Comment Text:
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. 21(h)(2). 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 Commodity
Exchange Act or are necessary to the type of appellate review role
Congress intended the Commission to undertake when it adopted that
provision. Because the number of respondents, responses per respondent,
and time per response has not changed, this renewal does not change the
reporting burden for this collection.
(Authority: 44 U.S.C. 3501 et
