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This document outlines a proposed rule change by ICE Clear Credit LLC to provide for the clearance of the Markit CDX North American High Yield Series 15 Index with a three-year maturity, maturing
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How to fill out omb approval

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How to fill out OMB APPROVAL

01
Obtain the OMB Form that requires approval.
02
Fill in the title of the information collection at the top of the form.
03
Provide the agency name along with the date of the request.
04
Indicate the OMB Control Number assigned to the collection.
05
Specify the number of respondents and how you arrived at that estimate.
06
Describe the purpose of the information collection, including any statutory or regulatory authority.
07
Detail the expected frequency of response and the duration of the collection period.
08
Justify any estimated costs to respondents, including time and monetary expenses.
09
Review and revise the form for accuracy and completeness.
10
Submit the completed form to the OMB for approval.

Who needs OMB APPROVAL?

01
Federal agencies that collect information from the public.
02
Organizations submitting proposals or applications that require federal information collection.
03
Any entity that must comply with federal reporting requirements.
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After OMB approves the primary collection, any agency that wishes to collect the same information and use it for the same purpose can obtain expedited approval by providing its agency-specific information to OMB (e.g., burden estimates and number of respondents).
PRA of 1995 requires that U.S. federal government agencies receive. OMB approval before collecting most types of information from the public. ▪ PRA is a law governing how federal agencies collect information from the public. ▪ OMB oversees the information/data requests federal agencies make of the. public.
The approval process, which is popularly known as the “OMB clearance process,” is extensive and time-consuming. It requires two Federal Register notices and a detailed application to OMB. The duration for the entire process can exceed six months.
The approval process, which is popularly known as the “OMB clearance process,” is extensive and time-consuming. It requires two Federal Register notices and a detailed application to OMB. The duration for the entire process can exceed six months.

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OMB Approval refers to the authorization provided by the Office of Management and Budget (OMB) for federal agencies to collect information from the public. It ensures that the information collection is necessary and complies with the Paperwork Reduction Act.
Federal agencies that collect information from ten or more respondents must obtain OMB approval for their information collection requests. This includes surveys, forms, and other data collection methods.
To fill out OMB Approval, agencies must submit the information collection request to OMB, including details about the purpose, estimated burden on respondents, and how the information will be used. The request must be accompanied by supporting documents and a justification for the collection.
The purpose of OMB Approval is to reduce the burden of paperwork on the public and ensure that any information collected is essential for fulfilling the agency's mission. It also aims to improve the quality of data collected and ensure transparency in information collection processes.
The information required for OMB Approval includes a description of the information to be collected, the need for the collection, the estimated number of respondents, the estimated time for completion, the purpose of the data collection, and how the data will be used and maintained.
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