[Federal Register Volume 65, Number 242 (Friday, December 15, 2000)]
[Notices]
[Pages 78474-78475]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-32016]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent to 
Renew Collection 3038-0016, Compliance With Requirements for 
Designation as a Contract Market

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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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 
compliance for requirements for designation as a contract market.

DATES: Comments must be submitted on or before February 13, 2001.

ADDRESSES: Comments may be mailed to Lamont L. Reese, Division of 
Economic Analysis, U.S. Commodity Futures Trading Commission, 1155 21st 
Street, NW, Washington, DC 20581.

FOR FURTHER INFORMATION CONTACT: Lamont L. Reese (202) 418-5310; FAX: 
(202) 418-5527; email: [email protected].

SUPPLEMENT 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 USC 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 USC 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 
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.
    Compliance with Requirements for Designation as a Contract Market, 
OMB control number 3038-0016--Extension
    Under Commission Rules 1.50 and 5.2, contract markets must 
demonstrate that they continue to meet the

[[Page 78475]]

designation requirements contained in the Commodity Exchange Act, 7 
U.S.C. 1, et seq., and that contract markets, prior to listing trading 
months for a then-dormant contract, submit a justification showing that 
the terms and conditions of the contract are in conformance with 
current commercial practices and that the contract can be expected to 
serve an economic purpose. These rules are promulgated pursuant to the 
Commission's rulemaking authority contained in Sections 5 and 5a of the 
Commodity Exchange Act, 7 U.S.C. 7 and 7a (1994).
    The Commission estimates the burden of this collection of 
information as follows:

                                                            Estimated Annual Reporting Burden
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                                                Annual  number                                           Total annual      Hours per
                17 CFR Section                 of  respondents          Frequency of response             responses         response       Total hours
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1.50; 5.2....................................              11   On occasion..........................               2              250              500
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    There are no capital costs or operating and maintenance costs 
associated with this collection.
    This estimate is based on the number of requests or such letters in 
the last three years. Although the burden varies with the type, size, 
and complexity of the request submitted, such request may involve 
analytical work and analysis, as well as the work of drafting the 
request itself.

    Dated: December 12, 2000.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 00-32016 Filed 12-14-00; 8:45 am]
BILLING CODE 6351-01-M