Agency Information Collection Activities Under OMB Review

COMMODITY FUTURES TRADING COMMISSION

RIN 3038-ZA02

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 costs and burden; it

includes the actual data collection instruments [if any].

DATES: Comments must be submitted on or before January 18, 2000.

FOR FURTHER INFORMATION CONTACT: Gina Lightfoot Walker at CFTC, (202)

418-5121; FAX: (202) 418-5524; email: [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. Section 21(h)(2)

(1994). 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 September 1, 1999 (64 FR 47773).

Burden statement: the respondent burden for this collection is

estimated to average 1.42 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: 22.

Estimated number of responses: 89.

Estimated total annual burden on respondents: 126 hours.

Frequency of collection: On occasion.

Send comments regarding the burden estimated or any 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.

Gina Lightfoot Walker, 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 Office for CFTC, 725 17th Street, Washington,

DC 20503.

Issued in Washington, DC on December 13, 1999.

Jean A. Webb,

Secretary of the Commission.

[FR Doc. 99-32728 Filed 12-16-99; 8:45 am]

BILLING CODE 6351-01-M