Rules Relating to the Offer and Sale of Foreign Futures and Foreign Options

ICR 199710-3038-001

OMB: 3038-0035

Federal Form Document

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Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
ICR Details
3038-0035 199710-3038-001
Historical Active 199704-3038-001
CFTC
Rules Relating to the Offer and Sale of Foreign Futures and Foreign Options
Revision of a currently approved collection   No
Regular
Approved without change 01/06/1998
Retrieve Notice of Action (NOA) 10/09/1997
The agency shall in future submissions fully describe what information is being collected and how and why this information differes from that information being collection for domestic futures and options.
  Inventory as of this Action Requested Previously Approved
06/30/1998 06/30/1998 02/28/1998
5,472 0 5,592
3,149 0 3,185
55,000 0 47,784,000

The rule requires future commission merchants and introducing brokers to provide their customers with a standard disclosure statement describing some of the risks of trading foreign futures and options. The proposed rule amendements would eliminate this requirement as applied to certain defined categories of customers.

None
None


No

1
IC Title Form No. Form Name
Rules Relating to the Offer and Sale of Foreign Futures and Foreign Options

  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 5,472 5,592 0 -120 0 0
Annual Time Burden (Hours) 3,149 3,185 0 -36 0 0
Annual Cost Burden (Dollars) 55,000 47,784,000 0 7,000 -47,736,000 0
No
Yes

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  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.
10/09/1997


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