[April 30, 2007 (Volume 72, Number 82)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID: f:ua070446.wais] [Page 23442-23446] Commodity Futures Trading Commission ----------------------------------------------------------------------- Part XLVI ----------------------------------------------------------------------- Semiannual Regulatory Agenda [[Page 23442]] COMMODITY FUTURES TRADING COMMISSION (CFTC) _______________________________________________________________________ COMMODITY FUTURES TRADING COMMISSION 17 CFR Ch. I Regulatory Flexibility Agenda AGENCY: Commodity Futures Trading Commission. ACTION: Semiannual regulatory agenda. _______________________________________________________________________ SUMMARY: The Commodity Futures Trading Commission, in accordance with the requirements of the Regulatory Flexibility Act, is publishing a semiannual agenda of significant rules that the Commission expects to propose or promulgate over the next year. The Commission welcomes comments from small entities and others on the agenda. FOR FURTHER INFORMATION CONTACT: Eileen A. Donovan, Acting Secretary of the Commission, Commodity Futures Trading Commission, 1155 21st Street NW., Washington, DC 20581; (202) 418-5096, edonovan@cftc.gov. SUPPLEMENTARY INFORMATION: The Regulatory Flexibility Act, (5 U.S.C. 601, et seq.) (RFA), sets forth a number of requirements for agency rulemaking. Among other things, the RFA requires that: Semiannually, each agency shall publish in the Federal Register a regulatory flexibility agenda that shall contain: (1) A brief description of the subject area of any rule that the agency expects to propose or promulgate, which is likely to have a significant economic impact on a substantial number of small entities; (2) A summary of the nature of any such rule under consideration for each subject area listed in the agenda pursuant to paragraph (1), the objectives and legal basis for the issuance of the rule, and an approximate schedule for completing action on any rule for which the agency has issued a general notice of proposed rulemaking; and (3) The name and telephone number of an agency official knowledgeable about the items listed in paragraph (1). 5 U.S.C. 602(a). The Commission has prepared an agenda of significant rules that it presently expects may be considered during the course of the next year. These rules may have some impact on small entities.\1\ In this regard, section 602(d) of the RFA, 5 U.S.C. 602(d), provides: ``Nothing in [section 602] precludes an agency from considering or acting on any matter not included in a regulatory flexibility agenda or requires an agency to consider or act on any matter listed in such agenda.'' The Commission's spring 2007 regulatory flexibility agenda is set forth below. Issued in Washington, DC on February 28, 2007, by the Commission. Eileen A. Donovan, Acting Secretary of the Commission. \1\ The Commission published its definition of small entity to be used in connection with rulemaking proceedings on April 30, 1982 (47 FR 18618). Pursuant to that definition, the Commission is not required to list many of the agenda items contained in this regulatory flexibility agenda. See 5 U.S.C. 602(a)(1). Moreover, the Commission has previously certified, pursuant to section 605 of the RFA, 5 U.S.C. 605, that certain items contained in this agenda will not have a significant economic impact on a substantial number of small entities. Accordingly, the listing of a rule in this regulatory flexibility agenda should not, in any event, be taken as a determination that a rule, when proposed or promulgated, will in fact require a regulatory flexibility analysis. However, the Commission hopes that the publication of an agenda that includes significant rules, regardless of their potential impact on small entities, may serve the public generally by providing an early and meaningful opportunity to participate in and comment on the formulation of new or revised regulations. In addition to publishing the regulatory flexibility agenda, the Commission also makes available to the public, on a monthly basis, a calendar and, on a weekly basis, posts an advisory on its Web site (http://www.cftc.gov) that lists rules that the Commission is considering or will consider in the near future. Commodity Futures Trading Commission--Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 3349 Offering and Selling Security Futures Products Traded on Foreign Boards of Trade to 3038-AB75 United States Persons; Requirements for Foreign Stock Index Contracts To Qualify as Non-Narrow-Based Indices.............................................................. 