FR Doc E8-2953[Federal Register: February 15, 2008 (Volume 73, Number 32)]
[Notices]
[Page 8856]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr15fe08-38]
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COMMODITY FUTURES TRADING COMMISSION
Notice; Establishment of Energy Markets Advisory Committee
The Commodity Futures Trading Commission has determined to
establish a new advisory committee, the Energy Markets Advisory
Committee. The purpose of the committee is to conduct public meetings,
to submit reports and recommendations to the Commission, and otherwise
to serve as a vehicle for discussion and communication on matters of
concern to exchanges, firms, end users and regulators regarding energy
markets and their regulation by the Commission. The Energy Markets
Advisory Committee will have no operational responsibilities. The
Commission will seek to achieve a balanced membership by appointing
representatives of a cross section of the groups and interests involved
in or affected by the Commission's actions in the energy area.
The charter of the Energy Markets Advisory Committee will become
effective upon its filing pursuant to 5 U.S.C. App. 2 Sec. 9(c). The
Commission expects to file the charter promptly upon completion of the
15 day notice period specified by 41 CFR 102-3.65(b).
The Commission has determined that establishment of the Energy
Markets Advisory Committee is in the public interest and is necessary
to enable the Commission to carry out its responsibilities in the most
effective and responsive manner. Since the enactment of the Commodity
Futures Modernization Act of 2000, there have been important new
developments in energy markets that create a need for consideration of
adjustments in current regulatory and legislative approaches to ensure
that the Commission has the means to protect market integrity and
competition, while preserving opportunities for innovation and
increases in efficiency. This is particularly true in light of evidence
that some of the newer energy markets that have emerged since the
Modernization Act have taken on some of the characteristics and price-
discovery functions of traditional futures markets. Moreover, there is
every reason to expect that both the importance of markets for managing
risks associated with the price and availability of energy and
innovation in the structure and operation of such markets will continue
to expand, raising new regulatory issues in the future. In these
circumstances, an advisory committee focused on energy markets will
significantly advance the Commission's ability to carry out its
mission.
Interested persons may obtain information by writing to the
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st
Street, NW., Washington, DC 20581.
Issued in Washington, DC on February 11, 2008, by the
Commission.
David A. Stawick,
Secretary of the Commission.
[FR Doc. E8-2953 Filed 2-14-08; 8:45 am]
BILLING CODE 6351-01-P
Last Updated: February 15, 2008