[Federal Register: February 29, 2000 (Volume 65, Number 40)]
[Page 10773]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]



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 March 30, 2000.

of Trading and Markets, CFTC, (202) 418-5439; FAX: (202) 418-5536;
email: Ipatent@cftc.gov and refer to OMB Control No. 3038-0024.

    Title: Regulations and Forms Pertaining to the Financial Integrity
of the Marketplace (OMB Control No. 3038-0024). This is a request for
extension of a currently approved information collection.
    Abstract: The commodity futures markets play a vital role in the
furthering of global commerce by providing commercial users and
speculators with a price discovery mechanism for the commodities traded
on such markets and by providing commercial users of the markets with a
mechanism for hedging their goods and services against price risks. The
Commodity Futures Trading Commission is the independent federal
regulatory agency charged with providing various forms of customer
protection so that users of the markets can be assured of the financial
integrity of the markets and the intermediaries that they employ in
their trading activities. Among the financial safeguards the Commission
has imposed on commodity brokerages, technically futures commission
merchants (FCMs) and introducing brokers (IBs), are minimum capital
standards and, for FCMs, a requirement that they segregate and
separately account for the funds they receive from their commodity
customers. In order to monitor compliance with such financial
standards, the Commission has required FCMs and IBs to file financial
reports with the Commission and with the self-regulatory organizations
(SROs) of which they are members. (See Commission Rule 1.10, 17 CFR
    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).
    Burden statement: The respondent burden for this collection is
estimated to average 1.0 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.
    Estimated Number of respondents: 2,529.
    Estimated total annual burden or respondents: 28,442 hours.
    Frequency of collection: On occasion, quarterly, monthly, annually,
    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.
3038-0005 in any correspondence.
    Lawrence B. Patent, Division of Trading and Markets, 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: February 23, 2000.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 00-4728 Filed 2-28-00; 8:45 am]

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