In order to process and evaluate requests for interpretative, no-action and exemptive letters the Commission requires accurate and complete background information concerning the persons and acitivities involved, the relief requested, and the legal or other authorities for and against the request. Specific procedures save time and resources for requesters and Commission staff.
US Code:
7 USC 12(a)
Name of Law: Commodity Exchange Act
The annual information collection estimates for this renewal period are projected to be lower than the prior renewal period because the burden hour estimates in the prior renewal period reflected anticipated increases in requests for interpretative letters and no-action relief following the implementation of the Wall Street Reform and Consumer Protection Act. As noted in the notice of intent to renew this information collection issued in 2013, such increases were not expected to be permanent. The burden hour estimates were projected to drop significantly after the first year of that renewal period. Again, Commission staff believes that its experience over the most recent calendar year provides sound support for its calculation of the projected information collections burdens for the following three years. It also should be noted that the burden hour calculations in the prior renewal period included burden hours related to Commission regulation 41.3(b). Because the information collection burdens related to that regulation are now included under OMB number 3038-0059, they are no longer included in this OMB number.
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.
Supporting Statement 3038-0049 5.31.17.doc
30-day Notice 5-31-17.pdf
Procedural Requirements for Requests for Interpretative, No- Action and Exemptive Letters