[Federal Register Volume 75, Number 242 (Friday, December 17, 2010)]
[Notices]
[Page 78978]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-31766]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities Under OMB Review

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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SUMMARY: In compliance with the Paperwork Reduction Act (44 U.S.C. 3501 
et seq.), this notice announces that the CFTC is planning to submit the 
following proposed Information Collection Request (ICR) to the Office 
of Management and Budget (OMB): Rules Pertaining to Contract Markets 
and Their Members; [OMB Control Number 3038-0022]. Before submitting 
the ICR to OMB for review and approval, the CFTC is soliciting comments 
on specific aspects of the proposed information collection as described 
below.

DATES: Comments must be submitted on or before January 18, 2011.

ADDRESSES: Comments may be mailed to David Van Wagner, Commodity 
Futures Trading Commission, Division of Market Oversight, 202-418-5481, 
fax 202-418-5507, e-mail [email protected]. Refer to OMB Control No. 
3038-0022.

FOR FURTHER INFORMATION CONTACT: David Van Wagner @ 202-418-5481, fax 
202-418-5507, e-mail [email protected].

SUPPLEMENTARY INFORMATION: Affected entities: Entities potentially 
affected by this action are registered entities (designated contract 
markets, registered derivatives transaction execution facilities and 
registered derivatives clearing organizations) planning to implement 
new rules and rule amendments by either seeking prior approval or (for 
most rules) certifying to the Commission that such rules or rule 
amendments do not violate the Act or Commission regulations. Rules 
40.2, 40.3, 40.4, 40.5 and 40.6 implement these statutory provisions.
    Title: Rules Pertaining to Contract Markets and Their Members (OMB 
Control No. 3038-0022).
    Abstract: Section 5c(c) of the Commodity Exchange Act, 7 U.S.C. 7a-
2(c), establishes procedures for registered entities (designated 
contract markets, registered derivatives transaction execution 
facilities and registered derivatives clearing organizations) to 
implement new rules and rule amendments by either seeking prior 
approval or (for most rules) certifying to the Commission that such 
rules or rule amendments do not violate the Act or Commission 
regulations.
    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 October 6, 2010 (75 FR 61707).
    The Commission would like to solicit comments to:
     Evaluate 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;
     Evaluate 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;
     Enhance the quality, usefulness, and clarity of the 
information to be collected; and
     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.
    Burden of Statement: The respondent burden for this collection is 
estimated to average 2.53 hours per response. These estimates include 
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: 12,272.
    Estimated Number of Responses Annually: 307,179.
    Estimated Total Annual Burden on Respondents: 777,345 hours.
    Frequency of Collection: On occasion.
    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: December 13, 2010.
David A. Stawick,
Secretary of the Commission.
[FR Doc. 2010-31766 Filed 12-16-10; 8:45 am]
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