[Federal Register: September 24, 1998 (Volume 63, Number 185)]
[Page 51059-51060]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]



Public Information Collection Requirement

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of Intent to Renew Information Collection 3038-0013:
Exemptions from Speculative Limits.


SUMMARY: The Commodity Futures Trading Commission is planning to renew
information collection 3038-0013, Exemptions from Speculative Limits,
which is due to expire February 28, 1999. Section 4a(1) of the
Commodity Exchange Act (Act) allows the Commission to set speculative
limits in any commodity for futures delivery in order to prevent
excessive speculation. Certain sections of the Act and/or the
Commission's Regulations allow exemptions from the speculative limits
for persons using the market for hedging and, under certain
circumstances, for commodity pool operators and similar traders. This
information collection contains the recordkeeping and reporting
requirements needed to ensure regulatory compliance with Commission
rules relating to this issue.
    In compliance with the Paperwork Reduction Act of 1995, the
Commission solicits comments to:

    (1) evaluate whether the collection of information is necessary
for the proper performance of the functions of the agency, including
the validity of the methodology and assumptions used; (2) evaluate
the accuracy of the agency's estimate of the burden of the
collection of information including the validity of the methodology
and assumptions used; (3) enhance the quality, utility, and clarity
of the information to be collected; and (4) minimize the burden of
the collection of the 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.

DATES: Comments must be received on or before November 23, 1998.

ADDRESSES: Persons wishing to comment on this information collection
should contact the CFTC Clearance Officer, 1155 21st Street NW,
Washington, DC 20581, (202) 418-5160.
    Title: Exemptions from Speculative Limits
    Control Number: 3038-0013
    Action: Extension
    Respondents: Traders
    Estimated Annual Burden: 36

[[Page 51060]]

                                                                          Estimated      Annual        average
               Respondents                     Regulation (17 CFR)        number of     responses    hours, per
                                                                         respondents                  response
Traders..................................  1.47, 1.40 and Part 150....           12            12            36

    Issued in Washington, DC on September 21, 1998.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 98-25621 Filed 9-23-98; 8:45 am]

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