View Information Collection Request (ICR) Package

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View ICR - OIRA Conclusion

OMB Control No: 3038-0070	ICR Reference No: 201309-3038-002
Status: Historical Active	Previous ICR Reference No: 201306-3038-005
Agency/Subagency: CFTC	Agency Tracking No:
Title: Real-Time Public Reporting and Block Trade
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: 08/01/2014
Retrieve Notice of Action (NOA)	Date Received in OIRA: 09/03/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2017	36 Months From Approved	04/30/2015
Responses	2,701,444	0	1,198
Time Burden (Hours)	734,472	0	677,140
Cost Burden (Dollars)	401,531,939	0	150,017,825

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion
Annual Number of Responses	2,701,444	1,198	247,500	2,452,746
Annual Time Burden (Hours)	734,472	677,140	5,255	52,077
Annual Cost Burden (Dollars)	401,531,939	150,017,825	23,053,360	228,460,754

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The numbers presented on the IC burden worksheet cannot accurately reflect the actual burden because the number of reports by each respondent varies by frequency and amount. (See 78 FR 32866, 32915, May 31, 2013, as well as the Supporting statement.) For instance, the Commission estimates that there are 125 SDs and MSPs, and 1000 other non-financial end-users parties. On average, the estimate is that SD/MSP reporting parties would likely notify a SEF or DCM of a block trade election approximately 1000 times per year while non-SD/MSP reporting parties likely would notify a SEF or DCM of a block trade election approximately 5 times per year.