2020-21396
[Federal Register Volume 85, Number 189 (Tuesday, September 29, 2020)]
[Notices]
[Pages 60980-60981]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-21396]
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COMMODITY FUTURES TRADING COMMISSION
Request for Nominations for a Subcommittee Under the Agricultural
Advisory Committee
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
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SUMMARY: The Commodity Futures Trading Commission (CFTC or Commission)
is requesting nominations for membership on the Subcommittee to
Evaluate Commission Policy with Respect to Implementation of Amendments
to Enumerated Agricultural Futures Contracts with Open Interest
(Subcommittee) under the Agricultural Advisory Committee
[[Page 60981]]
(AAC). The AAC is a discretionary advisory committee established by the
Commission in accordance with the Federal Advisory Committee Act.
DATES: The deadline for the submission of nominations is October 29,
2020.
ADDRESSES: Nominations should be emailed to [email protected] or sent by
post to Summer Mersinger, AAC Designated Federal Officer, Commodity
Futures Trading Commission, Three Lafayette Centre, 1155 21st Street
NW, Washington, DC 20581. Please use the title ``AAC Subcommittee'' for
any nominations you submit.
FOR FURTHER INFORMATION CONTACT: Summer Mersinger, AAC Designated
Federal Officer at (202) 418-6074 or email: [email protected].
SUPPLEMENTARY INFORMATION: The Subcommittee was established to provide
a report to the AAC that will make recommendations to the Commission on
policy related to its evaluation of implementation plans for amendments
to agricultural futures contracts with open interest. Within this
charge, the Subcommittee may consider, but is not limited to, the
following issues and topics:
The Commodity Exchange Act, regulations, and guidance
pertaining to Designated Contract Market (DCM) requests for Commission
approval of amendments to enumerated agricultural futures contracts
with open interest;
Recent history of Commission-approved amendments to
futures contracts, including the term or condition amended, ability of
that term or condition to impact the economic value of futures
positions, rationale provided by the DCM, date announced, and date
implemented;
Terms and conditions that could impact the economic value
of futures positions, what the Commission should consider in terms of
evaluating the implementation plans for those amendments, and whether
there could be best practices developed for implementation of any
amendments to those terms or conditions; and
Appropriate methods to make market participants and the
public aware of the potential for an enumerated agricultural futures
contract with open interest to be amended.
The Subcommittee will provide its report directly to the AAC and
will not provide reports and/or recommendations directly to the
Commission. The Subcommittee has no authority to make decisions on
behalf of the AAC, and no determination of fact or policy will be made
by the Subcommittee on behalf of the Commission.
Subcommittee members will generally serve as representatives and
provide advice reflecting the views of stakeholder organizations and
entities throughout the derivatives and financial markets. The
Subcommittee may also include regular government employees when doing
so furthers its purpose. It is anticipated that the Subcommittee will
hold at least three in-person or telephonic meetings. Subcommittee
members serve at the pleasure of the Commission. Subcommittee members
do not receive compensation or honoraria for their services, and they
are not reimbursed for travel and per diem expenses.
The Subcommittee members will include individuals who are members
of the AAC and/or other individuals. For these other individuals who
are not serving on the AAC currently, the Commission seeks nominations
of individuals from a wide range of perspectives, including from
industry, academia, the government, and public interest. To advise the
AAC effectively, Subcommittee members must have a high level of
expertise and experience with: Hedging practices in the agricultural
sector and/or trading in agricultural futures contracts, including a
familiarity with the terms and conditions of agricultural futures
contracts; the Commodity Exchange Act, Commission regulations, and
guidance thereunder. To the extent practicable, the Commission will
strive to select members reflecting wide ethnic, racial, gender, and
age representation.
The Commission invites the submission of nominations for
Subcommittee membership. Each nomination submission should include the
proposed member's name, title, organization affiliation and address,
email address and telephone number, as well as information that
supports the individual's qualifications to serve on the Subcommittee.
The submission should also include the name, email address, and
telephone number of the person nominating the proposed Subcommittee
member. Self-nominations are acceptable.
Submission of a nomination is not a guarantee of selection as a
member of the Subcommittee. As noted in the AAC's Membership Balance
Plan, the Commission seeks to ensure that the membership of a
subcommittee is balanced relative to the particular issues addressed by
the subcommittee in question. The AAC Sponsor, with the assistance of
the AAC Designated Federal Officer (DFO), identifies candidates for
Subcommittee membership. Following the identification, the candidates
who are not already serving on the AAC are submitted by the DFO to
appropriate CFTC Staff for review and then to the Commission for
approval.
(Authority: 5 U.S.C. App. II)
Dated: September 23, 2020.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2020-21396 Filed 9-28-20; 8:45 am]
BILLING CODE 6351-01-P