34802 Federal Register / Vol. 61, No. 129 / Wednesday, July 3, 1996 / Notices

1Rule 1.47 of the Coffee, Sugar & Cocoa

Exchange, Inc., permits a full or associate member

to lease his membership to another individual. Rule

1.47 states, among other things, that ‘‘a Full

Membership so leased shall be utilized for the

limited purpose of trading in commodity contracts

and an Associate Membership so leased shall be

utilized for the limited purpose of trading in

options on or subject to the Rules of the [Coffee,

Sugar & Cocoa Exchange, Inc.,] and in such other

contracts as may be specified by the Board from

time to time.’’

2The CSC proposal includes amended and newly

proposed definitions and amendments to existing

Rule 1.47.

3Under Exchange Rule 1.21, a partnership,

corporation, limited liability company, or other

entity is eligible to apply for member firm

privileges. Applicants for member firm privileges

must meet certain qualifying criteria and are subject

to approval by the Board of the Exchange.

4Under CSC Rule 1.14, a clearing member

guarantor is obligated to the Exchange and its

members for the performance, payment, and

discharge of all contracts, obligations, and liabilities

of the guaranteed member.

organizations will be maintained in the

Office of the Assistant Commissioner for

Trademarks.

Dated: June 26, 1996.

Bruce A. Lehman,

Assistant Secretary of Commerce and

Commissioner of Patents and Trademarks.

[FR Doc. 96–16938 Filed 7–2–96; 8:45 am]

BILLING CODE 3510–16–M

COMMODITY FUTURES TRADING

COMMISSION

Coffee, Sugar & Cocoa Exchange, Inc.,

Proposed Rule Amendments to

Require that Membership Lessees

Soliciting or Executing Customer

Orders Affiliate with Member Firms

AGENCY: Commodity Futures Trading

Commission.

ACTION: Notice of proposed rule

amendments of the Coffee, Sugar &

Cocoa Exchange, Inc., to require that

membership lessees soliciting or

executing customer orders affiliate with

member firms.1

SUMMARY: The Coffee, Sugar & Cocoa

Exchange, Inc., (‘‘CSC’’ or ‘‘Exchange’’)

has submitted proposed rule

amendments and other materials to

require that lessees soliciting or

executing customer orders affiliate with

member firms.2 Acting pursuant to the

authority delegated by Commission

Regulation 140.96, the Division of

Trading and Markets has determined to

publish the CSC proposal for public

comment. The Division believes that

publication of the CSC proposal is in the

public interest and will assist the

Commission in considering the views of

interested persons.

DATES: Comments must be received on

or before August 2, 1996.

FOR FURTHER INFORMATION CONTACT:

Clarence Sanders, Attorney, Division of

Trading and Markets, Commodity

Futures Trading Commission, Three

Lafayette Centre, 1155 21st Street NW,

Washington, DC 20581. Telephone:

(202) 418–5484.

SUPPLEMENTARY INFORMATION:

I. Description of Proposed Rule

Amendments

By a letter dated April 18, 1996, the

CSC submitted proposed rule

amendments pursuant to Section

5a(a)(12)(A) of the Commodity Exchange

Act (‘‘Act’’) and Commission Regulation

1.41(b). The proposed amendments

would require that lessees soliciting or

executing customer orders affiliate as

employees or principals of member

firms.3 Thus, the proposed affiliation

requirement would prohibit a lessee

from soliciting or executing customer

orders unless the lessee serves as an

employee or principal of a member firm.

The Exchange states that the purpose

of the proposed affiliation requirement

is ‘‘to [establish] a regulatory structure

in which a member firm is specifically

responsible for the lessee’s day to day

activities on the Exchange.’’ The

Exchange asserts that, as mandated by

the proposal, ‘‘the [member] firm with

which a lessee is affiliated is in the best

position to effectively supervise [the

lessee].’’

In further support of the proposal, the

Exchange states that a lessor typically

does not employ or have any other

relationship with the individual to

whom a membership is leased and, for

that reason, is not in a position to

effectively oversee a lessee’s trading

activities or practices. The Exchange

also notes that a clearing member

guarantor of a lessee is not well situated

to carry out supervisory responsibilities

over lessees because the guarantor is

functionally capable of monitoring a

lessee’s trading activity only after the

fact.4

The Exchange states that it proposes

to defer implementation of the proposal

‘‘in order to give the affected lessees and

floor brokerage firms sufficient time to

make appropriate arrangements and to

become member firms.’’ Thus, the

Exchange proposes to implement the

proposal on September 20, 1996.

II. Request for Comments

The Commission requests comments

on any aspect of the CSC’s proposed

rule amendments that members of the

public believe may raise issues under

the Act or Commission regulations. In

particular, the Commission requests

comments regarding the proposal’s

competitive effects, impact on

supervisory oversight of lessees, and

implementation schedule.

Copies of the proposed rule

amendments and related materials are

available for inspection at the Office of

the Secretariat, Commodity Futures

Trading Commission, Three Lafayette

Centre, 1155 21st Street NW,

Washington, DC 20581. Copies also may

be obtained through the Office of the

Secretariat at the above address or by

telephoning (202) 418–5100. Some

materials may be subject to confidential

treatment pursuant to 17 CFR 145.5 or

145.9.

Any person interested in submitting

written data, views, or arguments on the

proposed rule amendments should send

such comments to Jean A. Webb,

Secretary, Commodity Futures Trading

Commission, Three Lafayette Centre,

1155 21st Street NW, Washington, DC

20581, by the specified date.

Issued in Washington, DC, on June 27,

1996.

Alan L. Seifert,

Deputy Director.

[FR Doc. 96–16979 Filed 7–2–96; 8:45 am]

BILLING CODE 6351–01–P

DEPARTMENT OF DEFENSE

Office of the Secretary

Public Information Collection

Requirement Submitted to the Office of

Management and Budget (OMB) for

Review

ACTION: Notice.

The Department of Defense has

submitted to OMB for clearance, the

following proposal for collection of

information under the provisions of the

Paperwork Reduction Act (44 U.S.C.

Chapter 35).

Title and OMB Control Number:

Plebe-Parent Weekend Questionnaire.

Type of Request: New collection.

Number of Respondents: 1,203.

Responses Per Respondent: 1.

Annual Responses: 1,203.

Average Burden Per Response: 15

minutes.

Annual Burden Hours: 301.

Needs and Uses: The information

collected by this questionnaire is

utilized by the U.S. Military Academy to

improve the support provided parents of

cadets who attend this weekend

activity. Questions relate to parent

experiences during the event and their

insights into necessary improvements.

The answers are used to evaluate