OMB files this
comment in accordance with 5 CFR 1320.11(c). This OMB action is not
an approval to conduct or sponsor an information collection under
the Paperwork Reduction Act of 1995. This action has no effect on
any current approvals. If OMB has assigned this ICR a new OMB
Control Number, the OMB Control Number will not appear in the
active inventory. For future submissions of this information
collection, reference the OMB Control Number provided. Pursuant to
5 CFR 1320.11(c), OMB files this comment on this information
collection request (ICR). The agency shall examine public comment
in response to the NPRM and will describe in the supporting
statement of its next collection any public comments received
regarding the collection as well as why (or why it did not)
incorporate the commenter’s recommendation. The next submission to
OMB must include the draft final rule and information collection
instrument (e.g., form).
Inventory as of this Action
Requested
Previously Approved
12/31/2020
36 Months From Approved
02/28/2021
283,339
0
283,339
6,369
0
6,369
0
0
0
This collection of information
involves recordkeeping and notice requirements in the Commodity
Futures Trading Commission's ("CFTC's") bankruptcy rules for
commodity broker liquidations, 17 CFR Part 190 ("Part 190"). These
rules apply to liquidations under Chapter 7, Subchapter IV of the
Bankruptcy Code, 11 U.S.C. §§ 761 et seq. The CFTC promulgated Part
190 pursuant to the authority of 7 U.S.C. § 24. The information
collection requirements of Part 190 are intended to facilitate the
effective, efficient, and fair conduct of liquidation proceedings
for commodity brokers and to protect the interests of customers in
these proceedings both directly and by facilitating the
participation of the CFTC in such proceedings.
US Code:
7 USC
24 Name of Law: Customer Property with Respect to Commodity
Broker Debtors; Definitions
US Code: 7 USC
12a Name of Law: Rules and Regulations
Changes based on a
comprehensive reconsideration and revision of Part 190
$0
No
No
No
No
No
No
No
Gail Scott 202 418-5139
gscott@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.