FR Doc E8-23220[Federal Register: October 2, 2008 (Volume 73, Number 192)]
[Notices]
[Page 57338-57339]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr02oc08-40]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notification of Pending
Legal Proceedings Pursuant to Regulation
AGENCY: Commodity Futures trading commission.
ACTION: Renewal of an existing collection--3038-0033.
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SUMMARY: The Commodity Futures Trading Commission (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 the rule
requiring notification of pending legal proceedings pursuant to 17 CFR
1.60.
DATES: Comments must be submitted on or before December 1, 2008.
ADDRESSES: Comments may be mailed to Lynn A. Bulan, Office of the
General Counsel, U.S. Commodity Futures Trading Commission, 1155 21st
Street, NW., Washington, DC 20581.
FOR FURTHER INFORMATION CONTACT: Lynn A. Bulan, (202) 418-5143; FAX:
(202) 418-5567; e-mail: [email protected].
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 proposed 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.
Notification of Pending Legal Proceedings Pursuant to 17 CFR 1.60, OMB
Control Number 3038-0033--Extension
The rule is designed to assist the Commission in monitoring legal
proceedings involving the responsibilities imposed on contract markets
and their officials and futures commission merchants and their
principals by the Commodity Exchange Act, or otherwise.
[[Page 57339]]
The Commission's rules require futures commission merchants and
introducing brokers: (1) To provide their customers with standard risk
disclosure statements concerning the risk of trading commodity
interests; and (2) to retain all promotional material and the source of
authority for information contained therein. The purpose of these rules
is to ensure that customers are advised of the risks of trading
commodity interests and to avoid fraud and misrepresentation. In
addition, the Commission's rules impose obligations on contract markets
that are designed to avoid manipulation and fraud. In order to ensure
compliance with these rules, the Commission requires the information
whose collection and dissemination is required under 17 CFR 1.60.
The Commission estimates the burden of this collection of
information as follows:
Estimated Annual Reporting Burden
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Annual number Total annual Hours per
17 CFR section of respondents responses response Total hours
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1.60.................................... 235 1 .10 .10
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There are no capital costs or operating and maintenance costs
associated with this collection.
Dated: September 26, 2008.
David Stawick,
Secretary of the Commission.
[FR Doc. E8-23220 Filed 10-1-08; 8:45 am]
BILLING CODE 6351-01-P
Last Updated: October 2, 2008