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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:
3038-0009
ICR Reference No:
201507-3038-005
Status:
Historical Active
Previous ICR Reference No:
201202-3038-011
Agency/Subagency:
CFTC
Agency Tracking No:
Title:
Large Trader Reports
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:
08/19/2016
Retrieve Notice of Action (NOA)
Date Received in OIRA:
07/16/2015
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
08/31/2019
36 Months From Approved
08/31/2016
Responses
69,609
0
76,950
Time Burden (Hours)
18,348
0
22,792
Cost Burden (Dollars)
0
0
0
Abstract:
The reporting rules covered by OMB control number 3038-0009 are contained in certain regulations in Parts 16, 17, 19, and 21 of the Commodity Futures Trading Commission's (CFTC or Commission) regulations. Together, the reporting rules are structured to ensure that the Commission receives adequate information to carry out its market and financial surveillance programs. The market surveillance programs analyze market information to detect and prevent market disruptions and enforce speculative position limits. The financial surveillance programs combine market information with financial data to assess the financial risks presented by large customer positions to Commission registrants and clearing organizations.
Authorizing Statute(s):
US Code:
7 USC 1 et seq
Name of Law: Exempt Markets
US Code:
7 USC 6a, 6c, 6g, 6i
Name of Law: Exempt Markets
US Code:
7 USC 5(b)
Name of Law: Exempt Markets
US Code:
7 USC 12a(5)
Name of Law: Exempt Markets
US Code:
7 USC 1a(11)
Name of Law: Exempt Markets
US Code:
7 USC 1a(10)
Name of Law: Exempt Markets
US Code:
7 USC 1a(14)
Name of Law: Exempt Markets
US Code:
7 USC 2(h)(7)
Name of Law: Exempt Markets
Citations for New Statutory Requirements:
US Code: 7 USC 6a, 6c, 6g, 6i, Name of Law: Exempt Markets
US Code: 7 USC 1 et seq Name of Law: Exempt Markets
US Code: 7 USC 2(h)(7) Name of Law: Exempt Markets
US Code: 7 USC 12a(5) Name of Law: Exempt Markets
US Code: 7 USC 1a(11) Name of Law: Exempt Markets
US Code: 7 USC 1a(10) Name of Law: Exempt Markets
US Code: 7 USC 1a(12) Name of Law: Exempt Markets
US Code: 7 USC 5(b) Name of Law: Exempt Markets
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:
80 FR 25280
05/04/2015
30-day Notice:
Federal Register Citation:
Citation Date:
80 FR 42091
07/16/2015
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
Large Trader Reports
40, 102, 204, 304
Identification of Special Accounts
,
Statement of Reporting Trader
,
Statement of Cash Positions in Grains, Soybeans, Soybean Oil, and Soybean Meal
,
Statement of Cash Positions in Cotton
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
69,609
76,950
0
-7,341
0
0
Annual Time Burden (Hours)
18,348
22,792
0
-4,444
0
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:
Yes
Burden Reduction Due to:
Miscellaneous Actions
Short Statement:
The burden was reduced because some of the recordkeeping and reporting burden was assumed by another collection. See 78 FR 69178,69200 (Nov. 18, 2013).
Annual Cost to Federal Government:
$2,062,500
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?
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]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
John Nowlin 202 418-5427 jnowlin@CFTC.gov
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:
07/16/2015
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