[Federal Register Volume 70, Number 196 (Wednesday, October 12, 2005)]
[Notices]
[Pages 59319-59320]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-20434]


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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 December 12, 2005.

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, 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;

[[Page 59320]]

     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.

Off-Exchange Agricultural Trade Options, OMB Control Number 3038-0048--
Extension

    In April 1998, the CFTC removed the prohibition on 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 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 has determined that its estimates of the burden of this 
collection of information remains unchanged based on 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 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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17 CFR Part 32..................................             360   On occasion.......................             411             5.59            2,391
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    There are no capital costs or operating and maintenance costs 
associated with this collection.

    Dated: October 6, 2005.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 05-20434 Filed 10-11-05; 8:45 am]
BILLING CODE 6351-01-M