📜CFTC Notice on Information Collection and Compliance Requirements
Agency Information Collection Activities Under OMB Review
Summary
In compliance with the Paperwork Reduction Act of 1995 ("PRA"), this notice announces that the Information Collection Request ("ICR") abstracted below has been forwarded to the Office of Information and Regulatory Affairs ("OIRA"), of the Office of Management and Budget ("OMB"), for review and comment. The ICR describes the nature of the information collection and its expected costs and burden.
Agencies
- Commodity Futures Trading Commission
Business Impact
$$ - Med
The notice pertains to the compliance requirements imposed by the Commodity Futures Trading Commission on futures commission merchants, swap dealers, and major swap participants. The regulations necessitate businesses to appoint a chief compliance officer and maintain comprehensive compliance programs, thus creating a significant regulatory burden that can affect operational costs and compliance strategy.