[Federal Register Volume 69, Number 192 (Tuesday, October 5, 2004)]
[Notices]
[Pages 59581-59582]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-22299]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Renew Collection 3038-0095, Rules Relating to Security Futures Products

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 rules relating 
to Security Futures Products.

DATES: Comments must be submitted on or before December 6, 2004.

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

FOR FURTHER INFORMATION CONTACT: David Van Wagner (202) 418-5481; 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:
     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 Relating to Security Futures Products, OMB Control Number 3038-
0059--Extension

    The Commission's Part 41 rules establish the regulatory framework 
governing the offer and sale of security futures. Section 5f of the 
Commodity Exchange Act mandates that the Commission set forth 
procedures that permits certain entities--specifically, national 
securities exchanges, national securities associations, and alternative 
trading systems--that would otherwise be regulated by the SEC, to 
become designated contract markets for the limited purpose of trading 
security futures products.
    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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17 CFR 41.......................................             144   On occasion.......................           2,739             0.05            1,620
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[[Page 59582]]

    There are no capital costs or operating and maintenance costs 
associated with this collection.
    This estimate is based on the number of requests for such 
designations submitted in the last three years. Although the burden 
varies with the type, size, and complexity of the request submitted, 
such request might involve analytical work and analysis, as well as the 
work of drafting the request itself.

    Dated: September 29, 2004.
Jean A. Webb,
Secretary of Commission.
[FR Doc. 04-22299 Filed 10-4-04; 8:45 am]
BILLING CODE 6351-01-M