Copies of Crop and Market Information Reports

Forms and Documents

Document Name	Status
3038-0015 30-day FR 2014-25461.pdf Supplementary Document	2014-10-27
SUPPORTING STATEMENT-- 3038-0015 (08-2014).docx Supporting Statement A	2014-09-16
60-day FRN (8-25-14).pdf Supplementary Document	2014-09-04

IC Document Collections

IC ID	Document Title	Status
29029	Copies of Crop and Market Information Reports	Modified

ICR Details

OMB Control No: 3038-0015	ICR Reference No: 201409-3038-004
Status: Historical Active	Previous ICR Reference No: 201112-3038-006
Agency/Subagency: CFTC	Agency Tracking No:
Title: Copies of Crop and Market Information Reports
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/09/2015
	Date Received in OIRA: 10/27/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2018	36 Months From Approved	04/30/2015
Responses	15	0	15
Time Burden (Hours)	2	0	3
Cost Burden (Dollars)	135	0	130

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Abstract: Manipulation of commodity futures prices is a violation of the Commodity Exchange Act (Act). In addition to market corners and squeezes, price manipulation can be accomplished through the dissemination of false or misleading market information. In this respect, section 9(a)(2) of the Act (7 USC 13(a)(2)) prohibits the dissemination of false or misleading or knowingly inaccurate reports that affect or tend to affect the prices of commodities. In order to facilitate the enforcement of this provision, Commission regulation 1.40 requires that members of an exchange and futures commission merchants (FCMs) provide upon request copies of any report published or given general circulation which concerns crop or market information that affects or tends to affect the price of any commodity.

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Authorizing Statute(s): US Code: 7 USC 13(a)(2) Name of Law: Crop and Market Information Reports
  

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:
	79 FR 50631	08/25/2014
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 63905	10/27/2014
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
Copies of Crop and Market Information Reports

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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	15	15	0	0	0	0
Annual Time Burden (Hours)	2	3	0	-1	0	0
Annual Cost Burden (Dollars)	135	130	0	5	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: Adjustments in the dollar value of burden were caused by an update to industry wage rates.

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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: 10/27/2014

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