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e8-21287

  • FR Doc E8-21287[Federal Register: September 12, 2008 (Volume 73, Number 178)]

    [Notices]

    [Page 52959-52960]

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

    [DOCID:fr12se08-37]

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    COMMODITY FUTURES TRADING COMMISSION

    Agency Information Collection Activities: Notice of Intent To

    Renew Collection 3038-0052, Establishing Procedures for Designated

    Contract Markets and Applicants Seeking Designation, Comment Request

    AGENCY: Commodity Futures Trading Commission.

    ACTION: Extension of an existing collection notice.

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    SUMMARY: The Commodity Futures Trading Commission (Commission or 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 Part 38 of the Commission's regulations (17

    CFR 38) establishing submission and compliance procedures for

    designated contract markets and applicant exchanges seeking designation

    with the CFTC.

    DATES: Comments must be submitted on or before November 12, 2008.

    ADDRESSES: Comments may be mailed to Bruce Fekrat, Special Counsel,

    Division of Market Oversight, U.S. Commodity Futures Trading

    Commission, 1155 21st Street, NW., Washington, DC 20581.

    FOR FURTHER INFORMATION CONTACT: Bruce Fekrat, (202) 418-5578; Fax:

    (202) 418-5527; e-mail: bfekrat@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 intent to renew the

    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.

    Collection 3038-0052, Establishing Procedures for Designated Contract

    Markets and Applicants Seeking Designation--Extension

    Part 38 of the Commission's regulations governs the activities of

    designated contract markets. The information collected thereunder is

    necessary for the Commission to evaluate whether entities operating as,

    or applying to become, designated contract markets are in compliance

    with the designation criteria of section 5(b) of the Commodity Exchange

    Act (CEA), 7 U.S.C. 7(b), and the core principles of section 5(d) of

    the CEA, 7 U.S.C. 7(d), and the Commission's regulations adopted

    thereunder.

    The Commission estimates the burden of this collection of

    information as follows:

    [[Page 52960]]

    Estimated Annual Reporting Burden

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    Estimated

    Estimated Reports Total annual average number Annual

    Report number of annually by responses of hours per reporting

    respondents each response burden

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    Designation and Compliance...... 13 NA NA 300 3900

    Annual.......................... 13 1 13 70 910

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

    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 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.

    Dated: September 8, 2008.

    David A. Stawick,

    Secretary of the Commission.

    [FR Doc. E8-21287 Filed 9-11-08; 8:45 am]

    BILLING CODE 6351-01-P

    Last Updated: September 12, 2008



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