August 9, 2010

CFTC Seeks Public Comment on a Proposal to Amend the Requirements for Acknowledgment Letters

Washington, DC – The Commodity Futures Trading Commission (CFTC) today published in the Federal Register a proposal to amend CFTC regulations 1.20, 1.26 and 30.7. These regulations concern the acknowledgment letters that a futures commission merchant or derivatives clearing organization must obtain from any depository holding its segregated customer funds or funds of foreign futures or foreign options customers.

The proposal sets out standard template acknowledgment letters that reaffirm and clarify the obligations depositories incur when accepting segregated customer funds or funds of foreign futures or foreign options customers.

The CFTC seeks public comment on the proposal. The comment period will last 30 days following publication in the Federal Register. Copies may be obtained by accessing the Commission’s website, www.cftc.gov. Interested parties may submit their comments electronically to [email protected]. All comments received will be promptly posted on the Commission's website.

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Last Updated: August 9, 2010