[Federal Register Volume 72, Number 99 (Wednesday, May 23, 2007)]
[Notices]
[Pages 28959-28960]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 07-2566]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent to 
Renew Collection 3038-0049, Procedural Requirements for Requests for 
Interpretative, No-Action, and Exemptive Letters

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 procedures for submitting requests for exemptive, no-
action, and interpretative letters.

DATES: Comments must be submitted on or before July 23, 2007.

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

FOR FURTHER INFORMATION CONTACT: Christopher W. Cummings (202) 418-
5445; 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 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.

Procedural Requirements for Requests for Interpretative, No-Action, and 
Exemptive Letters, OMB Control Number 3038-0049--Extension

    Commission Regulation 140.99 requires persons submitting requests 
for exemptive, no-action, and interpretative letters to provide 
specific written information, certified as to completeness and 
accuracy, and to update that information to reflect material changes. 
The regulation was promulgated pursuant to the Commission's rulemaking 
authority contained in section 8a(5) of the Commodity Exchange Act, 7 
U.S.C. 12a(5) (2000). Regulation 41.3 requires securities brokers and 
dealers submitting requests for exemptive orders to provide specified 
written information in support of such requests. Regulation 41.3 was 
promulgated in response to the requirement in the Commodity Futures 
Modernization Act of 2000 that the Commission establish procedures for 
requesting such orders.
    The Commission estimates the burden of this collection of 
information as follows:

[[Page 28960]]



                                        Estimated Annual Reporting Burden
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                                         Annual
           17 CFR Section               number of    Frequency of response  Total annual    Hours per     Total
                                       respondents                            responses     response      hours
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17 CFR 140.99.......................           350  On occasion...........           455           7.0     3,185
17 CFR 41.3.........................            60  On occasion...........            24           0.5        12
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    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 letters 
in the last three years. Although the burden varies with the type, 
size, and complexity of the request submitted, such request may involve 
analytical work and analysis, as well as the work of drafting the 
request itself.

    Dated: May 18, 2007.
Eileen A. Donovan,
Acting Secretary of the Commission
[FR Doc. 07-2566 Filed 5-22-07; 8:45 am]
BILLING CODE 6351-01-M