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[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]

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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.

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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.

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                                                                                                          Estimated
              Respondents                                     Regulation (17 CFR)                         number of          Annual      Est. avg. hours
                                                                                                         respondents       responses      per  response
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Futures commission merchants and         33.7, 190.10(c), and 30.6...................................         190,422          224,659            50.57
 introducing brokers.
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[[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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