Agency Information Collection Activities Under OMB Review: Notice of Intent To Renew Collection 3038-0054, Establishing Procedures for Entities Operating as Exempt Markets, 41498-41499 [07-3697]

Download as PDF 41498 Federal Register / Vol. 72, No. 145 / Monday, July 30, 2007 / Notices SAB Working Groups on Partnerships, Fire Weather Research, and Social Science. FOR FURTHER INFORMATION CONTACT: Dr. Cynthia Decker, Executive Director, Science Advisory Board, NOAA, Rm. 11230, 1315 East-West Highway, Silver Spring, Maryland 20910. (Phone: 301– 734–1156, Fax: 301–713–1459, E-mail: Cynthia.Decker@noaa.gov); or visit the NOAA SAB Web site at https:// www.sab.noaa.gov. Dated: July 23, 2007. Mark E. Brown Chief Financial Officer and Chief Administrative Officer, Office of Oceanic and Atmospheric Research, National Oceanic and Atmospheric Administration. [FR Doc. E7–14581 Filed 7–27–07; 8:45 am] BILLING CODE 3510–KD–P COMMODITY FUTURES TRADING COMMISSION Agency Information Collection Activities Under OMB Review Commodity Futures Trading Commission. ACTION: Notice. mstockstill on PROD1PC66 with NOTICES AGENCY: SUMMARY: In compliance with the Paperwork Reduction Act (44 U.S.C. 3501 et seq., this notice announces that the Information Collection Request (ICR) abstracted below has been forwarded to the Office of Management and Budget (OMB) for review and comment. The ICR describes the nature of the information collection and its expected costs and burden. DATES: Comments must be submitted on or before August 29, 2007. FOR FURTHER INFORMATION: Christopher W. Cummings, Division of Clearing and Intermediary Oversight, CFTC, (202) 418-5445; FAX: (202) 418-5426; e-mail: ccummings@cftc.gov and refer to OMB Control No. 3038–0049. SUPPLEMENTARY INFORMATION: Title: Procedural Requirements for Requests for Interpretative, No-Action, and Exemptive Letters (OMB Control No. 3038–0049). This is a request for extension of a currently approved information collection. Abstract: Commission Regulation 140.99 requires persons submitting requests for exemptive, no-action, and interpretative letters to provide specific written information, certified as to completeness and accuracy, and to update that information to reflect material changes. Regulation 140.99 was promulgated pursuant to the Commission’s rulemaking authority contained in section 8a(5) of the VerDate Aug<31>2005 22:24 Jul 27, 2007 Jkt 211001 Commodity Exchange Act, 7 U.S.C. 12a(5) (2000). Regulation 41.3 requires securities brokers and dealers submitting requests for exemptive orders to provide specified written information in support of such requests. Regulation 41.3 was promulgated in response to the requirement in the Commodity Futures Modernization Act of 2000 that the Commission establish procedures for requesting such orders. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid OMB control number. The OMB control numbers for the CFTC’s regulations were published on December 30, 1981. See 46 FR 63035 (Dec. 30, 1981). The Federal Register notice with a 60-day comment period soliciting comments on this collection of information was published on May 23, 2007 (72 FR 28959). Burden statement: The respondent burden for this collection is estimated to average 6 hours per response. These estimates include 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. Respondents/Affected Entities: Futures Commission Merchants, Introducing Brokers, Commodity Pool Operators, Commodity Trading Advisors, Associated Persons, Floor Brokers, Floor Traders, Securities Brokers and Dealers. Estimated number of respondents: 410. Estimated total annual burden on respondents: 3,197 hours. Frequency of collection: On occasion. Send comments regarding the burden estimated or any other aspect of the information collection, including suggestions for reducing the burden, to the addresses listed below. Please refer to OMB Control No. 3038–0049 in any correspondence. Christopher W. Cummings, Division of Clearing and Intermediary Oversight, U.S. Commodity Futures Trading Commission, 1155 21st Street, NW., Washington, DC 20581; and Office of Information and Regulatory Affairs, Office of Management and Budget, Attention: