Process for Review of Swaps for Mandatory Clearing

ICR 202010-3038-004

OMB: 3038-0097

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2020-10-26
IC Document Collections
IC ID
Document
Title
Status
195102
Modified
ICR Details
3038-0097 202010-3038-004
Active 201809-3038-001
CFTC
Process for Review of Swaps for Mandatory Clearing
Revision of a currently approved collection   No
Regular
Approved without change 12/09/2020
Retrieve Notice of Action (NOA) 10/26/2020
  Inventory as of this Action Requested Previously Approved
12/31/2023 36 Months From Approved 12/31/2020
15 0 16
600 0 640
0 0 0

The Commodity Exchange Act and Commission regulations require a derivatives clearing organization (“DCO”) that wishes to accept a swap for clearing to be eligible to clear the swap and to submit the swap to the Commission for a determination as to whether the swap is required to be cleared. Commission Regulation 39.5 sets forth the process for these submissions. The information collected is analyzed by Commission staff to determine whether a DCO that wishes to accept a swap for clearing is eligible to clear the swap and whether the swap should be required to be cleared. The information collected is necessary for the Commission to conduct its review.

US Code: 7 USC a-1 Name of Law: Derivatives Clearing Organizations
  
None

Not associated with rulemaking

  85 FR 50012 08/17/2020
85 FR 67723 10/26/2020
No

1
IC Title Form No. Form Name
Process for Review of Swaps for Mandatory Clearing

  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 16 0 -1 0 0
Annual Time Burden (Hours) 600 640 0 -40 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
The total number of respondents decreased from 16 to 15 based on the current number of registered DCOs.

$69,600
No
    Yes
    No
No
Yes
No
No
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.
10/26/2020


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