[December 13, 2004 (Volume 69, Number 238)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID: f:ua041247.wais]
[Page 74092-74097]
Commodity Futures Trading Commission
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Part XLVII
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Semiannual Regulatory Agenda
[[Page 74092]]
COMMODITY FUTURES TRADING COMMISSION (CFTC)
_______________________________________________________________________
COMMODITY FUTURES TRADING COMMISSION
17 CFR Ch. I
Regulatory Flexibility Agenda
AGENCY: Commodity Futures Trading Commission.
ACTION: Semiannual regulatory agenda.
_______________________________________________________________________
SUMMARY: The Commodity Futures Trading Commission, in accordance with
the requirements of the Regulatory Flexibility Act, is publishing a
semiannual agenda of significant rules that the Commission expects to
propose or promulgate over the next year. The Commission welcomes
comments from small entities and others on the agenda.
FOR FURTHER INFORMATION CONTACT: Eileen A. Donovan, Assistant Secretary
for FOIA Matters, Commodity Futures Trading Commission, 1155 21st
Street NW., Washington, DC 20581, (202) 418-5096, [email protected].
SUPPLEMENTARY INFORMATION: The Regulatory Flexibility Act, 5 U.S.C.
601, et seq. (RFA), sets forth a number of requirements for agency
rulemaking. Among other things, the RFA requires that:
Semiannually, each agency shall publish in the Federal Register
a regulatory flexibility agenda that shall contain:
(1) A brief description of the subject area of any rule that
the agency expects to propose or promulgate, which is likely to
have a significant economic impact on a substantial number of small
entities;
(2) A summary of the nature of any such rule under
consideration for each subject area listed in the agenda pursuant
to paragraph (1), the objectives and legal basis for the issuance
of the rule, and an approximate schedule for completing action on
any rule for which the agency has issued a general notice of
proposed rulemaking; and
(3) The name and telephone number of an agency official
knowledgeable about the items listed in paragraph (1). 5 U.S.C.
602(a).
The Commission has prepared an agenda of significant rules
that it presently expects may be considered during the course of
the next year. These rules may have some impact on small
entities.\1\ In this regard, section 602(d) of the RFA, 5 U.S.C.
602(d), provides: ``Nothing in [section 602] precludes an agency
from considering or acting on any matter not included in a
regulatory flexibility agenda or requires an agency to consider or
act on any matter listed in such agenda.''
The Commission's fall 2004 regulatory flexibility agenda is
set forth below.
Issued in Washington, DC, on September 30, 2004, by the
Commission.
Jean A. Webb,
Secretary of the Commission.
\1\ The Commission published its definition of small entity to be used
in connection with rulemaking proceedings on April 30, 1982 (47 FR
18618). Pursuant to that definition, the Commission is not required to
list many of the agenda items contained in this regulatory flexibility
agenda. (See 5 U.S.C. 602(a)(1)). Moreover, the Commission has
previously certified, pursuant to section 605 of the RFA, 5 U.S.C. 605,
that certain items contained in this agenda will not have a significant
economic impact on a substantial number of small entities. Accordingly,
the listing of a rule in this regulatory flexibility agenda should not,
in any event, be taken as a determination that a rule, when proposed or
promulgated, will in fact require a regulatory flexibility analysis.
However, the Commission hopes that the publication of an agenda that
includes significant rules, regardless of their potential impact on
small entities, may serve the public generally by providing an early
and meaningful opportunity to participate in and comment on the
formulation of new or revised regulations. In addition to publishing
the regulatory flexibility agenda, the Commission also makes available
to the public, on a monthly basis, a calendar and, on a weekly basis,
posts an advisory on its website (http://www.cftc.gov) that lists rules
that the Commission is considering or will consider in the near future.
Commodity Futures Trading Commission--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
3798 Offering and Selling Security Futures Products Traded on Foreign Boards of Trade to 3038-AB75
United States Persons; Requirements for Foreign Stock Index Contracts To Qualify as
Non-Narrow-Based Indices..............................................................
3799 Interagency Proposal To Consider Alternative Forms of Privacy Notices Under the Gramm- 3038-AC04
Leach-Bliley Act......................................................................
3800 Haircuts on Foreign Currency.......................................................... 3038-AC05
3801 Rules Relating to Review of National Futures Association Decisions in Disciplinary, 3038-AC12
Membership Denial, Registration, and Member Responsibility Actions....................
