Regulations Governing
Bankruptcies of Commodity Brokers
Extension without change of a currently approved collection
No
Regular
08/27/2024
Requested
Previously Approved
36 Months From Approved
10/31/2024
411,684
411,684
9,106
9,106
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
12a Name of Law: Rules and Regulations
US Code: 7 USC
24 Name of Law: Customer Property with Respect to Commodity
Broker Debtors; Definitions
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.