e8-21287

FR Doc E8-21287[Federal Register: September 12, 2008 (Volume 73, Number 178)]

[Notices]

[Page 52959-52960]

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

[DOCID:fr12se08-37]

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COMMODITY FUTURES TRADING COMMISSION

Agency Information Collection Activities: Notice of Intent To

Renew Collection 3038-0052, Establishing Procedures for Designated

Contract Markets and Applicants Seeking Designation, Comment Request

AGENCY: Commodity Futures Trading Commission.

ACTION: Extension of an existing collection notice.

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SUMMARY: The Commodity Futures Trading Commission (Commission or 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 Part 38 of the Commission's regulations (17

CFR 38) establishing submission and compliance procedures for

designated contract markets and applicant exchanges seeking designation

with the CFTC.

DATES: Comments must be submitted on or before November 12, 2008.

ADDRESSES: Comments may be mailed to Bruce Fekrat, Special Counsel,

Division of Market Oversight, U.S. Commodity Futures Trading

Commission, 1155 21st Street, NW., Washington, DC 20581.

FOR FURTHER INFORMATION CONTACT: Bruce Fekrat, (202) 418-5578; Fax:

(202) 418-5527; 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 intent to renew the

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.

Collection 3038-0052, Establishing Procedures for Designated Contract

Markets and Applicants Seeking Designation--Extension

Part 38 of the Commission's regulations governs the activities of

designated contract markets. The information collected thereunder is

necessary for the Commission to evaluate whether entities operating as,

or applying to become, designated contract markets are in compliance

with the designation criteria of section 5(b) of the Commodity Exchange

Act (CEA), 7 U.S.C. 7(b), and the core principles of section 5(d) of

the CEA, 7 U.S.C. 7(d), and the Commission's regulations adopted

thereunder.

The Commission estimates the burden of this collection of

information as follows:

[[Page 52960]]

Estimated Annual Reporting Burden

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Estimated

Estimated Reports Total annual average number Annual

Report number of annually by responses of hours per reporting

respondents each response burden

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Designation and Compliance...... 13 NA NA 300 3900

Annual.......................... 13 1 13 70 910

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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 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.

Dated: September 8, 2008.

David A. Stawick,

Secretary of the Commission.

[FR Doc. E8-21287 Filed 9-11-08; 8:45 am]

BILLING CODE 6351-01-P

Last Updated: September 12, 2008