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.
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.