Gross Collection of Exchange-Set Margins for Omnibus Accounts

Forms and Documents

Document Name	Status
30-day FRN (7-20-11).pdf Supplementary Document	2011-07-25
60-day FRN (5-18-11).pdf Supplementary Document	2011-07-11
0026SupportingStatement_2011renewal 9-12-2011.doc Supporting Statement A	2011-09-12

IC Document Collections

IC ID	Document Title	Status
29071	Gross Collection of Exchange-Set Margins for Omnibus Accounts	Modified

ICR Details

OMB Control No: 3038-0026	ICR Reference No: 201106-3038-001
Status: Historical Active	Previous ICR Reference No: 200802-3038-001
Agency/Subagency: CFTC	Agency Tracking No:
Title: Gross Collection of Exchange-Set Margins for Omnibus Accounts
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 09/13/2011
	Date Received in OIRA: 08/01/2011
Terms of Clearance: Per OMB request, agency reclassified burden to change due to agency estimate.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2014	36 Months From Approved	09/30/2011
Responses	500	0	600
Time Burden (Hours)	40	0	48
Cost Burden (Dollars)	0	0	0

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Abstract: A carrying futures commission merchant (FCM) is required to maintain a written record from the originating FCM or foreign broker if it allows a person trading an omnibus account to margin positions in the account at a lower than normal level because a spread or hedge position is involved.

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Authorizing Statute(s): US Code: 7 USC 6c, 6d, 6f, 6g, and 12a Name of Law: CEA
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 28754	05/18/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 43278	07/20/2011
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Gross Collection of Exchange-Set Margins for Omnibus Accounts

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ICR Summary of Burden

	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	500	600	0	0	-100	0
Annual Time Burden (Hours)	40	48	0	0	-8	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: There is a decrease in burden amount because there is less participation.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? 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]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 08/01/2011

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