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


[Page 79452-79453]

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




Agency Information Collection Activities: Notice of Intent To

Renew Collection 3038-0048, Off-Exchange Agricultural Trade Options

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.


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 off-exchange agricultural trade options.

DATES: Comments must be submitted on or before February 27, 2009.

ADDRESSES: Comments may be mailed to David Van Wagner, Division of

Market Oversight, U.S. Commodity Futures Trading Commission, 1155 21st

Street, NW., Washington, DC 20581.

FOR FURTHER INFORMATION CONTACT: David Van Wagner, (202) 418-5481; 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 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


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

[[Page 79453]]

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.

Off-Exchange Agricultural Trade Options, OMB Control Number 3038-0048--


In April 1998, the CFTC removed the prohibition on off-exchange

trade options on the enumerated agricultural commodities subject to a

number of regulatory requirements 63 FR 18821 (Apr. 16, 1998).

Thereafter, the Commission streamlined the regulatory and paperwork

burdens in order to increase the utility of agricultural trade options

while maintaining basic customer protections. 64 FR 68011 (Dec. 6,

1999). Based on its experience in administering this program, the

Commission has determined that its estimates of the burden of this

collection of information remains unchanged based on the number of

firms and individuals that may apply for registration. Responses to the

collection of information are mandatory pursuant to Section 4c(b) of

the Commodity Exchange Act.

The Commission estimates the burden of this collection of

information as follows:

Estimated Annual Reporting Burden


Annual number Total annual Hours per

17 CFR of respondents Frequency of response responses response Total hours


17 CFR Part 32.................................. 360 On occasion....................... 411 5.59 2,301


There are no capital costs or operating and maintenance costs

associated with this collection.

Dated: December 22, 2008.

David Stawick,

Secretary of the Commission.

[FR Doc. E8-30906 Filed 12-24-08; 8:45 am]


Last Updated: December 29, 2008