CFTC Seeks Comments on Collection of Information Regarding Exemptions from Speculative Limits

The CFTC issued a notice soliciting comments on the extension of the collection of information regarding exemptions from speculative limits.

According to the notice, CEA Section 4a(a) allows the CFTC to set speculative limits on any commodity for future delivery in order to prevent excessive speculation. Certain sections of the CEA and related CFTC Rules allow exemptions from the speculative limits for persons using the market for hedging and, under certain circumstances, for CPOs and similar traders. This information collection contains the recordkeeping and reporting requirements needed to ensure regulatory compliance with CFTC Rules relating to this issue.

The CFTC is inviting comments on:

• whether the proposed collection of information is necessary for the proper performance of the functions of the CFTC, including whether the information will have a practical use;
• the accuracy of the CFTC's estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used;
• ways to enhance the quality, usefulness and clarity of the information to be collected; and
• ways to minimize the burden of collection of information on those who are to respond, including through the use of appropriate automated electronic, mechanical or other technological collection techniques, or other forms of information technology; e.g., permitting the electronic submission of responses.

Comments are due by June 15, 2015.

See: 80 FR 20474.