[Federal Register Volume 65, Number 40 (Tuesday, February 29, 2000)]
[Notices]
[Pages 10772-10773]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-4727]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities Under OMB Review

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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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.

FOR FURTHER INFORMATION OR A COPY CONTACT: Barbara Gold, Division of 
Trading and Markets, CFTC, (202) 418-5450; FAX: (202) 418-5455; email: 
[email protected] and refer to OMB Control No. 3038-0005.

SUPPLEMENTARY INFORMATION:
    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]
BILLING CODE 6351-01-M