Notice2026-02996
Agency Information Collection Activities: Notice of Intent To Extend Collection Number 3038-0049: Procedural Requirements for Requests for Interpretative, No-Action, and Exemptive Letters
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
February 17, 2026
Issuing agencies
Commodity Futures Trading Commission
Abstract
The Commodity Futures Trading Commission ("Commission" or "CFTC") is announcing an opportunity for public comment on the proposed extension of a collection of certain information by the agency. Under the Paperwork Reduction Act ("PRA"), Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed extension of an existing collection of information, and to allow 60 days for public comment. This notice solicits comments on requirements related to requests for, and the issuance of, exemptive, no-action, and interpretative letters.
Full Text
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<title>Federal Register, Volume 91 Issue 31 (Tuesday, February 17, 2026)</title>
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[Federal Register Volume 91, Number 31 (Tuesday, February 17, 2026)]
[Notices]
[Pages 7264-7266]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-02996]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Extend Collection Number 3038-0049: Procedural Requirements for
Requests for Interpretative, No-Action, and Exemptive Letters
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
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SUMMARY: The Commodity Futures Trading Commission (``Commission'' or
``CFTC'') is announcing an opportunity for public comment on the
proposed extension of a collection of certain information by the
agency. Under the Paperwork Reduction Act (``PRA''), Federal agencies
are required to publish notice in the Federal Register concerning each
proposed collection of information, including each proposed extension
of an existing collection of information, and to allow 60 days for
public comment. This notice solicits comments on requirements related
to requests for, and the issuance of, exemptive, no-action, and
interpretative letters.
DATES: Comments must be submitted on or before April 20, 2026.
ADDRESSES: You may submit comments, identified by ``OMB Control Number
3038-0049,'' by any of the following methods:
<bullet> The CFTC's website, at <a href="https://comments.cftc.gov/">https://comments.cftc.gov/</a>. Follow
the instructions for submitting comments through the website.
<bullet> Mail: Christopher Kirkpatrick, Secretary of the
Commission, Commodity Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street NW, Washington, DC 20581.
<bullet> Hand Delivery/Courier: Same as Mail above.
Please submit your comments using only one method.
FOR FURTHER INFORMATION CONTACT: Eric Schmelzer, Special Counsel, (202)
836-0567, <a href="/cdn-cgi/l/email-protection#caafb9a9a2a7afa6b0afb88aa9acbea9e4ada5bc"><span class="__cf_email__" data-cfemail="f1948292999c949d8b9483b192978592df969e87">[email protected]</span></a>, of the Division of Clearing and Risk;
Dina Moussa, Special Counsel, (202) 418-5696, <a href="/cdn-cgi/l/email-protection#40242d2f3533332100232634236e272f36"><span class="__cf_email__" data-cfemail="7c181113090f0f1d3c1f1a081f521b130a">[email protected]</span></a>, or
Catherine Brescia, Attorney Advisor, (202) 418-6236, <a href="/cdn-cgi/l/email-protection#5d3e3f2f382e3e343c1d3e3b293e733a322b"><span class="__cf_email__" data-cfemail="e58687978096868c84a586839186cb828a93">[email protected]</span></a>,
of the Market Participants Division; Owen Kopon, (202) 418-5360,
<a href="/cdn-cgi/l/email-protection#fa9591958a9594ba999c8e99d49d958c"><span class="__cf_email__" data-cfemail="056a6e6a756a6b45666371662b626a73">[email protected]</span></a>, of the Division of Market Oversight, Commodity Futures
Trading Commission, Three Lafayette Centre, 1155 21st Street NW,
Washington, DC 20581; or Roger Smith, (202) 418-5344, <a href="/cdn-cgi/l/email-protection#087a7b65617c60486b6e7c6b266f677e"><span class="__cf_email__" data-cfemail="3f4d4c52564b577f5c594b5c11585049">[email protected]</span></a>,
of the Division of Market Oversight, Commodity Futures Trading
Commission, 77 West Jackson Blvd., Suite 800, Chicago, IL 60604.
SUPPLEMENTARY INFORMATION: Under the PRA, 44 U.S.C. 3501 et seq.,
Federal agencies must obtain approval from the Office of Management and
Budget (``OMB'') for each collection of information they conduct or
sponsor. ``Collection of Information'' is defined in 44 U.S.C. 3502(3)
and 5 CFR 1320.3 and includes agency requests or requirements that
members of the public submit reports, keep records, or provide
information to a third party. Section 3506(c)(2)(A) of the PRA, 44
U.S.C. 3506(c)(2)(A), requires a Federal agency to provide a 60-day
notice in the Federal Register concerning each proposed collection of
information, including each proposed extension of an existing
collection of information before submitting the collection to OMB for
approval. An agency may not conduct or sponsor, and a person is not
required to
[[Page 7265]]
respond to, a collection of information unless it displays a currently
valid OMB number.\1\ To comply with these requirements, the CFTC is
publishing notice of the proposed extension of the currently approved
collection of information listed below.
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\1\ 44 U.S.C. 3512, 5 CFR 1320.5(b)(2)(i) and 1320.8 (b)(3)(vi).
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Title: Procedural Requirements for Requests for Interpretative, No-
Action, and Exemptive Letters (OMB Control No. 3038-0049). This is a
request for an extension of a currently approved information
collection.
