[Federal Register Volume 69, Number 119 (Tuesday, June 22, 2004)]
[Notices]
[Page 34655]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-14009]


=======================================================================
-----------------------------------------------------------------------

COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities Under OMB Review: Notice 
of Intent to Renew Collection 3038-0055, Privacy of Consumer Financial 
Information

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

-----------------------------------------------------------------------

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; it 
includes the actual data collection instruments [if any].

DATES: Comments must be submitted on or before July 22, 2004.

FOR FURTHER INFORMATION CONTACT: Trabue Bland, Division of Clearing and 
Intermediary Oversight, U.S. Commodity Futures Trading Commission, 1155 
21st Street, NW., Washington, DC 20581, (202) 418-5466; FAX: (202) 418-
5536; email: [email protected] and refer to OMB Control No. 3038-0055.

SUPPLEMENTARY INFORMATION:
    Title: Privacy of Consumer Financial Information, OMB Control No. 
3038-0055. This is a request for extension of a currently approved 
information collection.
    Abstract: 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 nonaffiliated 
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.
    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). The Federal Register notice with a 60-day comment 
period soliciting comments on this collection of information was 
published on March 1, 2004 (69 FR 9598-02).
    Burden statement: The respondent burden for this collection is 
estimated to average .27 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, 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: 4,128.
    Estimates number of responses: 317,414.
    Estimated total annual burden on respondents: 85,690 hours.
    Frequency of collection: On Occasion.
    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. 
3038-0055 in any correspondence.
    Trabue Bland, Division Of Clearing and Intermediary Oversight, 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: June 15, 2004.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 04-14009 Filed 6-21-04; 8:45 am]
BILLING CODE 6351-01-M