View Information Collection Request (ICR) Package

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View ICR - OIRA Conclusion

OMB Control No: 3038-0062	ICR Reference No: 202012-3038-008
Status: Historical Active	Previous ICR Reference No: 201711-3038-003
Agency/Subagency: CFTC	Agency Tracking No:
Title: Off-Exchange Foreign Currency Transactions
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: 02/10/2021
	Date Received in OIRA: 12/29/2020
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/29/2024	36 Months From Approved	02/28/2021
Responses	38,801,982	0	1,196,740
Time Burden (Hours)	418,286	0	131,258
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	38,801,982	1,196,740	37,605,242
Annual Time Burden (Hours)	418,286	131,258	287,028
Annual Cost Burden (Dollars)	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 numbers in these estimates have been adjusted to account for a revised number of registrants in each registration category. For example, there now are four RFEDs-- doubling the number from the 2017 renewal. Additionally, the number of forex firm FCMs has increased from seven to twelve, whereas the number of forex CPOs has decreased from 74 to 50. The Commission continues to believe that the 2017 estimates as to the hour burden per respondent, and related costs per hour, remain accurate. As a result, the primary changes in burden hours and associated costs result from changes in the number of registrants that are required to comply with the relevant regulatory requirements.

Annual Cost to Federal Government: $0

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. 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]? Yes

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

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