3802 Investment of Customer Funds and Record of Investments................................ 3038-AC15
3803 Customer Permission for FCMs To Take the Opposite Side of an Order.................... 3038-AC16
3804 Guidance on Clearing of Over-The-Counter Options on Exempt Commodities by a Designated 3038-AC17
Contract Market.......................................................................
----------------------------------------------------------------------------------------------------------------
Commodity Futures Trading Commission--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
3805 Collection of Claims Owed the United States Arising from Activities Under the 3038-AC03
Commission's Jurisdiction.............................................................
3806 Execution of Off-Centralized Market Transactions: Regulation 1.38 and Guidance on Core 3038-AC07
Principle 9...........................................................................
3807 Reporting Levels and Trades Involving the Exchange of Futures......................... 3038-AC08
3808 Application Procedures for Registration as a Derivatives Transaction Execution 3038-AC14
Facility or Designation as a Contract Market..........................................
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[[Page 74093]]
Commodity Futures Trading Commission--Completed Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
3809 Registration Exemptions Pertaining to the Offer and Sale of Foreign Futures and 3038-AB45
Foreign Options Contracts to Customers Located in the United States...................
3810 Minimum Financial Requirements for Futures Commission Merchants and Introducing 3038-AB64
Brokers...............................................................................
3811 Information Access and Price Transparency For Exempt Commercial Markets............... 3038-AC02
3812 Adjustment of Civil Monetary Penalties for Inflation.................................. 3038-AC13
----------------------------------------------------------------------------------------------------------------
_______________________________________________________________________
Commodity Futures Trading Commission (CFTC) Proposed Rule Stage
_______________________________________________________________________
3798. OFFERING AND SELLING SECURITY FUTURES PRODUCTS TRADED ON FOREIGN
BOARDS OF TRADE TO UNITED STATES PERSONS; REQUIREMENTS FOR FOREIGN STOCK
INDEX CONTRACTS TO QUALIFY AS NON-NARROW-BASED INDICES
Priority: Substantive, Nonsignificant
Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat
2763
CFR Citation: Not Yet Determined
Legal Deadline: Other, Statutory, December 21, 2001, Within one year
after the date of enactment of the Commodity Futures Modernization Act
of 2000.
Abstract: The Commission and the Securities and Exchange Commission are
required to jointly issue: (1) rules, regulations, or orders as are
necessary and appropriate to permit the offer and sale of security
futures products traded on or subject to the rules of a foreign board
of trade to United States persons, and (2) rules and regulations that
set forth the requirements for foreign stock index contracts to qualify
as non-narrow-based indices.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 01/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Andrew V. Chapin, Attorney Advisor, Division of
Clearing and Intermediary Oversight, Commodity Futures Trading
Commission, Three Lafayette Centre, 1155 21st Street NW., Washington,
DC 20581
Phone: 202 418-5465
Fax: 202 418-5536
Email: [email protected]
Thomas M. Leahy Jr., Associate Director for Product Review, Division of
Market Oversight, Commodity Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5278
Email: [email protected]
Related RIN: Related to 3038-AB78
RIN: 3038-AB75
_______________________________________________________________________
3799. INTERAGENCY PROPOSAL TO CONSIDER ALTERNATIVE FORMS OF PRIVACY
NOTICES UNDER THE GRAMM-LEACH-BLILEY ACT
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 7 USC 7b-2; 7 USC 12a(5); 15 USC 6801 et seq
CFR Citation: 17 CFR 160
Legal Deadline: None
Abstract: Subtitle A of the Gramm-Leach-Bliley Act (GLB Act), captioned
Disclosure of Nonpublic Personal Information (15 U.S.C. 6801 et seq.),
requires each financial institution to provide a notice of its privacy
policies and practices to its consumer customers. In general, the
privacy notices must describe a financial institution's policies and
practices with respect to disclosing nonpublic personal information
about a consumer to both affiliated and nonaffiliated third parties,
and provide a consumer a reasonable opportunity to direct the
institution not to share nonpublic personal information about the
consumer with nonaffiliated third parties. The GLB Act agencies,
including CFTC, have published substantially identical regulations to
implement GLB title V, known collectively as the ``privacy rule.'' Many
notices issued under the privacy rule were long and complex, and
difficult to compare with each other. Consequently, GLB Act agencies
are considering whether to amend the privacy rule to provide for
simpler, more useful notices. The GLB Act agencies intend to issue an
advance notice of proposed rulemaking to determine whether to propose
