Registration of Foreign Boards of Trade

ICR 201810-3038-005

OMB: 3038-0101

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supporting Statement A
2018-10-29
Supplementary Document
2018-10-29
Supplementary Document
2018-10-24
IC Document Collections
IC ID
Document
Title
Status
195217 Modified
ICR Details
3038-0101 201810-3038-005
Historical Active 201510-3038-001
CFTC
Registration of Foreign Boards of Trade
Revision of a currently approved collection   No
Regular
Approved without change 12/21/2018
Retrieve Notice of Action (NOA) 10/29/2018
  Inventory as of this Action Requested Previously Approved
06/30/2020 36 Months From Approved 12/31/2018
2,223 0 2,255
8,630 0 11,756
0 0 0

The rules implement statutory provisions enacted by Title VII of the Dodd-Frank Act. These rules establish a registration requirement that applies to foreign boards of trade (FBOT) that wish to provide their identified members or other participants located in the United States with direct access to their electronic trading and order matching systems. Information is used to ensure registered FBOTs continue to meet the requirements for registration and provide necessary information regarding their activities, performance, and status, to demonstrate that they meet the conditions required to be met in order to retain their registration.

PL: Pub.L. 111 - 203 7 USC 6(b) Name of Law: Foreign Boards of Trade
   US Code: 7 USC 6(b)(1) Name of Law: Regulations of Futures Trading and Foreign Transactions
  
None

Not associated with rulemaking

  83 FR 39989 08/13/2018
83 FR 54327 10/29/2018
No

1
IC Title Form No. Form Name
Registration of Foreign Boards of Trade Appendix to Part 48, Cont. of Appendix Pt. 48 FBOT ,   FBOT

  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 2,223 2,255 0 -32 0 0
Annual Time Burden (Hours) 8,630 11,756 0 -3,126 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
The total number of registered FBOTs required to make reports quarterly and annually is estimated to be reduced from 27 to 23 entities, thus reducing one set of reporting burden from 972 to 846 hours. The number of registered FBOTs permitting swaps to be traded by direct access remains unchanged at two, thereby continuing an estimated total annual burden of 4160 hours. The number of registered FBOTs permitting a linked contract to be traded by direct access also remains unchanged at two, thereby continuing an estimated total annual burden of 3624 hours. Thus the estimated annual aggregate burden hours are 8630 (846 + 4160 + 3624 = 8630).

$359,991
No
    No
    No
No
Yes
No
Uncollected
Thuy Dinh 202 418-5128 tdinh@cftc.gov

  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.
10/29/2018


© 2024 OMB.report | Privacy Policy