3350 Interagency Proposal To Consider Alternative Forms of Privacy Notices Under the Gramm- 3038-AC04 Leach-Bliley Act...................................................................... 3351 Execution of Off-Centralized Market Transactions: Regulation 1.38 and Guidance on Core 3038-AC07 Principle 9........................................................................... 3352 Exemption From Registration for Certain Foreign Persons............................... 3038-AC26 3353 Debt Securities Conforming Amendments................................................. 3038-AC31 3354 Exemption From Federal Speculative Position Limits.................................... 3038-AC36 3355 Registration of Futures Commission Merchants, Introducing Brokers, Commodity Trading 3038-AC37 Advisors, Commodity Pool Operators and Leverage Transaction Merchants................. 3356 Extension of Time for Commodity Pool Operators To File Pool Annual Reports............ 3038-AC38 3357 Technical and Clarifying Amendments to Part 40 of the Commission's Regulations........ 3038-AC39 3358 Periodic Revision of Federally Established Position Limits............................ 3038-AC40 ---------------------------------------------------------------------------------------------------------------- Commodity Futures Trading Commission--Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 3359 Limitations on Withdrawals of Equity Capital.......................................... 3038-AC27 3360 Conflicts of Interest in Self-Regulation and Self-Regulatory Organizations............ 3038-AC28 3361 Electronic Filing of Notices of Exemption or Exclusion Under Part 4 of the 3038-AC33 Commission's Regulations.............................................................. [[Page 23443]] 3362 Introducing Broker Electronic Filing of Annual Reports................................ 3038-AC34 3363 Advertising by Commodity Pool Operators, Commodity Trading Advisors, and the 3038-AC35 Principals Thereof.................................................................... ---------------------------------------------------------------------------------------------------------------- _______________________________________________________________________ Commodity Futures Trading Commission (CFTC) Proposed Rule Stage _______________________________________________________________________ 3349. OFFERING AND SELLING SECURITY FUTURES PRODUCTS TRADED ON FOREIGN BOARDS OF TRADE TO UNITED STATES PERSONS; REQUIREMENTS FOR FOREIGN STOCK INDEX CONTRACTS TO QUALIFY AS NON-NARROW-BASED INDICES Priority: Substantive, Nonsignificant Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat 2763 CFR Citation: Not Yet Determined Legal Deadline: Other, Statutory, December 21, 2001, Within one year after the date of enactment of the Commodity Futures Modernization Act of 2000. Abstract: The Commission and the Securities and Exchange Commission are required to jointly issue: (1) Rules, regulations, or orders as are necessary and appropriate to permit the offer and sale of security futures products traded on or subject to the rules of a foreign board of trade to United States persons, and (2) rules and regulations that set forth the requirements for foreign stock index contracts to qualify as non-narrow-based indices. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/00/07 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Elizabeth L. Ritter, Deputy General Counsel, Office of General Counsel, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581 Phone: 202 418-5052 Fax: 202 418-5524 Email: eritter@cftc.gov Thomas M. Leahy Jr., Associate Director for Product Review, Division of Market Oversight, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581 Phone: 202 418-5278 Fax: 202 418-5527 Email: tleahy@cftc.gov Related RIN: Related to 3038-AB78 RIN: 3038-AB75 _______________________________________________________________________ 3350. INTERAGENCY PROPOSAL TO CONSIDER ALTERNATIVE FORMS OF PRIVACY NOTICES UNDER THE GRAMM-LEACH-BLILEY ACT Priority: Substantive, Nonsignificant Legal Authority: 7 USC 7b-2; 7 USC 12a(5); 15 USC 6801 et seq CFR Citation: 17 CFR 160 Legal Deadline: None Abstract: Subtitle A of the Gramm-Leach-Bliley Act (GLB Act), captioned Disclosure of Nonpublic Personal Information (15 U.S.C. 6801 et seq.), requires each financial institution to provide a notice of its privacy policies and practices to its consumer customers. In general, the privacy notices must describe a financial institution's policies and practices with respect to disclosing nonpublic personal information about a consumer to both affiliated and nonaffiliated third parties, and provide a consumer a reasonable opportunity to direct the institution not to share nonpublic personal information about the consumer with nonaffiliated third parties. The GLB Act