The Commodity Futures Trading Commission has issued a notice for an Information Collection Request (ICR) under the Paperwork Reduction Act of 1995, seeking public comments by January 15, 2025. This request involves extending an existing data collection related to swap data access provisions, required by the Dodd-Frank Act. The collection impacts four respondents, with an average annual burden of 19,679.5 hours each, totaling 78,718 hours overall. The ongoing costs per respondent are estimated to be around $2 million, with no initial start-up costs.
Simple Explanation
The Commodity Futures Trading Commission needs public feedback on a task where specific companies share lots of information, which is costly and time-consuming. People worry it's unclear what info is needed and why, and some think the work seems tough and costly.