: Miscellaneous Actions

Short Statement: This submission includes adjustments to the number of respondents and to costs to reflect current data, and to make calculation adjustments to the previous submission.

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Annual Cost to Federal Government: $127,680

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.     Yes

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

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Common Form ICR:  No

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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: 09/26/2018

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