agencies, which include eight Federal regulators including the CFTC, have published substantially identical regulations to implement GLB title V, known collectively as the ``privacy rule.'' Many notices issued under the privacy rule were long and complex, and difficult to compare with each other. The Financial Services Regulatory Relief Act of 2006 amended the GLB Act, requiring the agencies to propose a model form to consumers. This so-called ``safe harbor'' model form is set forth in the joint NPRM issued by the GLB Act agencies in March. The NPRM seeks comment on the content and form of the form, among other matters. The NPRM was developed jointly by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Federal Trade Commission, the National Credit Union Administration, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, the Securities and Exchange Commission and the CFTC. The comments will be considered by all the GLB Act agencies before adopting a final rule. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 12/30/03 68 FR 75164 ANPRM Comment Period End 03/29/04 NPRM 03/29/07 72 FR 14939 NPRM Comment Period End 05/29/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: Federal Agency Contact: Laura M. Richards, Deputy General Counsel, Office of General Counsel, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581 Phone: 202 418-5126 Fax: 202 418-5524 Email: lrichards@cftc.gov RIN: 3038-AC04 [[Page 23444]] _______________________________________________________________________ 3351. EXECUTION OF OFF-CENTRALIZED MARKET TRANSACTIONS: REGULATION 1.38 AND GUIDANCE ON CORE PRINCIPLE 9 Priority: Substantive, Nonsignificant Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat 2763 CFR Citation: 17 CFR 1; 17 CFR 38 Legal Deadline: None Abstract: Since the Commission originally promulgated Regulation 1.38, the Commodity Futures Modernization Act of 2000 (CFMA) was signed into law. The CFMA, among other things, specifically expanded the allowable transactions that could be executed off the centralized market. The Commission has proposed amendments to its rules concerning trading off the centralized market, including the addition of guidance on contract market block trading rules, in light of further administrative experience with, and consideration of, the implications of the CFMA. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/01/04 69 FR 39880 NPRM Comment Period End 08/30/04 Second NPRM 10/00/07 Second NPRM Comment Period End 12/00/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Riva Spear Adriance, Associate Deputy Director, Division of Market Oversight, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581 Phone: 202 418-5494 Fax: 202 418-5507 Email: radriance@cftc.gov Gabrielle A. Sudik, Special Counsel, Division of Market Oversight, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581 Phone: 202 418-5171 Fax: 202 418-5507 Email: gsudik@cftc.gov RIN: 3038-AC07 _______________________________________________________________________ 3352. EXEMPTION FROM REGISTRATION FOR CERTAIN FOREIGN PERSONS Priority: Substantive, Nonsignificant Legal Authority: 7 USC 6d ; 7 USC 6m CFR Citation: 17 CFR 3.10(c) Legal Deadline: None Abstract: The Commission is proposing to amend its regulations regarding registration to permit certain foreign firms located outside the U.S. that limit their customers to foreign customers to clear their U.S. contract market business on an omnibus basis through a registered futures commission merchant without having to register as a futures commission merchant pursuant to section 4d of the Commodity Exchange Act. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/02/07 72 FR 15637 NPRM Comment Period End 05/02/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Andrew V. Chapin, Special Counsel, Division of Clearing and Intermediary Oversight, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581 Phone: 202 418-5465 Fax: 202 418-5536 Email: achapin@cftc.gov RIN: 3038-AC26 _______________________________________________________________________ 3353. DEBT SECURITIES CONFORMING AMENDMENTS Priority: Substantive, Nonsignificant Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat 2763 CFR Citation: 17 CFR 41 Legal Deadline: None Abstract: On July 13, 2006, the Commodity Futures Trading Commission (``CFTC'') and the Securities and Exchange Commission (``SEC'') issued joint final rules to permit the trading of futures contracts based on individual debt securities and indexes comprised of individual debt securities. The effective date for the joint rules is August 14, 2006. The present language of several CFTC rules is not fully consistent with the offer and trading of futures contracts based on debt securities. Therefore the CFTC is proposing to adopt several conforming amendments that clarify the applicability of the rules to futures contracts based on debt. