[Federal Register Volume 69, Number 40 (Monday, March 1, 2004)]
[Notices]
[Pages 9598-9599]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-4445]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Renew Collection 3038-0055, Privacy of Consumer Financial Information

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.,

[[Page 9599]]

Federal agencies are required to publish notice in the Federal Register 
concerning each proposed collection of information, and to allow 60 
days for comment in response to the notice. This notice solicits 
comments on requirements relating to information collected to assist 
the Commission in the prevention of market manipulation.

DATES: Comments must be submitted on or before April 30, 2004.

ADDRESSES: Comments may be mailed to Tribue Bland, Division of Clearing 
and Intermediary Oversight, U.S. Commodity Futures Trading Commission, 
1155 21st Street, NW., Washington, DC 20581.

FOR FURTHER INFORMATION CONTACT: Tribue Bland, (202) 418-5466; FAX 
(202) 418-5536; 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 Section 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 of, 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 electronic, mechanical, or other technological collection 
techniques or other forms of information technology, e.g., permitting 
electronic submission of responses.

Privacy of Consumer Financial Information OMB Control No. 3038-0055--
Extension

    Section 124 of the Commodity Futures Modernization Act of 2000 
(``CFMA'') amends the Commodity Exchange Act (the ``Act'') and adds a 
new section 5g to the Act to make the Commission a Federal functional 
regulator for purposes of applying the provisions of Title V, Subtitle 
A of the Gramm-Leach-Bliley Act (``GLB Act'') addressing consumer 
privacy to any futures commission merchant, commodity trading advisor, 
commodity pool operator or introducing broker that is subject to the 
Commission's jurisdiction with respect to any financial activity. In 
general, Title V requires financial institutions to provide notice to 
consumers about the institution's privacy policies and practices, to 
restrict the ability of a financial institution to share nonpublic 
personal information about consumers to non-affiliated third parties, 
and to permit consumers to prevent the institution from disclosing 
nonpublic personal information about them to certain non-affiliated 
third parties by ``opting out'' of that disclosure. This rule 
implements the mandates of Section 124 and Title V of the GLB Act.
    The Commission estimates the burden of this collection of 
information as follows:

Estimated Annual Reporting Burden

    Number of Respondents: 4,128.
    Total Annual Responses: 317,414.
    Hours per Response: .27.
    Total Annual Hours: 85,690.

    Dated: February 23, 2004.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 04-4445 Filed 2-27-04; 8:45 am]
BILLING CODE 6351-01-M