July 13, 2016

CFTC Staff Approves a Public Comment Extension for a Rule Amendment Certification Filing by ICE Futures U.S.

Washington, DC — The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) announced today that it has granted ICE Futures U.S. a 15-day extension of the public comment period and a 45-day extension of the stay period for Submission No. 16-67, dated June 1, 2016. ICE Futures U.S. had requested both extensions. Comments must be submitted on or before July 29, 2016. The extended stay will expire on October 28, 2016.

The original public comment period was scheduled to expire on July 14, 2016 and the stay on September 13, 2016. DMO stayed the filing based on Section 5c(c)(2) of the Commodity Exchange Act (CEA) and §40.6(c)(1) and §40.7(a)(2) of CFTC’s regulations. The stay is based on the premise that the submission presents novel or complex issues that require additional time to analyze and may be inconsistent with the CEA or CFTC regulations. Under the rule amendment certification, ICE Futures U.S. would clarify that parties to a block trade may engage in pre-hedging or anticipatory hedging of the position they believe in good faith will result from the consummation of the block trade, except for an intermediary that takes the opposite side of its own customer order.

Comments may be submitted electronically through the CFTC’s Comments Online Process. All comments will be posted on the CFTC’s website. The ICE Futures U.S. submission is available under Industry Filings.

Last Updated: July 13, 2016