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[Federal Register: December 15, 2000 (Volume 65, Number 242)]
[Notices]
[Page 78474-78475]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr15de00-39]

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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent to
Renew Collection 3038-0016, Compliance With Requirements for
Designation as a Contract Market

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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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
compliance for requirements for designation as a contract market.

DATES: Comments must be submitted on or before February 13, 2001.

ADDRESSES: Comments may be mailed to Lamont L. Reese, Division of
Economic Analysis, U.S. Commodity Futures Trading Commission, 1155 21st
Street, NW, Washington, DC 20581.

FOR FURTHER INFORMATION CONTACT: Lamont L. Reese (202) 418-5310; FAX:
(202) 418-5527; email: [email protected].

SUPPLEMENT 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 USC 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 USC 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:
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-         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.      

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    Compliance with Requirements for Designation as a Contract Market,
OMB control number 3038-0016--Extension
    Under Commission Rules 1.50 and 5.2, contract markets must
demonstrate that they continue to meet the

[[Page 78475]]

designation requirements contained in the Commodity Exchange Act, 7
U.S.C. 1, et seq., and that contract markets, prior to listing trading
months for a then-dormant contract, submit a justification showing that
the terms and conditions of the contract are in conformance with
current commercial practices and that the contract can be expected to
serve an economic purpose. These rules are promulgated pursuant to the
Commission's rulemaking authority contained in Sections 5 and 5a of the
Commodity Exchange Act, 7 U.S.C. 7 and 7a (1994).
    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          Frequency of response             responses         response       Total hours
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1.50; 5.2....................................              11   On occasion..........................               2              250              500
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    There are no capital costs or operating and maintenance costs
associated with this collection.
    This estimate is based on the number of requests or such letters in
the last three years. Although the burden varies with the type, size,
and complexity of the request submitted, such request may involve
analytical work and analysis, as well as the work of drafting the
request itself.

    Dated: December 12, 2000.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 00-32016 Filed 12-14-00; 8:45 am]
BILLING CODE 6351-01-M
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