Ownership and Control Reports, Forms 102/102S, 40/40S, and 71 (Trader and Account Identification Reports)

ICR 202010-3038-007

OMB: 3038-0103

Federal Form Document

Forms and Documents
IC Document Collections
ICR Details
3038-0103 202010-3038-007
Active 201707-3038-002
CFTC
Ownership and Control Reports, Forms 102/102S, 40/40S, and 71 (Trader and Account Identification Reports)
Revision of a currently approved collection   No
Regular
Approved without change 01/08/2021
Retrieve Notice of Action (NOA) 10/28/2020
The the changes approved in this ICR are due to change in agency estimate.
  Inventory as of this Action Requested Previously Approved
01/31/2024 36 Months From Approved 01/31/2021
660,412 0 225,742
188,080 0 189,995
18,898,000 0 14,273,667

The Commodity Futures Trading Commission adopted rules and related forms to enhance its identification of futures and swap market participants. The information collections included in this renewal (“OCR information collections”) are part of the Commodity Futures Trading Commission’s (“CFTC”) implementation of §§ 4a, 4c(b), 4g, and 4i of the Commodity Exchange Act (“Act”). These sections in the Act authorize and require the CFTC to regulate various financial markets, including futures, swaps, and commodities. The information contained in the OCR information collections is necessary for the CFTC to carry out these regulatory functions, including information necessary for the CFTC’s market surveillance function.

PL: Pub.L. 111 - 203 124 Stat. 1376 (2010) Name of Law: Dodd-Frank
   US Code: 7 USC 6a, 6c(b), 6g, 6i, 6t,6s, 7b-3 Name of Law: Reporting & Recordkeeping
  
US Code: 7 USC 6i Name of Law: Reports of deals equal to or in excess of trading limits
US Code: 7 USC 6t Name of Law: Large swap trader reporting
US Code: 7 USC 6s Name of Law: Registration and regulation of swap dealers and major swap participants
PL: Pub.L. 111 - 203 124 Stat. 1376 (2010) Name of Law: Dodd-Frank
US Code: 7 USC 7b-3 Name of Law: Swap execution facilities
US Code: 7 USC 6a Name of Law: Excessive Speculation
US Code: 7 USC 6g Name of Law: Reporting and recordkeeping

Not associated with rulemaking

  85 FR 51022 08/19/2020
85 FR 68310 10/28/2020
No

1
IC Title Form No. Form Name
Ownership and Control Reports, Forms 102/102S, 40/40S, and 71 CFTC Form 102* (*102A, 102B, 102S), CFTC Form 71, CFTC Form 40 Identification of Special Accounts, Volume Threshold Accounts, and Consolidated Accounts ,   Identification of Omnibus Accounts and Sub-Accounts ,   Statement of Reporting Trader

  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 660,412 225,742 0 434,670 0 0
Annual Time Burden (Hours) 188,080 189,995 0 -1,915 0 0
Annual Cost Burden (Dollars) 18,898,000 14,273,667 0 4,624,333 0 0
No
Yes
Miscellaneous Actions
Change results from changes to the estimates of the number of respondents, responses, and an increase in estimated hourly costs based on the most recent data.

$454,955
No
    Yes
    Yes
No
Yes
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.
10/28/2020


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