Agency Information Collection Activities: Approved Collection; Comment Request; Off-Exchange Agricultural Trade Options

COMMODITY FUTURES TRADING COMMISSION

RIN 3038-AB43

Agency Information Collection Activities: Approved Collection;

Comment Request; Off-Exchange Agricultural Trade Options

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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SUMMARY: In compliance with the Paperwork Reduction Act (44 U.S.C. 3501

et seq.), this notice announces that the Office of Management and

Budget (OMB) has approved the following collection of information: OMB

Control Number 3038-0048, Off-Exchange Agricultural Trade Options,

expiration date November 30, 2002.

FOR FURTHER INFORMATION CONTACT: Kimberly Browning, Commodity Futures

Trading Commission, 1155 21st Street, NW, Washington, DC 20581;

Telephone: (202) 418-5260, FAX (202) 418-5527, email

[email protected]; and refer to OMB Control Number 3038-0048.

Abstract: In April 1998, the CFTC removed the prohibition on off-

exchange trade options on the enumerated agricultural commodities

subject to a number of regulatory requirements. 63 FR 18821 (Apr. 16,

1998). This collection of information reflects the Commission's

subsequent action to streamline the regulatory and paperwork burdens in

order to increase the utility of agricultural trade options while

maintaining basic customer protections. Responses to the collection of

information are mandatory pursuant to Section 4c(b) of the Commodity

Exchange Act.

The estimated average burden of the collection is as follows:

Estimated number of respondents: 3,605.

Estimated total of annual responses: 4,115.

Estimated total number of hours of annual burden in fiscal year:

23,015.

Estimated average number of hours per response: 5.59.

The Commission welcomes comments concerning the accuracy of this

burden estimated and any suggestions for reducing the burden.

ADDRESSES: Send comments to Barbara W. Black, Commodity Futures Trading

Commission, 1155 21st Street, NW, Washington DC 20581; telephone (202)

418-5130; FAX (202) 418-5541; email [email protected].

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 August 31, 1999 (64 FR 47452).

Issued by the Commission in Washington, DC, on December 6, 1999.

Jean A. Webb,

Secretary of the Commission.

[FR Doc. 99-32030 Filed 12-9-99; 8:45 am]

BILLING CODE 6351-01-M