[Federal Register Volume 66, Number 158 (Wednesday, August 15, 2001)]
[Notices]
[Pages 42846-42847]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-20448]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Renew Collection 3038-0022, Rules Pertaining to Contract Markets and 
Their Members

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 Commission 
rules pertaining to contract markets and their members.

DATES: Comments must be submitted on or before October 15, 2001.

ADDRESSES: Comments may be mailed to Barbara W. Black, Office of the 
Executive Director, U.S. Commodity Futures Trading Commission, 1155 
21st Street, NW., Washington, DC 20581.

FOR FURTHER INFORMATION CONTACT: Barbara W. Black at (202) 418-5130; 
FAX: (202) 418-5541; email: [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

[[Page 42847]]

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.
Rules Pertaining to Contract Markets and Their Members, OMB Control 
Number 3038-0022--Extension
    Rule 40.4 establishes a procedure for designated contract markets 
to submit certain rules concerning agricultural contracts to the 
Commission for prior approval. Rule 40.5 establishes a procedure for 
any registered entity (designated contract markets, registered 
derivatives transaction execution facilities and registered derivatives 
clearing organizations) to request that the Commission approve any rule 
or proposed rule or rule amendment. Rule 40.6 establishes a procedure 
for designated contract markets and registered derivatives clearing 
organization to self-certify rules.
    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                    of  respondents          Frequency of  response            responses         response         Total hours
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                                                     15,894   On occasion..........................         434,039               2.0           185,347
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    There are no capital costs or operating and maintenance costs 
associated with this collection.
    This estimate is based on the Commission's experience over the last 
three years.

    Dated: August 9, 2001.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 01-20448 Filed 8-14-01; 8:45 am]
BILLING CODE 6351-01-M