Large Trader Reporting for Physical Commodity Swaps

ICR 202105-3038-001

OMB: 3038-0095

Federal Form Document

Forms and Documents
IC Document Collections
ICR Details
3038-0095 202105-3038-001
Received in OIRA 201804-3038-008
CFTC
Large Trader Reporting for Physical Commodity Swaps
Revision of a currently approved collection   No
Regular 05/19/2021
  Requested Previously Approved
36 Months From Approved 06/30/2021
41,608 38,409
65,412 60,382
41,590,793 38,251,139

The Part 20 Reporting Rules for physical commodity swaps, in conjunction with the Commission’s current large trader reporting system for commodity futures and options, are used by the Commission to support its market, financial and trading abuse surveillance programs. Swaps position reports represent a critical component for the implementation of an effective surveillance-based regulatory approach that includes market, financial and trading surveillance programs.

US Code: 7 USC 5 Name of Law: Position Reports for Physical Commodity Swaps
   US Code: 7 USC 6, 6a, 6c, 6f, 6g, 6t, 12a, 19 Name of Law: Position Reports for Physical Commodity Swaps
   US Code: 7 USC 1, 1a, 2 Name of Law: Position Reports for Physical Commodity Swaps
  
None

Not associated with rulemaking

  86 FR 11267 02/24/2021
86 FR 27072 05/19/2021
No

1
IC Title Form No. Form Name
Position Reports for Physical Commodity Swaps 40, 102 CFTCForm 102 ,   CFTCForm 40

  Total Request 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 41,608 38,409 0 3,199 0 0
Annual Time Burden (Hours) 65,412 60,382 0 5,030 0 0
Annual Cost Burden (Dollars) 41,590,793 38,251,139 0 3,339,654 0 0
Yes
Miscellaneous Actions
No
The extension is updating the total burden based on reported data. The total number of affected firms has increased from 4,824 to 5,088. The number of respondents and the time required per response directly correlates to the changes in the burden total of this collection renewal.

$2,000,000
No
    No
    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.
05/19/2021


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