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/00/07 NPRM Comment Period End 12/00/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Bruce Fekrat, Special Counsel, Division of Market Oversight, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581 Phone: 202 418-5578 Fax: 202 418-5527 Email: bfekrat@cftc.gov RIN: 3038-AC31 _______________________________________________________________________ 3354. EXEMPTION FROM FEDERAL SPECULATIVE POSITION LIMITS Priority: Substantive, Nonsignificant Legal Authority: 7 USC 6a CFR Citation: 17 CFR 150 Legal Deadline: None Abstract: In recent years, the Commission has received requests for exemption or relief from Federal speculative position limits, as various entities seek to gain commodity price exposure by tracking an index that contains, among other things, futures contracts that are subject to such limits. Commission staff is considering different approaches for providing relief or exemption to commodity-index-related futures positions from Federal speculative position limits. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/00/07 NPRM Comment Period End 09/00/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None [[Page 23445]] Agency Contact: Donald H. Heitman, Senior Special Counsel, Division of Market Oversight, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581 Phone: 202 418-5041 Fax: 202 418-5507 Email: dheitman@cftc.gov RIN: 3038-AC36 _______________________________________________________________________ 3355. [bull] REGISTRATION OF FUTURES COMMISSION MERCHANTS, INTRODUCING BROKERS, COMMODITY TRADING ADVISORS, COMMODITY POOL OPERATORS AND LEVERAGE TRANSACTION MERCHANTS Priority: Substantive, Nonsignificant Legal Authority: 7 USC 6f; 7 USC 6n; 7 USC 23 CFR Citation: 17 CFR 3.10 Legal Deadline: None Abstract: The Commission is proposing to re-institute a procedure that will require registered intermediaries, including futures commission merchants, introducing brokers, commodity pool operators, commodity trading advisors, and leverage transaction merchants, to review, on an annual basis, the registration information maintained with the National Futures Association. Registrants will be required to complete the update electronically in accordance with procedures to be established by the National Futures Association. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/00/07 NPRM Comment Period End 05/00/07 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Helene D. Schroeder, Special Counsel, Division of Clearing and Intermediary Oversight, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581 Phone: 202 418-5424 Fax: 202 418-5528 Email: hschroeder@cftc.gov RIN: 3038-AC37 _______________________________________________________________________ 3356. [bull] EXTENSION OF TIME FOR COMMODITY POOL OPERATORS TO FILE POOL ANNUAL REPORTS Priority: Substantive, Nonsignificant Legal Authority: 7 USC 6n CFR Citation: 17 CFR 4.7; 17 CFR 4.22 Legal Deadline: None Abstract: Registered commodity pool operators must prepare, distribute and file annual reports for each pool that they operate within 90 days of the end of the pool's fiscal year. Under Commission Regulation 4.22(f)(2), operators of pools that invest in other funds may claim an extension of an additional 60 days with respect to the annual report. The Commission is considering amending Regulation 4.22(f)(2) to increase the extension for annual reports of funds that invest in other funds from 60 to 90 days. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/00/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Eileen R. Chotiner, Futures Trading Specialist, Division of Clearing and Intermediary Oversight, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581 Phone: 202 418-5467 Fax: 202 418-5536 Email: echotiner@cftc.gov RIN: 3038-AC38 _______________________________________________________________________ 3357. [bull] TECHNICAL AND CLARIFYING AMENDMENTS TO PART 40 OF THE COMMISSION'S REGULATIONS Priority: Substantive, Nonsignificant Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat 2763 CFR Citation: 17 CFR 40 Legal Deadline: None Abstract: The Commission is proposing several technical and clarifying amendments to part 40 of the Commission's regulations to align the requirements of that part with the Commission's current regulatory practice and interpretations. The proposed amendments intend to accomplish, among other things, the following: (1) Clarify that registered entity rules, in general, must be implemented pursuant to the process for self-certification or pursuant to a request for Commission approval, (2) clarify that the rules and contracts of dormant registered entities will automatically be deemed dormant; (3) clarify that persons, other than governing board members, may declare emergencies on behalf of a designated contract market or derivatives transaction execution facility; (4) clarify the implementation time limits applicable to newly self-certified products and rules; (5) clarify the approval time limits applicable to certain agricultural rule changes; and (6) codify additional categories of rules that may be implemented without certification or notification because they are routine rules and rule amendments or are otherwise already reported to the Commission. