Regulations Establishing and Governing the Duties of Swap Dealers and Major Swap Participants

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
(2025)-30-Day FR Notice-3038-0084.pdf	Supplementary Document	Uploaded 2025-05-08	Available
(2025)-30-Day FR Notice-3038-0084.pdf	Supplementary Document	Uploaded 2025-05-08	Repair queued
(2025) 60-Day FR 3038-0084.pdf	Supplementary Document	Uploaded 2025-05-07	Available
(2025) 60-Day FR 3038-0084.pdf	Supplementary Document	Uploaded 2025-05-07	Repair queued
(2025) Supporting Statement - 3038-0084 5.08.25. final .docx	Supporting Statement A	Uploaded 2025-05-07	Available
(2025) Supporting Statement - 3038-0084 5.08.25. final .docx	Supporting Statement A	Uploaded 2025-05-07	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
195311	Regulation Establishing and Governing the Duties of Swap Dealers and Major Swap Dealers		Modified

ICR Details

OMB Control No: 3038-0084	ICR Reference No: 202505-3038-001
Status: Active	Previous ICR Reference No: 202203-3038-001
Agency/Subagency: CFTC	Agency Tracking No:
Title: Regulations Establishing and Governing the Duties of Swap Dealers and Major Swap Participants
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/10/2025
Retrieve Notice of Action (NOA)	Date Received in OIRA: 05/08/2025
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2028	36 Months From Approved	07/31/2025
Responses	2,120	0	2,033
Time Burden (Hours)	121,847	0	122,890
Cost Burden (Dollars)	12,184,700	0	12,289,000

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Abstract: On April 3, 2012 the Commission adopted Commission regulations 23.600 (Risk Management Program), 23.601 (Monitoring of Position Limits), 23.602 (Diligent Supervision), 23.603 (Business Continuity and Disaster Recovery) 23.606 (General Information: Availability for Disclosure and Inspection), and 23.607 (Antitrust Considerations) pursuant to section 4s(j) of the Commodity Exchange Act (“CEA”). The above regulations adopted by the Commission would, among other things, require swap dealers (“SD”) and major swap participants (“MSP”) to develop a risk management program (including a plan for business continuity and disaster recovery and policies and procedures designed to ensure compliance with applicable position limits). The Commission believes that the information collection obligations imposed by the above regulations are essential to ensuring that swap dealers and major swap participants maintain adequate and effective risk management programs and policies and procedures to ensure compliance with position limits.

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Authorizing Statute(s): US Code: 7 USC 6s(f), 6s(g), 6s(j) Name of Law: CEA
   PL: Pub.L. 111 - 203 124 Stat. 1376 (2010) Name of Law: Dodd-Frank Act
  

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:
	90 FR 9075	02/06/2025
30-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 19470	05/08/2025
Did the Agency receive public comments on this ICR? No

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

table that charts list of burden

IC Title	Form No.	Form Name
Regulation Establishing and Governing the Duties of Swap Dealers and Major Swap Dealers

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ICR Summary of Burden

table that charts list 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	2,120	2,033	0	0	87	0
Annual Time Burden (Hours)	121,847	122,890	0	0	-1,043	0
Annual Cost Burden (Dollars)	12,184,700	12,289,000	0	0	-104,300	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: No

Burden Reduction Due to:

Short Statement: In light of the current number of Commission-registered SDs, the total number of respondents has decreased from 107 to 106, which reduces the total burden by 1043 hours and results in a decrease of $104,300 in total respondent costs since the last renewal. There are currently no Commission registered MSPs. The changes mostly occur in the estimated burden and cost per respondent. The estimated burden increased from 1,148.5 hours to 1,149.5 hours per respondent, and the cost increased from $114,850 to $114,950 per respondent. These increases reflect the separation of the “filing of emergency contact information” and “documenting business continuity testing and audit” requirements. In the prior renewal, estimated burden and cost calculations were combined for these two requirements and treated as one requirement. Since the filing of emergency contact information is a reporting requirement and the documentation of business continuity testing and audit is a recordkeeping requirement, separating these requirements provides a more accurate burden calculation for these two requirements.

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Annual Cost to Federal Government:

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? No

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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: 05/08/2025

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