[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: [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 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