e7-23279

[Federal Register: December 3, 2007 (Volume 72, Number 231)]

[Notices]

[Page 67919]

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

[DOCID:fr03de07-48]

[[Page 67919]]

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COMMODITY FUTURES TRADING COMMISSION

Agency Information Collection Activities: Notice of Intent To

Renew Collection 3038-0026, Gross Collection of Exchange-Set Margins

for Omnibus Accounts

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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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 gross collection of Exchange-Set margins for Omnibus

Accounts.

DATES: Comments must be submitted on or before February 1, 2008.

ADDRESSES: Comments may be mailed to Barbara S. Gold, Associate

Director, Division of Clearing and Intermediary Oversight, U.S.

Commodity Futures Trading Commission, 1155 21st Street, NW.,

Washington, DC 20581.

FOR FURTHER INFORMATION CONTACT: Barbara S. Gold, (202) 418-5430; Fax:

(202) 418-5528; e-mail: [email protected]

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

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.

Gross Collection of Exchange-Set Margins for Omnibus Accounts, OMB

Control Number 3038-0026--Extension

Commission Regulation 1.58 requires that FCMs margin omnibus

accounts on a gross, rather than a net, basis. The regulation provides

that the carrying FCM need not collect margin for positions traded by a

person through an omnibus account in excess of the amount that would be

required if the same person, instead of trading through an omnibus

account, maintained its own account with the carrying FCM.

The Commission estimates the burden of this collection of

information as follows:

Estimated Annual Reporting Burden

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Annual number of Total annual Hours per

17 CFR section respondents Frequency of response responses response Total hours

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17 CFR 1.58................................ 150 On occasion........................ 600 .08 48

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There are no capital costs or operating and maintenance costs

associated with this collection.

This estimate is based on the number of written records maintained

in the last three years. Although the burden varies, such records may

involve analytical work and analysis, as well as multiple levels of

review.

Dated: November 27, 2007.

David A. Stawick,

Secretary of the Commission.

[FR Doc. E7-23279 Filed 11-30-07; 8:45 am]

BILLING CODE 6351-01-P

Last Updated: December 3, 2007