Regulations Governing Bankruptcies of Commodity Brokers

ICR 202107-3038-002

OMB: 3038-0021

Federal Form Document

Forms and Documents
Supporting Statement A
IC Document Collections
ICR Details
3038-0021 202107-3038-002
Received in OIRA 202103-3038-006
Regulations Governing Bankruptcies of Commodity Brokers
Revision of a currently approved collection   No
Regular 07/14/2021
  Requested Previously Approved
36 Months From Approved 11/30/2021
762,000 286,684
18,212 6,606
0 0

This collection of information involves recordkeeping and notice requirements in the Commodity Futures Trading Commission's ("CFTC's") bankruptcy rules for commodity broker liquidations, 17 CFR Part 190 ("Part 190"). These rules apply to liquidations under Chapter 7, Subchapter IV of the Bankruptcy Code, 11 U.S.C. §§ 761 et seq. The CFTC promulgated Part 190 pursuant to the authority of 7 U.S.C. § 24. The information collection requirements of Part 190 are intended to facilitate the effective, efficient, and fair conduct of liquidation proceedings for commodity brokers and to protect the interests of customers in these proceedings both directly and by facilitating the participation of the CFTC in such proceedings.

US Code: 7 USC 12a Name of Law: Rules and Regulations
   US Code: 7 USC 24 Name of Law: Customer Property with Respect to Commodity Broker Debtors; Definitions

3038-AE67 Final or interim final rulemaking 86 FR 19324 04/13/2021


IC Title Form No. Form Name
Requirements Applicable to Multiple Respondents
Requirements Applicable to Single Respondents

  Total Request 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 762,000 286,684 0 475,316 0 0
Annual Time Burden (Hours) 18,212 6,606 0 11,606 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Miscellaneous Actions
Changes based on comprehensive reconsideration and revision of Part 190.

Gail Scott 202 418-5139 [email protected]


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.

© 2021 | Privacy Policy