[Federal Register: February 29, 2000 (Volume 65, Number 40)]
[Page 10772-10773]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]



Agency Information Collection Activities Under OMB Review

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.


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 March 30, 2000.

Trading and Markets, CFTC, (202) 418-5450; FAX: (202) 418-5455; email:
bgold@cftc.gov and refer to OMB Control No. 3038-0005.

    Title: Rules Relating to the Operations and Activities of Commodity
Pool Operators and Commodity Trading Advisors and to Monthly Reporting
by Futures Commission Merchants (OMB Control No. 3038-0005). This is a
request for revision of a currently approved information collection.
    Abstract: Existing Rule 4.7 provides exemptive relief from the
disclosure, reporting and recordkeeping requirements applicable to
registered commodity pool operators (CPOs) and commodity trading
advisors (CTAs) with respect to pools and accounts owned solely by
qualified eligible participants (QEPs) and qualified eligible clients
(QECs), respectively. The

[[Page 10773]]

relief that is provided reduces the regulatory requirements that apply
to registered CPOs and CTAs. The proposed amendments to Rule 4.7 would
expand this relief by bringing within the QEP and QEC definitions
persons not included in the existing rules. Thus, the proposed
amendments, if adopted, would further reduce the regulatory burdens on
registered CPOs and CTAs.
    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 7.25 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: Commodity Pool Operators, Commodity
Trading Advisors, Futures Commission Merchants.
    Estimated number of respondents: 7,362.
    Estimated total annual burden on respondents: 100,018 hours.
    Frequency of collection: On occasion, quarterly, monthly, annually.
    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.
3038-0005 in any correspondence.
    Barbara Gold, Division of Trading and Markets, U.S. Commodity
Futures Trading Commission, 1155 21st Street, NW, Washington, DC 20581
and Office of Information and Regulatory Affairs, Office of Management
and Budget, Attention: Desk Officer for CFTC, 725 17th Street,
Washington, DC 20503.

    Dated: February 23, 2000.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 00-4727 Filed 2-28-00; 8:45 am]

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