📄CFTC Information Collection Activities Under OMB Review
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
$$$ - High
The text outlines compliance requirements for Futures Commission Merchants and Introducing Brokers, mandating them to develop conflicts of interest policies and procedures. This implicates business operations and costs, as firms must maintain records and ensure compliance with the CFTC regulations, reflecting a clear regulatory requirement impacting operational practices.