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[Federal Register: April 26, 2006 (Volume 71, Number 80)]
[Notices]
[Page 24649-24650]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr26ap06-47]

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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities Under OMB Review

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice; Information Collection 3038-0043, Rules Relating to
Review of National Futures Association Decisions in Disciplinary,
Membership Denial, Registration, and Member Responsibility Actions.

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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

[[Page 24650]]

costs and burden; it includes the actual data collection instruments
[if any].

DATES: Comments must be submitted on or before May 26, 2006.

FOR FURTHER INFORMATION CONTACT: Gail B. Scott at CFTC, (202) 418-5139;
FAX: (202) 418-5524; e-mail: [email protected] and refer to OMB Control
No. 3038-0043.

SUPPLEMENTARY INFORMATION:
    Title: Rules Relating to Review of National Futures Association
Decisions in Disciplinary, Membership Denial, Registration, and Member
Responsibility Actions, OMB Control No. 3038-0043. This is a request
for extension of a currently approved information collection.
    Abstract: 17 CFR part 171 rules require a registered futures
association to provide fair and orderly procedures for membership and
disciplinary actions. The Commission's review of decisions of
registered futures associations in disciplinary, membership denial,
registration, and member responsibility actions is governed by section
17(h)(2) of the Commodity Exchange Act, 7 U.S.C. 21(h)(2). The rules
establish procedures and standards for Commission review of such
actions, and the reporting requirements included in the procedural
rules are either directly required by section 17 of the Act or are
necessary to the type of appellate review role Congress intended the
Commission to undertake when it adopted that provision.
    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 February 8, 2006 (71 FR 6455).
    Burden statement: The respondent burden for this collection is
estimated to average .5 hours per response. This estimate includes 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: 25.
    Estimated number of responses: 51.3.
    Estimated total annual burden on respondents: 25.6 hours.
    Frequency of collection: On occasion.
    Send comments regarding the burden estimated or nay other aspect of
the information collection, including suggestions for reducing the
burden, to the addresses listed below. Please refer to OMB Control No.
3038-0043 in any correspondence.
    Gail B. Scott, Office of General Counsel, 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 the CFTC, 725 17th Street, NW., Washington,
DC 20503.

    Dated: Issued in Washington, DC, on April 20, 2006.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 06-3925 Filed 4-25-06; 8:45 am]

BILLING CODE 6351-01-M
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