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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:
3038-0033
ICR Reference No:
202110-3038-001
Status:
Active
Previous ICR Reference No:
201808-3038-004
Agency/Subagency:
CFTC
Agency Tracking No:
Title:
Notification of Pending Legal Proceedings
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:
01/20/2022
Retrieve Notice of Action (NOA)
Date Received in OIRA:
10/29/2021
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
01/31/2025
36 Months From Approved
01/31/2022
Responses
97
0
79
Time Burden (Hours)
24
0
16
Cost Burden (Dollars)
0
0
0
Abstract:
The Commodity Futures Trading Commission has been entrusted by Congress with the administration and the enforcement of the Commodity Exchange Act (“Act”). Legal proceedings instituted by private parties or other governmental authorities may affect the Commission’s efforts in this regard. The interpretation of the responsibilities imposed by the Act on contract markets and their officials and on futures commission merchants (“FCMs”) and their principals is of primary importance to the Commission in its efforts to establish and administer a uniform regulatory scheme in this area.
Authorizing Statute(s):
US Code:
7 USC 8
Name of Law: Contract Markets; Registration; Proceedings
US Code:
7 USC 9
Name of Law: Contract Markets; Registration; Proceedings
US Code:
7 USC 2
Name of Law: Contract Markets; Registration; Proceedings
US Code:
7 USC 10a
Name of Law: Contract Markets; Registration; Proceedings
US Code:
7 USC 12, 12a, 12c
Name of Law: Contract Markets; Registration; Proceedings
US Code:
7 USC 13a, 13a-1
Name of Law: Contract Markets; Registration; Proceedings
US Code:
7 USC 16, 16a
Name of Law: Contract Markets; Registration; Proceedings
US Code:
7 USC 19
Name of Law: Contract Markets; Registration; Proceedings
US Code:
7 USC 21
Name of Law: Contract Markets; Registration; Proceedings
US Code:
7 USC 23
Name of Law: Contract Markets; Registration; Proceedings
US Code:
7 USC 24
Name of Law: Contract Markets; Registration; Proceedings
US Code:
7 USC 5
Name of Law: Contract Markets; Registration; Proceedings
US Code:
7 USC 1a
Name of Law: Contract Markets; Registration; Proceedings
US Code:
7 USC 6
Name of Law: Contract Markets; Registration; Proceedings
US Code:
7 USC 6a-6s
Name of Law: Contract Markets; Registration; Proceedings
US Code:
7 USC 7a-1, 7a-2, 7b, 7b-3
Name of Law: Contract Markets; Registration; Proceedings
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:
86 FR 47087
08/23/2021
30-day Notice:
Federal Register Citation:
Citation Date:
86 FR 59698
10/28/2021
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
Notification of Pending Legal Proceedings
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
97
79
0
18
0
0
Annual Time Burden (Hours)
24
16
0
8
0
0
Annual Cost Burden (Dollars)
0
0
0
0
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 current number of registrants, 97, has increased from the previous 79 in 2018, due to an increase in registration and due to the inclusion of SEFs. Additionally, the response time has been adjusted from .2 to .25. Accordingly, the total annual burden on respondents has also been increased, from 15.8 hrs. (79 x 0.20 = 15.8) in 2018 to 24.25 hrs. (97 x .25 = 24.25), rounded to 24 hrs. in 2021.
Annual Cost to Federal Government:
$100
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]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
No
Agency Contact:
Thuy Dinh 202 418-5128 tdinh@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:
10/29/2021
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