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 [email protected] Refer to OMB Control No.

3038-0022.

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

202-418-5527, e-mail [email protected]

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