Abstract: This collection covers the information requirements for
voluntary requests for, and the issuance of, interpretative, no-action,
and exemptive letters submitted to Commission staff pursuant to the
provisions of section 140.99 of the Commission's regulations,\2\ and
related requests for confidential treatment pursuant to section
140.98(b) \3\ of the Commission's regulations.
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\2\ 17 CFR 140.99. An archive containing CFTC staff letters may
be found at <a href="https://www.cftc.gov/LawRegulation/CFTCStaffLetters/index.htm">https://www.cftc.gov/LawRegulation/CFTCStaffLetters/index.htm</a>.
\3\ 17 CFR 140.98(b).
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The collection requirements described herein are voluntary. They
apply to parties that choose to request a benefit from Commission staff
in the form of the regulatory action described in section 140.99. Such
benefits may include, for example, staff action related to some or all
of the burdens associated with other collections of information, staff
action related to regulatory obligations that do not constitute
collections of information, interpretations, or extensions of time for
compliance with certain Commission regulations. Any person requesting
action under section 140.99 will likely have determined the staff
action sought substantially outweighs any associated information
collection burden.
This information collection is necessary, and is used, to assist
Commission staff in understanding the type of staff action that is
being requested and the basis for the request. It is also necessary,
and is used, to provide staff with a sufficient basis for determining
whether: (1) granting the requested action would be necessary or
appropriate under the facts and circumstances presented by the
requestor; (2) the requested action provided should be conditional and/
or time-limited; and (3) granting the requested action would be
consistent with staff responses to requests that have been presented
under similar facts and circumstances. In some cases, Commission staff
might grant the requested action with certain conditions it deems
appropriate. Once again, those complying with these conditions will
likely have determined the staff action sought outweighs any associated
burden. This information collection also is necessary to provide a
mechanism whereby persons requesting interpretative, no-action, and
exemptive letters may seek temporary confidential treatment of their
request and the Commission staff response thereto and the grounds upon
which such confidential treatment is sought.
With respect to the collection of information, the CFTC invites
comments on:
<bullet> Whether the proposed collection of information is
necessary for the proper performance of the functions of the
Commission, including whether the information will have a practical
use;
<bullet> The accuracy of the Commission's estimate of the burden of
the proposed collection of information, including the validity of the
methodology and assumptions used;
<bullet> Ways to enhance the quality, usefulness, and clarity of
the information to be collected; and
<bullet> Ways to minimize the burden of the 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 electronic submission of responses.
All comments must be submitted in English, or if not, accompanied
by an English translation. Comments will be posted as received to
<a href="https://www.cftc.gov">https://www.cftc.gov</a>. You should submit only information that you wish
to make available publicly. If you wish the Commission to consider
information that you believe is exempt from disclosure under the
Freedom of Information Act, a petition for confidential treatment of
the exempt information may be submitted according to the procedures
established in section 145.9 of the Commission's regulations.\4\
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\4\ 17 CFR 145.9.
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The Commission reserves the right, but shall have no obligation to,
review, pre-screen, filter, redact, refuse or remove any or all of your
submission from <a href="https://www.cftc.gov">https://www.cftc.gov</a> that it may deem to be
inappropriate for publication, such as obscene language. All
submissions that have been redacted or removed that contain comments on
the merits of the Information Collection Request will be retained in
the public comment file and will be considered as required under the
Administrative Procedure Act and other applicable laws, and may be
accessible under the Freedom of Information Act.
Burden Statement: The Commission is revising its burden estimate
for this information collection. The Commission has based its estimate
of the annual number of respondents related to this information
collection, in part, on the average number of interpretative, no-
action, and exemptive letters issued by Commission staff in 2023, 2024,
and 2025. The Commission generally estimates that each request was made
by a unique respondent. To that number, the Commission is adding
additional respondents that have incurred burden hours preparing
requests for staff action that did not generate a Commission staff
letter in response.
This estimate includes the burden hours for preparing, filing, and
updating such request letters as well as the burden of complying with
any conditions that may be contained in any interpretative, no-action,
or exemptive letters granting staff action. It also includes burden
hours required to prepare and submit related requests for confidential
treatment. The burden hours associated with individual requests will
vary widely, depending upon the type and complexity of staff action
requested, whether the request presents novel or complex issues, the
relevant facts and circumstances, and the number of requestors or other
affected entities.
The respondent burden is estimated to be as follows:
Estimated Number of Annual Respondents: 44.
Estimated Average Annual Burden Hours per Respondent: 40.
Estimated Total Annual Burden Hours: 1,760.
Frequency of Collection: Occasional.
Type of Respondents: Respondents include persons registered with
the Commission (such as commodity pool operators, commodity trading
advisors, derivatives clearing organizations, designated contract
markets, futures commission merchants, introducing brokers, swap
dealers, and swap execution facilities), persons seeking an exemption
from registration, persons whose registration with the Commission is
pending, trade associations and their members, eligible contract
participants, and other persons seeking staff action from discrete
regulatory requirements.
There are no capital costs or operating and maintenance costs
associated with this collection.
(Authority 44 U.S.C. 3501 et seq.)
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Dated: February 11, 2026.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2026-02996 Filed 2-13-26; 8:45 am]
BILLING CODE 6351-01-P
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