[Federal Register Volume 67, Number 187 (Thursday, September 26, 2002)]
[Notices]
[Pages 60641-60642]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-24430]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Renew Collection 3038-0048, Off-Exchange Agricultural Trade Options

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 requirements 
relating to off-exchange agricultural trade options.

DATES: Comments must be submitted on or before November 25, 2002.

ADDRESSES: Comments may be mailed to Judith E. Payne, Division of 
Market Oversight, U.S. Commodity Futures Trading Commission, 1155 21st 
Street, NW, Washington, DC 20581.

FOR FURTHER INFORMATION CONTACT: Judith E. Payne, (202) 418-5268; 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:
    [sbull] 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;
    [sbull] 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;
    [sbull] Ways to enhance the quality, usefulness, and clarity of the 
information to be collected; and
    [sbull] 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--Extension
    In April 1998, the CFTC removed the prohibition of 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

[[Page 60642]]

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 is reducing 
its estimates of the burden of this collection of information based on 
revised assumptions of 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 s 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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17 CFR part 32...............................             360   On occasion                                       411             5.59            2,301
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    There are no capital costs or operating and maintenance costs 
associated with this collection.

    Dated: September 20, 2002.
Catherine D. Dixon,
Assistance Secretary of the Commission.
[FR Doc. 02-24430 Filed 9-25-02; 8:45 am]
BILLING CODE 6351-01-M