[Federal Register Volume 71, Number 80 (Wednesday, April 26, 2006)]
[Notices]
[Pages 24649-24650]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 06-3925]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities Under OMB Review

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice; Information Collection 3038-0043, Rules Relating to 
Review of National Futures Association Decisions in Disciplinary, 
Membership Denial, Registration, and Member Responsibility Actions.

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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

[[Page 24650]]

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

DATES: Comments must be submitted on or before May 26, 2006.

FOR FURTHER INFORMATION CONTACT: Gail B. Scott at CFTC, (202) 418-5139; 
FAX: (202) 418-5524; e-mail: [email protected] and refer to OMB Control 
No. 3038-0043.

SUPPLEMENTARY INFORMATION:
    Title: Rules Relating to Review of National Futures Association 
Decisions in Disciplinary, Membership Denial, Registration, and Member 
Responsibility Actions, OMB Control No. 3038-0043. This is a request 
for extension of a currently approved information collection.
    Abstract: 17 CFR part 171 rules require a registered futures 
association to provide fair and orderly procedures for membership and 
disciplinary actions. The Commission's review of decisions of 
registered futures associations in disciplinary, membership denial, 
registration, and member responsibility actions is governed by section 
17(h)(2) of the Commodity Exchange Act, 7 U.S.C. 21(h)(2). The rules 
establish procedures and standards for Commission review of such 
actions, and the reporting requirements included in the procedural 
rules are either directly required by section 17 of the Act or are 
necessary to the type of appellate review role Congress intended the 
Commission to undertake when it adopted that provision.
    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 February 8, 2006 (71 FR 6455).
    Burden statement: The respondent burden for this collection is 
estimated to average .5 hours per response. This estimate includes the 
time needed to review instructions; develop, acquire, install, and 
utilize technology and systems for the purposes of collecting, 
validating, and 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: 25.
    Estimated number of responses: 51.3.
    Estimated total annual burden on respondents: 25.6 hours.
    Frequency of collection: On occasion.
    Send comments regarding the burden estimated or nay other aspect of 
the information collection, including suggestions for reducing the 
burden, to the addresses listed below. Please refer to OMB Control No. 
3038-0043 in any correspondence.
    Gail B. Scott, Office of General Counsel, 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 the CFTC, 725 17th Street, NW., Washington, 
DC 20503.

    Dated: Issued in Washington, DC, on April 20, 2006.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 06-3925 Filed 4-25-06; 8:45 am]
BILLING CODE 6351-01-M