Desk Officer for CFTC, 725 17th Street, Washington, DC 20503. PO 00000 Frm 00007 Fmt 4703 Sfmt 4703 Dated: July 24, 2007. Eileen Donovan, Acting Secretary of the Commission. [FR Doc. 07–3696 Filed 7–27–07; 8:45 am] BILLING CODE 6351–01–M COMMODITY FUTURES TRADING COMMISSION Agency Information Collection Activities Under OMB Review: Notice of Intent To Renew Collection 3038– 0054, Establishing Procedures for Entities Operating as Exempt Markets Commodity Futures Trading Commission. ACTION: Notice. AGENCY: SUMMARY: In compliance with the Paperwork Reduction Act (44 U.S.C. 3501 et seq.), this notice announces that the Information Collection Request (ICR) abstracted below has been forwarded to the Office of Management and Budget (OMB) for review and comment. The ICR describes the nature of the information collection and the expected costs and burden; it includes the actual data collection instruments [if any]. DATES: Comments must be submitted on or before August 29, 2007. FOR FURTHER INFORMATION CONTACT: Riva Spear Adriance, Division of Market Oversight, U.S. Commodity Futures Trading Commission, 1155 21st Street, NW., Washington, DC 20581, (202) 418– 5494; FAX: (202) 418–5527; e-mail: radriance@cftc.gov and refer to OMB Control No. 3038–0054. SUPPLEMENTARY INFORMATION: Title: Establishing Procedures for Entities Operating as Exempt Markets, OMB Control No. 3038–0054. This is a request for extension of a currently approved information collection. Abstract: Sections 2(h)(3) through (5) of the Commodity Exchange Act (Act) provides that exempt commercial markets are markets excluded from the Act’s other requirements. The rules implement the qualifying conditions of the exemption. Rule 36.3(a) implements the notification requirements, and rule 36.3(b)(1) establishes information requirements for exempt commercial markets consistent with section 2(h)(5)(B) of the Act. An exempt commercial market may provide the Commission with access to transactions conducted on the facility or it can satisfy its reporting requirements by complying with the Commission’s reporting requirements. The Act affirmatively vests the Commission with comprehensive anti-manipulation enforcement authority over these trading facilities. The Commission is E:\FR\FM\30JYN1.SGM 30JYN1 mstockstill on PROD1PC66 with NOTICES Federal Register / Vol. 72, No. 145 / Monday, July 30, 2007 / Notices charged with monitoring these markets for manipulation and enforcing the antimanipulation provisions of the Act. The informational requirements imposed by proposed rules are designed to ensure that the Commission can effectively perform these functions. Section 5d of the Act establishes a category of market exempt from Commission oversight referred to as an ‘‘exempt board of trade.’’ Rule 36.2 implements regulations that define those commodities that are eligible to trade on an exempt board of trade. Rule 36.2(b) implements the notification requirements of section 5d of the Act. Rule 36.2(b)(1) requires exempt boards of trade relying on this exemption to disclose to traders that the facility and trading on the facility is not regulated by the Commission. This requirement is necessary to make manifest the nature of the market and to avoid misleading the public. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid OMB control number. The OMB control numbers for the CFTC’s regulations were published on December 30, 1981. See 46 FR 63035 (Dec. 30, 1981). The Federal Register notice with a 60-day comment period soliciting comments on this collection of information was published on May 22, 2007 (72 FR 28686). Burden statement: The respondent burden for this collection is estimated to average 20 hours per response. These estimates include 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. Respondents/Affected Entities: 20. Estimated number of responses: 20. Estimated total annual burden on respondents: 200 hours. Frequency of collection: On Occasion. Send comments regarding the burden estimated or any other aspect of the information collection, including suggestions for reducing the burden, to the addresses listed below. Please refer to OMB Control No. 3038–0054 in any