[Federal Register: May 22, 2009 (Volume 74, Number 98)]
[Proposed Rules]
[Page 23964-23965]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr22my09-12]
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COMMODITY FUTURES TRADING COMMISSION
17 CFR Part 150
RIN 3038-AC40
Concept Release on Whether To Eliminate the Bona Fide Hedge
Exemption for Certain Swap Dealers and Create a New Limited Risk
Management Exemption From Speculative Position Limits
AGENCY: Commodity Futures Trading Commission.
ACTION: Extension of comment period.
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SUMMARY: On March 24, 2009, the Commodity Futures Trading Commission
(``Commission'') published a concept release on whether to eliminate
the bona fide hedge exemption for certain swap dealers and create a new
limited risk management exemption from speculative position limits.
Comments on the proposal were originally due by May 26, 2009. Now, at
the request of interested parties, the Commission is extending the
comment period to June 16, 2009.
DATES: Comments must be received by June 16, 2009.
ADDRESSES: Written comments should be sent to David Stawick, Secretary,
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st
Street, NW., Washington, DC 20581. Comments may also be sent by
facsimile to (202) 418-5521, submitted via e-mail to
[email protected]. The words, ``Concept Release, Swap Dealers'' should
appear in the subject field of responses submitted via e-mail, and
should be clearly indicated in written submissions. Comments may also
be submitted by connecting to the Federal eRulemaking Portal at: http://frwebgate.access.gpo.gov/cgi-bin/leaving.cgi?from=leavingFR.html&log=linklog&to=http://www.regulations.gov http:/
/www.regulations.gov and following comment submission instructions.
FOR FURTHER INFORMATION CONTACT: Donald H. Heitman, Senior Special
Counsel, Division of Market Oversight, Commodity Futures Trading
Commission, Three Lafayette Centre, 1155 21st Street, NW., Washington,
DC 20581, telephone (202) 418-5041, e-mail [email protected].
SUPPLEMENTARY INFORMATION: On March 24, 2009, the Commission published
and sought public comment regarding a concept release on whether to
eliminate the bona fide hedge exemption for certain swap dealers and
create a new limited risk management exemption from speculative
position limits.
By letters dated May 12, 2009, the Futures Industry Association and
the CME Group, Inc., respectively, requested that the original comment
period be extended to June 16, 2009. Recognizing the significance of
the issues raised in the Concept Release, and to encourage the
submission of meaningful comments, the Commission has decided to grant
the requests. The comment period for the Commission's Concept Release
on Whether to Eliminate the Bona Fide Hedge Exemption for Certain Swap
Dealers and Create a New Limited Risk Management Exemption from
Speculative Position Limits is hereby extended to June 16, 2009.
[[Page 23965]]
Issued in Washington, DC, on May 18, 2009, by the Commission.
David A. Stawick,
Secretary of the Commission.
[FR Doc. E9-12000 Filed 5-21-09; 8:45 am]
Last Updated: May 9, 2012