[Federal Register: September 12, 2008 (Volume 73, Number 178)]
[Notices]
[Page 52959-52960]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr12se08-37]
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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: bfekrat@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 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