correspondence. Riva Spear Adriance, Division of Market Oversight, U.S. Commodity Futures Trading Commission, 1155 21st Street, NW., Washington, DC 20581, and Office of VerDate Aug<31>2005 22:24 Jul 27, 2007 Jkt 211001 Information and Regulatory Affairs, Office of Management and Budget, Attention: Desk Officer for CFTC, 725 17th Street, Washington, DC 20503. Dated: July 24, 2007. Eileen A. Donovan, Acting Secretary of the Commission. [FR Doc. 07–3697 Filed 7–27–07; 8:45 am] BILLING CODE 6351–01–M COMMODITY FUTURES TRADING COMMISSION Agency Information Collection Activities Under OMB Review: Notice of Intent To Renew Collection 3038– 0055, Privacy of Consumer Financial Information Commodity Futures Trading Commission. ACTION: Notice. AGENCY: SUMMARY: In compliance with the Paperwork Reduction Act (44 U.S.C. 3501 et seq.), this notice announces that the Information Collection Request (ICR) abstracted below has been forwarded to the Office of Management and Budget (OMB) for review and comment. The ICR describes the nature of the information collection and its expected costs and burden; it includes the actual data collection instruments [if any]. DATES: Comments must be submitted on or before August 29, 2007. FOR FURTHER INFORMATION OR A COPY CONTACT: Lawrence B. Patent, Deputy Director, Division of Clearing and Intermediary Oversight, U.S. Commodity Futures Trading Commission, 1155 21st Street, NW., Washington, DC 20581, (202) 418–5439; FAX: (202) 418–5536; e-mail: lpatent@cftc.gov and refer to OMB Control No. 3038–0055. SUPPLEMENTARY INFORMATION: Title: Privacy of Consumer Financial Information, OMB Control No. 3038– 0055. This is a request for extension of a currently approved information collection. Abstract: Section 124 of the Commodity Futures Modernization Act of 2000 (‘‘CFMA’’) amended the Commodity Exchange Act (the ‘‘Act’’) and added a new Section 5g to the Act to make the Commission a Federal functional regulatory for purposes of applying the provisions of Title V, Subtitle A of the Gramm-Leach-Bliley Act (‘‘GLB Act’’) addressing consumer privacy to any futures commission merchant, commodity trading advisor, commodity pool operator or introducing broker that is subject to the Commission’s jurisdiction with respect PO 00000 Frm 00008 Fmt 4703 Sfmt 4703 41499 to any financial activity. In general, Title V requires financial institutions to provide notice to consumers about the institution’s privacy policies and practices, to restrict the ability of a financial institution to share nonpublic personal information about consumers to nonaffiliated third parties, and to permit consumers to prevent the institution from disclosing nonpublic personal information about them to certain non-affiliated third parties by ‘‘opting out’’ of that disclosure. These regulations implement the mandates of Section 124 and Title V of the GLB Act. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid OMB control number. The OMB control numbers for the CFTC’s regulations were published on December 30, 1981. See 46 FR 63035 (Dec. 30, 1981). The Federal Register notice with a 60-day comment period soliciting comments on this collection of information was published on May 22, 2007 (72 FR 28686). Burden statement: The respondent burden for this collection is estimated to average .27 hours per response. These estimates include 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. Respondents/Affected Entities: 4,500. Estimated number of responses: 342,000. Estimated total annual burden on respondents: 93,420 hours. Frequency of collection: On Occasion. Send comments regarding the burden estimated or any other aspect of the information collection, including suggestions for reducing the burden, to the addresses listed below. Please refer to OMB Control No. 3038–0055 in any correspondence. Lawrence B. Patent, Deputy Director, Division of Clearing and Intermediary Oversight, U.S. Commodity Futures Trading Commission, 1155 21st Street, NW., Washington, DC 20581, and Office of Information and Regulatory Affairs, Office of Management and Budget, Attention: Desk Officer for CFTC, 725 17th Street, Washington, DC 20503. E:\FR\FM\30JYN1.SGM 30JYN1

