View Information Collection Request (ICR) Package

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: 3038-0096	ICR Reference No: 201610-3038-002
Status: Historical Active	Previous ICR Reference No: 201508-3038-002
Agency/Subagency: CFTC	Agency Tracking No:
Title: Swap Data Recordkeeping and Reporting Requirements
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: 01/09/2017
	Date Received in OIRA: 10/26/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2020	36 Months From Approved	12/31/2018
Responses	7,209,344,610	0	30,210
Time Burden (Hours)	562,945	0	445,910
Cost Burden (Dollars)	99,462,062	0	6,637,000

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	7,209,344,610	30,210	7,209,314,400
Annual Time Burden (Hours)	562,945	445,910	117,035
Annual Cost Burden (Dollars)	99,462,062	6,637,000	92,825,062

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: Amendments to the PRA increase the burden for derivatives clearing organizations (DCOs) by 4500 hours on one-time basis and $375,000 on annual basis to account for requirements of DCOs to connect to swap data repositories (SDRs). Amendments also increase burden to all reporting entities (estimated 445) and SDRs by 200 hours on an annual basis to account for changes in reporting systems to comply with new required data elements in the Cleared Swap Rule and future changes brought about by regulatory changes or developments in the swaps market.

Something went wrong when downloading this file. If you have any questions, please send an email to risc@gsa.gov.