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View Information Collection (IC) List
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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:
3038-0103
ICR Reference No:
201707-3038-002
Status:
Historical Active
Previous ICR Reference No:
201311-3038-008
Agency/Subagency:
CFTC
Agency Tracking No:
Title:
Ownership and Control Reports, Forms 102/102S, 40/40S, and 71 (Trader and Account Identification 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:
12/07/2017
Retrieve Notice of Action (NOA)
Date Received in OIRA:
07/19/2017
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
12/31/2020
36 Months From Approved
12/31/2017
Responses
225,742
0
225,742
Time Burden (Hours)
189,995
0
136,639
Cost Burden (Dollars)
14,273,667
0
18
Abstract:
The Commodity Futures Trading Commission is adopting new rules and related forms to enhance its identification of futures and swap market participants.
Authorizing Statute(s):
PL:
Pub.L. 111 - 203 124 Stat. 1376 (2010)
Name of Law: Dodd-Frank
US Code:
7 USC 6a, 6c(b), 6g, 6i, 6t,6s, 7b-3
Name of Law: Reporting & Recordkeeping
Citations for New Statutory Requirements:
US Code: 7 USC 6i Name of Law: Reports of deals equal to or in excess of trading limits
US Code: 7 USC 6t Name of Law: Large swap trader reporting
US Code: 7 USC 6s Name of Law: Registration and regulation of swap dealers and major swap participants
US Code: 7 USC 6g Name of Law: Reporting and recordkeeping
PL: Pub.L. 111 - 203 124 Stat. 1376 (2010) Name of Law: Dodd-Frank
US Code: 7 USC 7b-3 Name of Law: Swap execution facilities
US Code: 7 USC 6a Name of Law: Excessive Speculation
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:
82 FR 12944
03/08/2017
30-day Notice:
Federal Register Citation:
Citation Date:
82 FR 33069
07/19/2017
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
Ownership and Control Reports, Forms 102/102S, 40/40S, and 71
CFTC Form 71, CFTC Form 40, CFTC Form 102* (*102A, 102B, 102S)
Identification of Special Accounts, Volume Threshold Accounts, and Consolidated Accounts
,
Identification of Omnibus Accounts and Sub-Accounts
,
Statement of Reporting Trader
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
225,742
225,742
0
0
0
0
Annual Time Burden (Hours)
189,995
136,639
0
53,356
0
0
Annual Cost Burden (Dollars)
14,273,667
18
0
14,273,649
0
0
Burden increases because of Program Change due to Agency Discretion:
Yes
Burden Increase Due to:
Miscellaneous Actions
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
The Commission has updated its calculations based on data in the SIFMA Report on Management & Professional Earnings in the Securities Industry 2013, and on issues raised in comment letters. The Commission also has updated its calculations to reflect a possible data entry error that resulted in the “Cost Burden (Dollars)” requested being too low ($18).
Annual Cost to Federal Government:
$803,945
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.
Yes
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.
Yes
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?
Uncollected
Agency Contact:
Gail Scott 202 418-5139 gscott@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:
07/19/2017
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