Part 40, Provisions Common to Registered Entities

ICR 202102-3038-001

OMB: 3038-0093

Federal Form Document

Forms and Documents
IC Document Collections
IC ID
Document
Title
Status
245354
New
201522
Unchanged
ICR Details
3038-0093 202102-3038-001
Active 202012-3038-005
CFTC
Part 40, Provisions Common to Registered Entities
Revision of a currently approved collection   No
Regular
Approved without change 02/24/2021
Retrieve Notice of Action (NOA) 02/24/2021
  Inventory as of this Action Requested Previously Approved
02/29/2024 36 Months From Approved 01/31/2024
7,040 0 7,034
14,966 0 14,816
0 0 0

The requested information is essential to the staff's review of submissions and the Commission's oversight of the self-regulatory actions of designated contract markets, swap execution facilities, derivatives clearing organizations, and swap data repositories. The Electronic Trading Risk Principles Final Rule updates and modernizes Commission requirements in response to the evolution from pit trading to electronic trading. The risk principles adopted in the Final Rule are focused on electronic trading and order routing by DCMs and market participants. The risk principles are intended to mitigate the risk of market disruption and promote market integrity in connection with the trading on DCMs. Final Commission regulation 38.251(e) requires DCMs to adopt and implement rules governing market participants subject to their jurisdiction to prevent, detect, and mitigate market disruptions or system anomalies associated with electronic trading. DCMs are required to submit any rules addressing market disruptions or system anomalies associated with electronic trading to the Commission for adoption pursuant to §40.5 or §40.6. The obligations created by the final rules are essential to promote market integrity and reduce instances of market disruptions. Also, the collections of information set forth in the Position Limits final rule are necessary to capture the new non-enumerated bona fide hedge process in the exchanges’ rulebooks, which are subject to Commission approval.

US Code: 7 USC 7a-2 Name of Law: Procedures for Registered Entities, etc.
  
None

3038-AD99 Final or interim final rulemaking 86 FR 3236 01/14/2021

No

2
IC Title Form No. Form Name
Part 40, Provisions Common To Registered Entities
Part 150 Position Limits

  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 7,040 7,034 0 6 0 0
Annual Time Burden (Hours) 14,966 14,816 0 150 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
No
Changes are due to amendments to collections of information due to adoption of the Position Limits Final Rule.

$0
No
    No
    No
No
Yes
No
No
Gail Scott 202 418-5139 [email protected]

  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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
01/14/2021


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