📊CFTC Notice on Agency Information Collection Activities
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 document outlines regulatory compliance requirements for businesses engaged in swap transactions. Business owners must be aware of the reporting and recordkeeping obligations as they could incur additional costs and administrative burdens. Notably, the estimated total annual burden of 13,946 hours highlights significant resource allocation needed for compliance.