98-25621. Public Information Collection Requirement

[Federal Register Volume 63, Number 185 (Thursday, September 24, 1998)]
[Notices]
[Pages 51059-51060]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-25621]


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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 3038-0013: 
Exemptions from Speculative Limits.

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SUMMARY: The Commodity Futures Trading Commission is planning to renew 
information collection 3038-0013, Exemptions from Speculative Limits, 
which is due to expire February 28, 1999. Section 4a(1) of the 
Commodity Exchange Act (Act) allows the Commission to set speculative 
limits in any commodity for futures delivery in order to prevent 
excessive speculation. Certain sections of the Act and/or the 
Commission's Regulations allow exemptions from the speculative limits 
for persons using the market for hedging and, under certain 
circumstances, for commodity pool operators and similar traders. 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 responses.

DATES: Comments must be received on or before November 23, 1998.

ADDRESSES: Persons wishing to comment on this information collection 
should contact the CFTC Clearance Officer, 1155 21st Street NW, 
Washington, DC 20581, [phone].
    Title: Exemptions from Speculative Limits
    Control Number: 3038-0013
    Action: Extension
    Respondents: Traders
    Estimated Annual Burden: 36

[[Page 51060]]



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                                                                                                      Estimated
                                                                          Estimated      Annual        average
               Respondents                     Regulation (17 CFR)        number of     responses    hours, per
                                                                         respondents                  response
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Traders..................................  1.47, 1.40 and Part 150....           12            12            36
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    Issued in Washington, DC on September 21, 1998.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 98-25621 Filed 9-23-98; 8:45 am]
BILLING CODE 6351-01-M