Market regulation · 20/05/1999

Public Information Collection Requirement

The Commodity Futures Trading Commission is planning to renew information collection 3038-0033, Regulation Governing Notification of Legal Proceedings, which is due to expire September 30, 1999. The information collected pursuant to this rule is designed to assist the Commission in monitoring legal proceedings involving the responsibilities imposed on contract markets and their officials and futures commission merchants and their principals by the Commodity Exchange Act, the Commission's enabling legislation, or otherwise. 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 of those who are to respond, including through the use of appropriate automated, e