Agencies

[Federal Register Volume 72, Number 145 (Monday, July 30, 2007)]
[Notices]
[Pages 41498-41499]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 07-3697]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities Under OMB Review: Notice 
of Intent To Renew Collection 3038-0054, Establishing Procedures for 
Entities Operating as Exempt Markets

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: In compliance with the Paperwork Reduction Act (44 U.S.C. 3501 
et seq.), this notice announces that the Information Collection Request 
(ICR) abstracted below has been forwarded to the Office of Management 
and Budget (OMB) for review and comment. The ICR describes the nature 
of the information collection and the expected costs and burden; it 
includes the actual data collection instruments [if any].

DATES: Comments must be submitted on or before August 29, 2007.

FOR FURTHER INFORMATION CONTACT: Riva Spear Adriance, Division of 
Market Oversight, U.S. Commodity Futures Trading Commission, 1155 21st 
Street, NW., Washington, DC 20581, (202) 418-5494; FAX: (202) 418-5527; 
e-mail: radriance@cftc.gov and refer to OMB Control No. 3038-0054.

SUPPLEMENTARY INFORMATION: 
    Title: Establishing Procedures for Entities Operating as Exempt 
Markets, OMB Control No. 3038-0054. This is a request for extension of 
a currently approved information collection.
    Abstract: Sections 2(h)(3) through (5) of the Commodity Exchange 
Act (Act) provides that exempt commercial markets are markets excluded 
from the Act's other requirements. The rules implement the qualifying 
conditions of the exemption. Rule 36.3(a) implements the notification 
requirements, and rule 36.3(b)(1) establishes information requirements 
for exempt commercial markets consistent with section 2(h)(5)(B) of the 
Act. An exempt commercial market may provide the Commission with access 
to transactions conducted on the facility or it can satisfy its 
reporting requirements by complying with the Commission's reporting 
requirements. The Act affirmatively vests the Commission with 
comprehensive anti-manipulation enforcement authority over these 
trading facilities. The Commission is

[[Page 41499]]

charged with monitoring these markets for manipulation and enforcing 
the anti-manipulation provisions of the Act. The informational 
requirements imposed by proposed rules are designed to ensure that the 
Commission can effectively perform these functions. Section 5d of the 
Act establishes a category of market exempt from Commission oversight 
referred to as an ``exempt board of trade.'' Rule 36.2 implements 
regulations that define those commodities that are eligible to trade on 
an exempt board of trade. Rule 36.2(b) implements the notification 
requirements of section 5d of the Act. Rule 36.2(b)(1) requires exempt 
boards of trade relying on this exemption to disclose to traders that 
the facility and trading on the facility is not regulated by the 
Commission. This requirement is necessary to make manifest the nature 
of the market and to avoid misleading the public.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless it displays a 
currently valid OMB control number. The OMB control numbers for the 
CFTC's regulations were published on December 30, 1981. See 46 FR 63035 
(Dec. 30, 1981). The Federal Register notice with a 60-day comment 
period soliciting comments on this collection of information was 
published on May 22, 2007 (72 FR 28686).
    Burden statement: The respondent burden for this collection is 
estimated to average 20 hours per response. These estimates include 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.
    Respondents/Affected Entities: 20.
    Estimated number of responses: 20.
    Estimated total annual burden on respondents: 200 hours.
    Frequency of collection: On Occasion.
    Send comments regarding the burden estimated or any other aspect of 
the information collection, including suggestions for reducing the 
burden, to the addresses listed below. Please refer to OMB Control No. 
3038-0054 in any correspondence. Riva Spear Adriance, Division of 
Market Oversight, U.S. Commodity Futures Trading Commission, 1155 21st 
Street, NW., Washington, DC 20581, and Office of Information and 
Regulatory Affairs, Office of Management and Budget, Attention: Desk 
Officer for CFTC, 725 17th Street, Washington, DC 20503.

    Dated: July 24, 2007.
Eileen A. Donovan,
Acting Secretary of the Commission.
[FR Doc. 07-3697 Filed 7-27-07; 8:45 am]
BILLING CODE 6351-01-M
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