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  • [Federal Register: July 30, 2007 (Volume 72, Number 145)]


    [Page 41500]

    From the Federal Register Online via GPO Access []




    Agency Information Collection Activities Under OMB Review

    AGENCY: Commodity Futures Trading Commission.

    ACTION: Notice.


    SUMMARY: In compliance with the Paperwork Reduction Act (44 U.S.C. 3501

    et seq.), this notice announces that the Information Collection Request

    (ICR) abstracted below has been forwarded to the Office of Management

    and Budget (OMB) for review and comment. The ICR describes the nature

    of the information collection and its expected costs and burden.

    DATES: Comments must be submitted on or before August 29, 2007.

    FOR FURTHER INFORMATION CONTACT: Christopher W. Cummings, Division of

    Clearing and Intermediary Oversight, CFTC, (202) 418-5445; FAX: (202)

    418-5426; e-mail: and refer to OMB Control No. 3038-



    Title: Registration under the Commodity Exchange Act (OMB Control

    No. 3038-0023). This is a request for extension of a currently approved

    information collection.

    Abstract: The Commodity Exchange Act (Act) authorizes the

    Commission to deny, revoke or condition registration under the Act if

    an applicant or registrant is subject to various statutory

    disqualifications from registration, such as a prior registration

    revocation or conviction of a felony or certain misdemeanors. The

    registration application, which must be updated as necessary, requires

    information about an applicant's or registrant's disciplinary history

    so that the person's fitness for registration may be evaluated. In

    addition, basic identifying information is required so that a database

    will be available to current and prospective customers, the public, and

    the news media.

    The information on registration applications is used to develop a

    database known as BASIC (Background Affiliation Status Information

    Center), which is Internet-accessible and consulted frequently by

    customers, prospective customers, the general public, and the news

    media to review data provided by applicants and registrants and to

    compare it to information provided by entities making solicitations.

    An agency may not conduct or sponsor, and a person is not required

    to respond to, a collection of information unles it displays a

    currently valid OMB control number. The OMB control numbers for the

    CFTC's regulations were published on December 30, 1981. See 46 FR 63035

    (Dec. 30, 1981). The Federal Register notice with a 60-day comment

    period soliciting comments on this collection of information was

    published on May 23, 2007 (72 FR 28960).

    Burden statement: The respondent burden for this collection is

    estimated to average .09 hours per response. These estimates include

    the time needed to review instructions; develop, acquire, install, and

    utilize technology and systems for the purposes of collecting,

    validating, and verifying information, processing and maintaining

    information, and disclosing and providing information; adjust the

    existing ways to comply with any previously applicable instructions and

    requirements; train personnel to be able to respond to a collection of

    information; and transmit or otherwise disclose the information.

    Respondents/Affected Entities: Futures Commission Merchants,

    Introducing Brokers, Commodity Pool Operators, Commodity Trading

    Advisors, Associated Persons of each of the foregoing, Floor Brokers,

    and Floor Traders.

    Estimated number of respondents: 70,708.

    Estimated total annual burden on respondents: 6,628 hours.

    Frequency of collection: On occasion.

    Send comments regarding the burden estimated or any other aspect of

    the information collection, including suggestions for reducing the

    burden, to the addresses listed below. Please refer to OMB Control No.

    3038-0023 in any correspondence.

    Christopher W. Cummings, Division of Clearing and Intermediary

    Oversight, U.S. Commodity Futures Trading Commission, 1155 21st Street,

    NW., Washington, DC 20581; and Office of Information and Regulatory

    Affairs, Office of Management and Budget, Attention: Desk Officer for

    CFTC, 725 17th Street, Washington, DC 20503.

    Dated: July 24, 2007.

    Eileen Donovan,

    Acting Secretary of the Commission.

    [FR Doc. 07-3699 Filed 7-27-07; 8:45 am]

    BILLING CODE 6351-01-M

    Last Updated: August 5, 2007