2014-10325
Federal Register, Volume 79 Issue 87 (Tuesday, May 6, 2014)
[Federal Register Volume 79, Number 87 (Tuesday, May 6, 2014)]
[Notices]
[Page 25844]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-10325]
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COMMODITY FUTURES TRADING COMMISSION
Market Risk Advisory Committee
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice of establishment of the Market Risk Advisory Committee.
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SUMMARY: In accordance with the Federal Advisory Committee Act (FACA),
5 U.S.C. App. 2, the Commodity Futures Trading Commission (Commission)
announces the establishment of the Market Risk Advisory Committee
(MRAC). The Commission has determined that the establishment of MRAC is
necessary and in the public's interest. No earlier than fifteen (15)
days following the date of the publication of this notice, the MRAC
Charter will be filed with the Commission, the Senate Committee on
Agriculture, Nutrition and Forestry, the House Committee on
Agriculture, the Library of Congress, and the General Services
Administration's Committee Management Secretariat.
FOR FURTHER INFORMATION CONTACT: Heather C. Gottry, Commodity Futures
Trading Commission, Three Lafayette Centre, 1155 21st Street NW.,
Washington, DC 20581; (202) 418-5774.
SUPPLEMENTARY INFORMATION: The MRAC's purpose will be to advise the
Commission on matters of public concern to the Commission,
clearinghouses, exchanges, intermediaries, market makers, and end-users
regarding systemic issues that threaten the stability of the
derivatives markets and other financial markets, and to assist the
Commission in identifying and understanding the impact and implications
of an evolving market structure and movement of risk across
clearinghouses, intermediaries, market makers and end-users. The MRAC
will also monitor and advise the Commission on the effects that
developments in the structure of the derivatives markets have on the
systemic issues that threaten the stability of the derivatives markers
and other financial markets. Further, the MRAC will make
recommendations to the Commission on how to improve market structure
and mitigate risk to support the Commission's mission of ensuring the
integrity of the derivatives markets and monitoring and managing
systemic risk. The MRAC will be a continuing advisory committee with an
initial two-year term that will automatically expire two years from the
date of the charter filing, unless renewed prior to the expiration.
MRAC is expected to have approximately twenty to twenty-five (20-25)
members, including the Chair, with a high-level of expertise and
experience in the derivatives and financial markets and the
Commission's regulation of such markets, including from a historical
perspective. Membership in the MRAC is limited to the individuals
appointed and is non-transferrable. No person who is a Federally-
registered lobbyist may serve on the MRAC. MRAC members will not
receive compensation or travel reimbursements from the Commission.
Dated: May 1, 2014.
Melissa D. Jurgens,
Secretary of the Commission.
[FR Doc. 2014-10325 Filed 5-5-14; 8:45 am]
BILLING CODE 6351-01-P