[Federal Register: February 5, 1999 (Volume 64, Number 24)] [Notices] [Page 5776-5777] From the Federal Register Online via GPO Access [wais.access.gpo.gov] [DOCID:fr05fe99-47] ======================================================================= ----------------------------------------------------------------------- COMMODITY FUTURES TRADING COMMISSION Public Information Collection Requirement AGENCY: Commodity Futures Trading Commission. ACTION: Notice of intent to renew information collection 3038-0007: Rules Related to Risk Disclosure Concerning Exchange Traded Commodity Futures and Options. ----------------------------------------------------------------------- SUMMARY: The Commodity Futures Trading Commission is planning to renew information collection 3038-0007, Rules Related to Risk Disclosure Concerning Exchange Traded Commodity Futures and Options, which is due to expire June 30, 1999. The rules require futures commission merchants and introducing brokers to provide their customers with standard risk disclosure statements concerning the risk of trading commodity interests. 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. This information collection contains the recordkeeping and reporting requirements needed to ensure regulatory compliance with Commission rules relating to this issue. In compliance with the Paperwork Reduction Act of 1995, the Commission solicits comments to: (1) Evaluate whether the collection of information is necessary for the proper performance of the functions of the agency, including the validity of the methodology and assumptions used; (2) Evaluate the accuracy of the agency's estimate of the burden of the collection of information including the validity of the methodology and assumptions used; (3) Enhance the quality, utility, and clarity of the information to be collected; and (4) Minimize the burden of the collection of the 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 response. DATES: Comments must be received on or before April 6, 1999. ADDRESSES: Persons wishing to comment on this information collection should contact the CFTC Clearance Officer, 1155 21st Street NW, Washington, DC 20581, (202) 418-5160. Title: Rules Related to Risk Disclosure Concerning Exchange Traded Commodity Futures and Options. Control Number: 3038-0007. Action: Extension. Respondents: Futures commission merchants and introducing brokers. Estimated Annual Burden: 40,897. -------------------------------------------------------------------------------------------------------------------------------------------------------- Estimated Respondents Regulation (17 CFR) number of Annual Est. avg. hours respondents responses per response -------------------------------------------------------------------------------------------------------------------------------------------------------- Futures commission merchants and 33.7, 190.10(c), and 30.6................................... 190,422 224,659 50.57 introducing brokers. -------------------------------------------------------------------------------------------------------------------------------------------------------- [[Page 5777]] Issued in Washington, D.C. on February 1, 1999. Jean A. Webb, Secretary of the Commission. [FR Doc. 99-2753 Filed 2-4-99; 8:45 am] BILLING CODE 6351-01-M
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