OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Registration of Foreign Boards of Trade

ICR 201510-3038-001 · OMB 3038-0101 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
Form Appendix to Part 4 Registration of Foreign Boards of Trade Form Modified Repair queued
2015-19394-60 Days FRN (0101).pdf Supplementary Document Uploaded 2015-10-16 Available
2015 Supporting Statement (0101).docx Supporting Statement A Uploaded 2015-10-13 Available
IC Document Collections
IC IDCollectionTypeStatusForm
195217 Registration of Foreign Boards of Trade Form Modified
ICR Details
3038-0101 201510-3038-001
Historical Active 201208-3038-008
CFTC
Registration of Foreign Boards of Trade
Revision of a currently approved collection   No
Regular
Approved without change 12/08/2015
Retrieve Notice of Action (NOA) 10/20/2015
  Inventory as of this Action Requested Previously Approved
12/31/2018 36 Months From Approved 12/31/2015
2,255 0 2,001
11,756 0 16,604
0 0 0
The rules implement new statutory provisions enacted by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). These rules establish a registration requirement that applies to foreign boards of trade that wish to provide their identified members of other participants located in the United States with direct access to their electronic trading and order matching systems.
PL: Pub.L. 111 - 203 7 USC 6(b) Name of Law: Foregin Boards of Trade
   US Code: 7 USC 6(b) Name of Law: Regulations of Futures Trading and Foreign Transactions
  
PL: Pub.L. 111 - 203 124 Stat 1376 (2010) Name of Law: Dodd-Frank Act
Not associated with rulemaking
  80 FR 47475 08/07/2015
80 FR 63544 10/20/2015
No
1
IC Title Form No. Form Name
Registration of Foreign Boards of Trade Appendix to Part 48, Cont. of Appendix Pt. 48 FBOT ,   FBOT
  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 2,255 2,001 0 254 0 0
Annual Time Burden (Hours) 11,756 16,604 0 -4,848 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Changing Regulations
The Commission has revised its estimate with respect to the number of new applicants expected annually from one applicant with a burden of 1000 total hours to three applicants with a burden of 1000 hours each, or a total burden of 3000 hours. The Commission has reduced its estimate of registered FBOTs that would permit swaps to be traded by direct access from four to two, thus reducing the estimated total annual reporting burden from 8320 hours to 4160 hours. Finally, the Commission estimated that one registered FBOT would permit a linked contract to be traded by direct access, the total annual reporting burden of which would be 778 annual responses and a total estimated burden of 1812 hours. The Commission is increasing its estimate of the number of registered FBOTs that will permit swaps to be traded by direct access to two, thereby increasing the estimated total annual burden to 3624 hours.
$332,851
No
No
No
Yes
No
Uncollected
John Nowlin 202-418-5427
  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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
10/20/2015