[Federal Register: December 29, 2008 (Volume 73, Number 249)]


[Page 79452]

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


[[Page 79452]]




Agency Information Collection Activities Under OMB Review

AGENCY: Notice of Intent to Renew Currently Approved Collection: 3038-


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 February 27, 2009.

For Further Information or a Copy Contact: Mark H. Bretscher, Division

of Clearing and Intermediary Oversight, CFTC, (312) 596-0529; FAX:

(312) 596-0714; e-mail: [email protected] 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 .50 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: 2,078.

Estimated total annual burden or respondents: 21,138.50 hours.

Frequency of collection: On occasion, monthly, annually, semi-


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.

3038-0024 in any correspondence. Mark H. Bretscher, Division of

Clearing and Intermediary Oversight, U.S. Commodity Futures Trading

Commission, 525 W. Monroe Street, Suite 1100, Chicago, Illinois 60661

and Office of Information and Regulatory Affairs, Office of Management

and Budget, Attention: Desk Officer for CFTC, 725 17th Street,

Washington, DC 20503.

Dated: December 19, 2008.

David Stawick,

Secretary of the Commission.

[FR Doc. E8-30905 Filed 12-24-08; 8:45 am]


Last Updated: December 29, 2008