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This document outlines the proposed rule change by the Chicago Board Options Exchange to list and trade Mini Options on select high-priced securities.
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Obtain the OMB APPROVAL form from the official website or authorized source.
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Carefully read the instructions provided on the form.
03
Fill in the required information, including your agency or organization details.
04
Provide a brief description of the information collection purpose.
05
Specify the estimated total burden hours for respondents.
06
Include any relevant contact information for further inquiries.
07
Review the completed form for accuracy and completeness.
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Submit the form as directed, ensuring you retain a copy for your records.

Who needs OMB APPROVAL?

01
Federal agencies that collect information from the public must obtain OMB APPROVAL.
02
Organizations or individuals that conduct surveys or data collection for federal agencies.
03
Any entity that gathers information requiring federal oversight and compliance.
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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 process by which the Office of Management and Budget (OMB) grants permission for federal agencies to collect information from the public. It ensures that the data collection is necessary and that agencies comply with the Paperwork Reduction Act.
Federal agencies that wish to collect information from the public are required to file for OMB Approval. This includes any organization or individual that engages with these agencies to provide data.
To fill out OMB Approval, agencies must complete a request for approval form detailing the purpose of the information collection, the necessity for the data, and how it will be used. The request must also include estimates of the burden on respondents and any associated costs.
The purpose of OMB Approval is to minimize the burden on the public by ensuring that the information collected is essential, to promote transparency in the government's information collection activities, and to comply with the requirements of the Paperwork Reduction Act.
The information that must be reported on OMB Approval includes the title of the information collection, the reasons for collecting the data, the estimated number of respondents, the frequency of collection, the expected response time, and any financial or operational costs involved.
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