2022-16826
[Federal Register Volume 87, Number 151 (Monday, August 8, 2022)]
[Notices]
[Pages 48161-48162]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-16826]
=======================================================================
-----------------------------------------------------------------------
COMMODITY FUTURES TRADING COMMISSION
Agricultural Advisory Committee
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice; request for nominations and topic submissions.
-----------------------------------------------------------------------
SUMMARY: The Commodity Futures Trading Commission (CFTC or Commission)
is requesting nominations for membership on the Agricultural Advisory
Committee (AAC or Committee) and is also inviting the submission of
potential topics for discussion at future Committee meetings. 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 and topics is
September 7, 2022.
ADDRESSES: Nominations and topics for discussion at future AAC meetings
should be emailed to [email protected] or sent by hand delivery or courier
to Brigitte Weyls, AAC Designated Federal Officer, Commodity Futures
Trading Commission, 77 West Jackson Blvd., Suite 800, Chicago, Illinois
60604. Please use the title ``Agricultural Advisory Committee'' for any
nominations or topics you submit. Submissions through the [email protected]
email address are encouraged.
FOR FURTHER INFORMATION CONTACT: Brigitte Weyls, AAC Designated Federal
Officer, at 312-596-0547 or email: [email protected].
SUPPLEMENTARY INFORMATION: The AAC was established to assist the
Commission in assessing issues affecting agricultural producers;
consumers; processors; lenders; other major market participants,
including derivatives intermediaries, buy-side representatives, and
exchanges; regulators, and others interested in or affected by the
agricultural derivatives markets through public meetings and Committee
reports and recommendations. The duties of the AAC are solely advisory
and include calling for reports and/or recommendations by the AAC or
AAC subcommittee(s), adopting reports and/or recommendations,
transmitting reports to the Commission, and making recommendations to
the Commission. Determinations of actions to be taken and policy to be
expressed with respect to the reports or recommendations of the AAC are
made solely by the Commission.
AAC members generally serve as representatives and provide advice
reflecting the views of organizations and entities that constitute the
structure of the agricultural derivatives markets. Depending on the
issues faced, the Commission may, from time to time, appoint experts to
serve as Special Government Employees (SGEs), or officials of other
Federal agencies to serve, on the AAC. If nominated, SGEs will be asked
to submit and complete a Confidential Financial Disclosure Report (OGE
Form 450). Historically, the AAC has had between 30-40 members
representing the following viewpoint categories: (i) agricultural
producers and/or direct and indirect users/consumers of agricultural
products; (ii) providers of agricultural credit; (iii) other major
market participants, including derivatives intermediaries, buy-side
representatives, and exchanges; (iv) regulators or representatives from
other relevant government agencies; and (v) academia or public interest
groups. The AAC has held approximately one meeting per year. AAC
members serve at the pleasure of the Commission. In addition, AAC
members do not receive compensation or honoraria for their services,
and they are not reimbursed for travel and per diem expenses.
The Commission seeks members who represent organizations or groups
with an interest in the AAC's mission and function and reflect a
balanced and representative sample of agricultural producers;
consumers; processors; lenders; other major market participants,
including derivatives intermediaries, buy-side representatives, and
exchanges; regulators, and others interested in or affected by the
agricultural derivatives markets. To advise the Commission effectively,
AAC members must have a high-level of expertise and experience in the
agricultural derivatives markets and the Commission's regulation of
such markets, including from a historical perspective. To the extent
practicable, the Commission will strive to select members reflecting
wide ethnic, racial, gender, and age representation. AAC members should
be open to participating in a public forum.
The Commission invites the submission of nominations for AAC
membership. Each nomination submission should include relevant
information about the proposed member, such as the individual's name,
title, and organizational affiliation, as well as information that
supports the individual's qualifications to serve on the AAC. The
submission should also include suggestions for topics for discussion at
future AAC meetings as well as the name and email or mailing address of
the person nominating the proposed member.
Submission of a nomination is not a guarantee of selection as a
member of the AAC. As noted in the AAC's Membership Balance Plan, the
CFTC identifies members for the AAC through a variety of methods. Such
methods may include public requests for nominations for membership;
recommendations sought from existing advisory committee members;
consultations with knowledgeable persons outside the CFTC (agricultural
producers, consumer groups, other market participants, state or Federal
government agencies, academia, etc.); requests to be represented
received from individuals and organizations; and Commissioners' and
CFTC staff's professional knowledge of those experienced in the
agricultural derivatives markets.
The office of the Commissioner primarily responsible for the AAC
plays a primary, but not exclusive, role in this process and makes
recommendations regarding membership to the Commission. The Commission,
by vote, authorizes proposed members to serve on the AAC.
The Commission also invites submissions from the public regarding
the topics on which the AAC should focus. In other words, topics that:
(a) Reflect matters of public concern to agricultural derivatives
markets, such as contract design, hedging effectiveness, price
discovery, customer protection, the role of intermediaries, exchange
rules; and/or
(b) Are important to otherwise assist the Commission in identifying
and understanding the impact and implications of the evolving market
structure of the agricultural derivatives markets.
[[Page 48162]]
Each topic submission should include the commenter's name and email
or mailing address.
(Authority: 5 U.S.C. App. II)
Dated: August 2, 2022.
Christopher Kirkpatrick,
Secretary of the Commission.
[FR Doc. 2022-16826 Filed 8-5-22; 8:45 am]
BILLING CODE 6351-01-P