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/07 NPRM Comment Period End 06/00/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Bruce Fekrat, Special Counsel, Division of Market Oversight, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581 Phone: 202 418-5578 Fax: 202 418-5527 Email: bfekrat@cftc.gov RIN: 3038-AC39 _______________________________________________________________________ 3358. [bull] PERIODIC REVISION OF FEDERALLY ESTABLISHED POSITION LIMITS Priority: Substantive, Nonsignificant Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat 2763 CFR Citation: 17 CFR 150 Legal Deadline: None Abstract: The Commission establishes speculative position limits for futures and options contracts based on various agricultural commodities in Commission regulation 150.2. Pursuant to its periodic position limits regulatory framework suitability review, and in [[Page 23446]] response to prevailing market conditions, the Commission proposes to update these limits for all single-month and all-months-combined positions. In addition, the Commission proposes certain conforming and technical amendments to part 150 of the Commission's regulations. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/07 NPRM Comment Period End 08/00/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Donald H. Heitman, Senior Special Counsel, Division of Market Oversight, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581 Phone: 202 418-5041 Fax: 202 418-5507 Email: dheitman@cftc.gov RIN: 3038-AC40 _______________________________________________________________________ Commodity Futures Trading Commission (CFTC) Completed Actions _______________________________________________________________________ 3359. LIMITATIONS ON WITHDRAWALS OF EQUITY CAPITAL Priority: Substantive, Nonsignificant CFR Citation: 17 CFR 1.12; 17 CFR 1.17 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 01/10/07 72 FR 1148 Final Action Effective 03/12/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Thelma Diaz Phone: 202 418-5137 Fax: 202 418-5536 Email: tdiaz@cftc.gov RIN: 3038-AC27 _______________________________________________________________________ 3360. CONFLICTS OF INTEREST IN SELF-REGULATION AND SELF-REGULATORY ORGANIZATIONS Priority: Substantive, Nonsignificant CFR Citation: 17 CFR part 38 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 02/14/07 72 FR 6936 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Rachel F. Berdansky Phone: 202 418-5641 Email: rberdansky@cftc.gov RIN: 3038-AC28 _______________________________________________________________________ 3361. ELECTRONIC FILING OF NOTICES OF EXEMPTION OR EXCLUSION UNDER PART 4 OF THE COMMISSION'S REGULATIONS Priority: Substantive, Nonsignificant CFR Citation: 17 CFR 4.5 ; 17 CFR 4.7; 17 CFR 4.12 to 4.14 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ NPRM 10/13/06 71 FR 60454 Final Action 01/16/07 72 FR 1658 Final Action Effective 02/15/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Eileen R. Chotiner Phone: 202 418-5467 Fax: 202 418-5536 Email: echotiner@cftc.gov RIN: 3038-AC33 _______________________________________________________________________ 3362. INTRODUCING BROKER ELECTRONIC FILING OF ANNUAL REPORTS Priority: Substantive, Nonsignificant CFR Citation: 17 CFR 1.10; 17 CFR 1.31 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 11/22/06 71 FR 67462 Final Action Effective 12/22/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Jennifer C.P. Bauer Phone: 202 418-5472 Fax: 202-418-5547 Email: jbauer@cftc.gov RIN: 3038-AC34 _______________________________________________________________________ 3363. ADVERTISING BY COMMODITY POOL OPERATORS, COMMODITY TRADING ADVISORS, AND THE PRINCIPALS THEREOF Priority: Substantive, Nonsignificant CFR Citation: 17 CFR 4.41 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 02/23/07 72 FR 8106 Final Action Effective 03/26/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Barbara S. Gold Phone: 202 418-5450 Fax: 202 418-5528 Email: bgold@cftc.gov RIN: 3038-AC35 [FR Doc. 07-01270 Filed 04-27-07; 8:45 am] BILLING CODE 6351-01-S