[Federal Register Volume 73, Number 178 (Friday, September 12, 2008)]
[Notices]
[Pages 52959-52960]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-21287]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Renew Collection 3038-0052, Establishing Procedures for Designated 
Contract Markets and Applicants Seeking Designation, Comment Request

AGENCY: Commodity Futures Trading Commission.

ACTION: Extension of an existing collection notice.

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SUMMARY: The Commodity Futures Trading Commission (Commission or 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 Part 38 of the Commission's regulations (17 
CFR 38) establishing submission and compliance procedures for 
designated contract markets and applicant exchanges seeking designation 
with the CFTC.

DATES: Comments must be submitted on or before November 12, 2008.

ADDRESSES: Comments may be mailed to Bruce Fekrat, Special Counsel, 
Division of Market Oversight, U.S. Commodity Futures Trading 
Commission, 1155 21st Street, NW., Washington, DC 20581.

FOR FURTHER INFORMATION CONTACT: Bruce Fekrat, (202) 418-5578; 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 intent to renew the 
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.

Collection 3038-0052, Establishing Procedures for Designated Contract 
Markets and Applicants Seeking Designation--Extension

    Part 38 of the Commission's regulations governs the activities of 
designated contract markets. The information collected thereunder is 
necessary for the Commission to evaluate whether entities operating as, 
or applying to become, designated contract markets are in compliance 
with the designation criteria of section 5(b) of the Commodity Exchange 
Act (CEA), 7 U.S.C. 7(b), and the core principles of section 5(d) of 
the CEA, 7 U.S.C. 7(d), and the Commission's regulations adopted 
thereunder.
    The Commission estimates the burden of this collection of 
information as follows:

[[Page 52960]]



                                        Estimated Annual Reporting Burden
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                                                                                     Estimated
                                     Estimated        Reports      Total annual   average number      Annual
             Report                  number of      annually by      responses     of hours per      reporting
                                    respondents        each                          response         burden
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Designation and Compliance......              13              NA              NA             300            3900
Annual..........................              13               1              13              70             910
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    Burden means the total time, effort, or financial resources 
expended by persons to generate, maintain, retain, disclose or provide 
information to or for a federal agency. This 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.

    Dated: September 8, 2008.
David A. Stawick,
Secretary of the Commission.
[FR Doc. E8-21287 Filed 9-11-08; 8:45 am]
BILLING CODE 6351-01-P