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07-3951

  • [Federal Register: August 14, 2007 (Volume 72, Number 156)]

    [Notices]

    [Page 45420-45421]

    From the Federal Register Online via GPO Access [wais.access.gpo.gov]

    [DOCID:fr14au07-46]

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    COMMODITY FUTURES TRADING COMMISSION

    Agency Information Collection Activities: Notice of Intent To

    Renew Collection 3038-0025, Practice by Former Members and Employees of

    the Commission

    AGENCY: Commodity Futures Trading Commission.

    [[Page 45421]]

    ACTION: Notice.

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    SUMMARY: The Commodity Futures Trading Commission (CFTC) is announcing

    an opportunity for public comment on the proposed collection of certain

    information by the agency. Under the Paperwork Reduction Act of 1995

    (PRA), 44 U.S.C. 3501 et seq., 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 in

    response to the notice. This notice solicits comments on requirements

    relating to practice before the Commission by former members and

    employees of the Commission.

    DATES: Comments must be submitted on or before October 15, 2007.

    ADDRESSES: Comments may be mailed to John P. Dolan, Office of the

    General Counsel, U.S. Commodity Futures Trading Commission, 1155 21st

    Street, NW., Washington, DC 20581.

    FOR FURTHER INFORMATION CONTACT: John P. Dolan at (202) 418-5120; FAX:

    (202) 418-5524; e-mail: jdolan@cftc.gov.

    SUPPLEMENTARY INFORMATION: Under the PRA, 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(c) 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

    Federal agencies 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. To comply with this

    requirement, the CFTC is publishing notice of the proposed collection

    of information listed below.

    With respect to the following collection of information, the CFTC

    invites comments on:

    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;

    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;

    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

    electronic submission of responses.

    Practice by Former Members and Employees of the Commission, OBM Control

    Number 3038-0025--Extension

    Commission Rule 140.735-6 governs the practice before the

    Commission of former members and employees of the Commission and is

    intended to ensure that the Commission is aware of any existing

    conflict of interest. The rule generally requires former members and

    employees who are employed or retained to represent any person before

    the Commission within two years of the termination of their CFTC

    employment to file a brief written statement with the Commission's

    Office of General Counsel. The proposed rule was promulgated pursuant

    to the Commission's rulemaking authority contained in Section 8a(5) of

    the Commodity Exchange Act, 7 U.S.C. 12a(5) (1994).

    The Commission estimates the burden of this collection of

    information as follows:

    Estimated Annual Reporting Burden

    --------------------------------------------------------------------------------------------------------------------------------------------------------

    Annual number Frequency of Total annual Hours per

    17 CFR section of respondents response responses response Total hours

    --------------------------------------------------------------------------------------------------------------------------------------------------------

    17 CFR 140.735-6................................................... 3 1.5 4.5 .10 0.45

    --------------------------------------------------------------------------------------------------------------------------------------------------------

    There are no capital costs or operating and maintenance costs

    associated with this collection.

    This estimate is based on the number of responses received over the

    last three years.

    Dated: August 8, 2007.

    David A. Stawick,

    Secretary of the Commission.

    [FR Doc. 07-3951 Filed 8-13-07; 8:45 am]

    BILLING CODE 6351-01-M

    Last Updated: August 14, 2007



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