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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
3038-0023
ICR Reference No:
200707-3038-001
Status:
Historical Active
Previous ICR Reference No:
200406-3038-002
Agency/Subagency:
CFTC
Agency Tracking No:
Title:
Registration Under the Commodity Exchange Act
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved with change
Conclusion Date:
12/13/2007
Retrieve Notice of Action (NOA)
Date Received in OIRA:
08/30/2007
Terms of Clearance:
The Agency has been notified that per 5 CFR 1320.8(b)(3) each form must contain a notice that informs the public of an estimate of the average burden of the collection, together with a request that the public direct to the agency any comments concerning the accuracy of this burden estimate and any suggestions for reducing the burden, and the fact that an agency may not conduct or sponsor; and a person is not required to respond to a collection of information unless it displays a valid OMB control number.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
12/31/2010
36 Months From Approved
12/31/2007
Responses
73,646
0
81,465
Time Burden (Hours)
6,628
0
7,405
Cost Burden (Dollars)
0
0
0
Abstract:
This collection covers the paperwork requirements associated with the process of registration by futures industry intermediaries, including futures commission merchants, introducing brokers, commodity pool operators, commodity trading advisors, associated persons of each of the foregoing and floor brokers as well as floor traders. The Commission has authorized National Futures Association an industry self-regulatory organization and the only registered futures association, to perform the registration processing functions.
Authorizing Statute(s):
None
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:
72 FR 28960
05/23/2007
30-day Notice:
Federal Register Citation:
Citation Date:
72 FR 41500
07/24/2007
Did the Agency receive public comments on this ICR?
Yes
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
Registration Under the Commodity Exchange Act
NOTICE7-R, 8-R, 8-T, 7-W, 8-W, 3-R, 7-R
Notice Form 7-R
,
Firm Application
,
Individual Application
,
Individual Withdrawal
,
Firm Withdrawal
,
Withdrawal of Agricultural Trade Merchant
,
Supplemental Statement to Application for Request of ATM
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
73,646
81,465
0
0
-7,819
0
Annual Time Burden (Hours)
6,628
7,405
0
0
-777
0
Annual Cost Burden (Dollars)
0
0
0
0
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:
No
Burden Reduction Due to:
Short Statement:
Burden hours are reduced by 777 hours due to a decrease in the number of persons applying for and maintaining registration.
Annual Cost to Federal Government:
$200,000
Does this IC contain surveys, censuses, or employ statistical methods?
No
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
Yes
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
Uncollected
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
Uncollected
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
Uncollected
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
John Nowlin 202-418-5427
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:
08/30/2007
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