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07-3979

  • [Federal Register: August 15, 2007 (Volume 72, Number 157)]

    [Notices]

    [Page 45759-45760]

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

    [DOCID:fr15au07-58]

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    COMMODITY FUTURES TRADING COMMISSION

    Agency Information Collection Activities: Proposed Collection;

    Comment Request: Proposed Collection; Comment Request: Rules Pertaining

    to Contract Markets and Their Members

    AGENCY: Commodity Futures Trading Commission.

    ACTION: Notice.

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

    et seq.), this notice announces that the CFTC is planning to submit the

    following proposed Information Collection Request (ICR) to the Office

    of Management and Budget (OMB): Rules Pertaining to Contract Markets

    and Their Members; [OMB Control Number 3038-0022]. Before submitting

    the ICR to OMB for review and approval, the CFTC is soliciting comments

    on specific aspects of the proposed information collection as described

    below.

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

    ADDRESSES: Comments may be mailed to Riva Spear Adriance, Commodity

    Futures Trading Commission, Division of Market Oversight, 202-418-5494,

    fax 202-418-5527, e-mail radriance@cftc.gov. Refer to OMB Control No.

    3038-0022.

    FOR FURTHER INFORMATION CONTACT: Riva Spear Adriance, 202-418-5494, fax

    202-418-5527, e-mail radriance@cftc.gov.

    SUPPLEMENTARY INFORMATION: Affected entities: Entities potentially

    affected by this action are registered entities (designated contract

    markets, registered derivatives transaction execution facilities and

    registered derivatives clearing organizations) planning to implement

    new rules and rule amendments by either seeking prior approval or (for

    most rules) certifying to the Commission that such rules or rule

    amendments do not violate the Act or Commission regulations. Rules

    40.2, 40.3, 40.4, 40.5 and 40.6 implement these statutory provisions.

    [[Page 45760]]

    Title: Proposed Collection; Comment Request: Rules Pertaining to

    Contract Markets and Their Members.

    Abstract: Section 5c(c) of the Commodity Exchange Act, 7 U.S.C. 7a-

    2(c), establishes procedures for registered entities (designated

    contract markets, registered derivatives transaction execution

    facilities and registered derivatives clearing organizations) to

    implement new rules and rule amendments by either seeking prior

    approval or (for most rules) certifying to the Commission that such

    rules or rule amendments do not violate the Act or Commission

    regulations. Rules 40.4, 40.5 and 40.6 implement these statutory

    provisions.

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

    to respond to, a collection of information unless 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 Commission would like to solicit comments to:

    Evaluate 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;

    Evaluate 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;

    Enhance the quality, usefulness, and clarity of the

    information to be collected; and

    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.

    Burden of Statement: The respondent burden for this collection is

    estimated to average .83 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: 11,006.

    Estimated number of responses: 13,118.

    Estimated total Annual Burden on Respondents: 57 hours.

    Frequency of Collection: On occasion.

    Burden means the total time, effort, or financial resources

    expended by persons to generate, maintain, retain, disclose or provide

    information to or for a federal agency. This includes the time needed

    to review instructions; develop, acquire, install, and utilize

    technology and systems for the purpose 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.

    Dated: August 9, 2007.

    David A. Stawick,

    Secretary of the Commission.

    [FR Doc. 07-3979 Filed 8-14-07; 8:45 am]

    BILLING CODE 6351-01-M

    Last Updated: August 15, 2007



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