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Federal forms, ICRs, and supporting documents

Information Collection Request

Procedural Requirements for Requests for Interpretative, No- Action and Exemptive Letters

ICR 202005-3038-002 · OMB 3038-0049 · Active

Forms and Documents
DocumentTypeStatusAvailability
(2020) 30-day notice for 3038-0049.pdf Supplementary Document Uploaded 2020-05-27 Available
(2020) 60-day notice for 3038-0049.pdf Supplementary Document Uploaded 2020-05-27 Available
2020 Supporting Statement 3038-0049 - final.docx Supporting Statement A Uploaded 2020-05-27 Available
IC Document Collections
IC IDCollectionTypeStatusForm
29095 Procedural Requirements for Requests for Interpretative, No- Action and Exemptive Letters Modified
ICR Details
3038-0049 202005-3038-002
Active 201703-3038-004
CFTC
Procedural Requirements for Requests for Interpretative, No- Action and Exemptive Letters
Revision of a currently approved collection   No
Regular
Approved without change 07/10/2020
Retrieve Notice of Action (NOA) 05/27/2020
  Inventory as of this Action Requested Previously Approved
07/31/2023 36 Months From Approved 07/31/2020
68 0 778
2,720 0 2,704
0 0 0
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 activities involved, the relief requested, and the legal justification or other rationale for the request. The regulations specifying the type of information to be provided and the procedures to be followed when making such a request save time and resources for requestors and Commission staff.
US Code: 7 USC 12(a) Name of Law: Commodity Exchange Act
  
None
Not associated with rulemaking
  85 FR 15436 03/18/2020
85 FR 31750 05/27/2020
No
1
IC Title Form No. Form Name
Procedural Requirements for Requests for Interpretative, No- Action and Exemptive Letters
  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 68 778 0 -710 0 0
Annual Time Burden (Hours) 2,720 2,704 0 16 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
Overall burden hours have increased slightly from 2,704 to 2,720. The total burden hours were adjusted to account for a different number of estimated respondents (68 respondents = 45 annual respondents who receive Commission responses + approximately 23 to account for those respondents who prepare requests for relief that do not generate a Commission staff letter in response), and an increased average annual burden hours per respondent (40 hours). These estimates are based on the average number of interpretive, no-action, and exemptive letters issued by Commission staff in 2017, 2018, and 2019 – as well as the level of complexity in responses received by the Commission.
$0
No
    Yes
    Yes
No
No
No
No
Thuy Dinh 202 418-5128 [email protected]
  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.
05/27/2020