[Federal Register: May 12, 2004 (Volume 69, Number 92)]
[Notices]               
[Page 26368-26369]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr12my04-35]                         

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COMMODITY FUTURES TRADING COMMISSION

 
Agency Information Collection Activities: Notice of Intent To 
Amend Collection 3038-0009, Large Trader Reports

AGENCY: Commodity Futures Trading Commission

ACTION: Notice.

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SUMMARY: The Commodity Futures Trading Commission (``the Commission'') 
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, and to allow 60 days for comment in 
response to the notice. This notice solicits comments on requirements 
relating to information collected to assist the Commission in the 
prevention of market manipulation.

DATES: Comments must be submitted on or before July 12, 2004.

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

FOR FURTHER INFORMATION CONTACT: Gary Martinaitis, (202) 418-5209; FAX 
(202) 418-5527; e-mail: gmartinaitis@cftc.gov.

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 Commission is publishing notice of the proposed 
collection of information listed below.
    With respect to the following collection of information, the 
Commission 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 of, 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 
electronic, mechanical, or other technological collection techniques or 
other forms of information technology; e.g., permitting electronic 
submission of responses.

Large Trader Reports, OMB Control No. 3038-0009--Amendment

     Parts 15 through 21 of the commission's regulations under the 
Commodity Exchange Act (Act) require large trader reports from clearing 
members, futures commission merchants, and foreign brokers and traders. 
These rules are designed to provide the Commission with information to 
effectively conduct its market surveillance program, which includes the 
detection and prevention of price manipulation and enforcement of 
speculative position limits.
     The Commission estimates the burden of the of this collection of 
information as follows:

                                        Estimated Annual Reporting Burden
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                                                                    Total annual     Hours per
      Annual number of respondents        Frequency of response      responses       response       Total hours
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2,950.................................   Periodically...........          63,300             .29          18,592
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[[Page 26369]]

    Dated: May 6, 2004.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 04-10765 Filed 5-11-04; 8:45 am]

BILLING CODE 6351-01-M