[Federal Register: July 30, 2007 (Volume 72, Number 145)]
[Notices]               
[Page 41500]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr30jy07-32]                         

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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 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 costs and burden.

DATES: Comments must be submitted on or before August 29, 2007.

FOR FURTHER INFORMATION CONTACT: Christopher W. Cummings, Division of 
Clearing and Intermediary Oversight, CFTC, (202) 418-5445; FAX: (202) 
418-5426; e-mail: ccummings@cftc.gov and refer to OMB Control No. 3038-
0049.

SUPPLEMENTARY INFORMATION: 
    Title: Registration under the Commodity Exchange Act (OMB Control 
No. 3038-0023). This is a request for extension of a currently approved 
information collection.
    Abstract: The Commodity Exchange Act (Act) authorizes the 
Commission to deny, revoke or condition registration under the Act if 
an applicant or registrant is subject to various statutory 
disqualifications from registration, such as a prior registration 
revocation or conviction of a felony or certain misdemeanors. The 
registration application, which must be updated as necessary, requires 
information about an applicant's or registrant's disciplinary history 
so that the person's fitness for registration may be evaluated. In 
addition, basic identifying information is required so that a database 
will be available to current and prospective customers, the public, and 
the news media.
    The information on registration applications is used to develop a 
database known as BASIC (Background Affiliation Status Information 
Center), which is Internet-accessible and consulted frequently by 
customers, prospective customers, the general public, and the news 
media to review data provided by applicants and registrants and to 
compare it to information provided by entities making solicitations.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unles 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 May 23, 2007 (72 FR 28960).
    Burden statement: The respondent burden for this collection is 
estimated to average .09 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: Futures Commission Merchants, 
Introducing Brokers, Commodity Pool Operators, Commodity Trading 
Advisors, Associated Persons of each of the foregoing, Floor Brokers, 
and Floor Traders.
    Estimated number of respondents: 70,708.
    Estimated total annual burden on respondents: 6,628 hours.
    Frequency of collection: On occasion.
    Send comments regarding the burden estimated or any other aspect of 
the information collection, including suggestions for reducing the 
burden, to the addresses listed below. Please refer to OMB Control No. 
3038-0023 in any correspondence.
    Christopher W. Cummings, Division of Clearing and Intermediary 
Oversight, U.S. 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 
CFTC, 725 17th Street, Washington, DC 20503.

    Dated: July 24, 2007.
Eileen Donovan,
Acting Secretary of the Commission.
[FR Doc. 07-3699 Filed 7-27-07; 8:45 am]

BILLING CODE 6351-01-M