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e8-30906

  • [Federal Register: December 29, 2008 (Volume 73, Number 249)]

    [Notices]

    [Page 79452-79453]

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

    [DOCID:fr29de08-44]

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    COMMODITY FUTURES TRADING COMMISSION

    Agency Information Collection Activities: Notice of Intent To

    Renew Collection 3038-0048, Off-Exchange Agricultural Trade Options

    AGENCY: Commodity Futures Trading Commission.

    ACTION: Notice.

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

    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 off-exchange agricultural trade options.

    DATES: Comments must be submitted on or before February 27, 2009.

    ADDRESSES: Comments may be mailed to David Van Wagner, Division of

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

    Street, NW., Washington, DC 20581.

    FOR FURTHER INFORMATION CONTACT: David Van Wagner, (202) 418-5481; FAX:

    (202) 418-5527; e-mail: dvanwagner@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

    [[Page 79453]]

    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.

    Off-Exchange Agricultural Trade Options, OMB Control Number 3038-0048--

    Extension

    In April 1998, the CFTC removed the prohibition on off-exchange

    trade options on the enumerated agricultural commodities subject to a

    number of regulatory requirements 63 FR 18821 (Apr. 16, 1998).

    Thereafter, the Commission streamlined the regulatory and paperwork

    burdens in order to increase the utility of agricultural trade options

    while maintaining basic customer protections. 64 FR 68011 (Dec. 6,

    1999). Based on its experience in administering this program, the

    Commission has determined that its estimates of the burden of this

    collection of information remains unchanged based on the number of

    firms and individuals that may apply for registration. Responses to the

    collection of information are mandatory pursuant to Section 4c(b) of

    the Commodity Exchange Act.

    The Commission estimates the burden of this collection of

    information as follows:

    Estimated Annual Reporting Burden

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

    Annual number Total annual Hours per

    17 CFR of respondents Frequency of response responses response Total hours

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

    17 CFR Part 32.................................. 360 On occasion....................... 411 5.59 2,301

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

    There are no capital costs or operating and maintenance costs

    associated with this collection.

    Dated: December 22, 2008.

    David Stawick,

    Secretary of the Commission.

    [FR Doc. E8-30906 Filed 12-24-08; 8:45 am]

    BILLING CODE 6351-01-P

    Last Updated: December 29, 2008



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