changes to the privacy rule, and if so, will seek further public
comment on specific programs. Six of the eight GLB Act agencies have
entered into a memorandum of understanding through which they intend to
contract with a consumer testing firm. CFTC is not a party to the MOU.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
ANPRM 12/30/03 68 FR 75164
ANPRM Comment Period End 03/29/04
NPRM 11/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: Federal
Agency Contact: Laura M. Richards, Senior Assistant General Counsel,
Office of General Counsel, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5126
Fax: 202 418-5524
Email: [email protected]
David Jacobsohn, Counsel, Office of General Counsel, Commodity Futures
Trading Commission, Three Lafayette
[[Page 74094]]
Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5161
Email: [email protected]
RIN: 3038-AC04
_______________________________________________________________________
3800. HAIRCUTS ON FOREIGN CURRENCY
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 7 USC 6f(b)
CFR Citation: 17 CFR 1.17
Legal Deadline: None
Abstract: The Commission is proposing to amend regulations that specify
required capital charges, or exclusions from net capital, to be
deducted by futures commission merchants (FCMs) and introducing brokers
(IBs) when computing their adjusted net capital. For forward contracts
that are not covered by an open futures contract or commodity option,
and are in specified foreign currencies (British pounds, Canadian
dollars, Japanese yen, Swiss francs, or the Euro), the proposed
amendment would apply a capital charge of six percent of the market
value of the FCM's or IB's uncovered forward contracts in these
currencies. Uncovered forwards in any other non-U.S. currency would
remain subject to the 20 percent capital charge currently set forth in
the Commission's regulations.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 01/00/05
NPRM Comment Period End 03/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Thelma Diaz, Senior Counsel, Division of Clearing and
Intermediary Oversight, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5137
Fax: 202 418-5536
Email: [email protected]
RIN: 3038-AC05
_______________________________________________________________________
3801. • RULES RELATING TO REVIEW OF NATIONAL FUTURES
ASSOCIATION DECISIONS IN DISCIPLINARY, MEMBERSHIP DENIAL, REGISTRATION,
AND MEMBER RESPONSIBILITY ACTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 7 USC 4a; 7 USC 12a; 7 USC 21
CFR Citation: 17 CFR 171
Legal Deadline: None
Abstract: The Commodity Futures Trading Commission proposes to amend 17
CFR 171.1(b)(4) to add ``Hearing Committee'' to the list of committees
covered by that section, and to add a new section 171.1(b)(5) to
exclude from Commission review any appeal regarding a National Futures
Association suspension of membership for failing to pay a settlement or
arbitration award, in the absence of extraordinary circumstances.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 11/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Undetermined
Agency Contact: Thuy T. B. Dinh, Attorney, Office of General Counsel,
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st
Street NW., Washington, DC 20581
Phone: 202 418-5128
Fax: 202 418-5524
Email: [email protected]
Gail B. Scott, Counsel, Office of General Counsel, Commodity Futures
Trading Commission, Three Lafayette Centre, 1155 21st Street NW.,
Washington, DC 20581
Phone: 202 418-5139
Fax: 202 418-5524
Email: [email protected]
RIN: 3038-AC12
_______________________________________________________________________
3802. • INVESTMENT OF CUSTOMER FUNDS AND RECORD OF
INVESTMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 7 USC 6(c); 7 USC 6d
CFR Citation: 17 CFR 1.25; 17 CFR 1.27
Legal Deadline: None
Abstract: The Commission expects to propose amendments to Rule 1.25 to
address: (1) the portfolio time-to-maturity requirement for portfolios
consisting exclusively of U.S. Treasury securities; (2) standards for
investing in instruments with embedded derivatives; (3) requirements
for variable-coupon-rate securities; (4) concentration limits on
reverse repurchase agreements; (5) transactions by futures commission
merchants that are also registered as securities broker-dealers; (6)
concentration limits on government sponsored entity securities; (7)
rating standards and registration requirements for money market mutual
funds; and (8) certain technical changes. The Commission also expects
to propose a technical amendment to Rule 1.27 in connection with
repurchase agreements and proposed transactions by futures commission
merchants that are also broker-dealers.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 12/00/04
NPRM Comment Period End 03/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Phyllis P. Dietz, Special Counsel, Division of Clearing
and Intermediary Oversight, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5449
Fax: 202 418-5536
Email: [email protected]
RIN: 3038-AC15
_______________________________________________________________________
3803. • CUSTOMER PERMISSION FOR FCMS TO TAKE THE
OPPOSITE SIDE OF AN ORDER
Priority: Substantive, Nonsignificant
Legal Authority: 7 USC 6b; 7 USC 12a
CFR Citation: 17 CFR 1.55
Legal Deadline: None
Abstract: The Commission is proposing to amend Rule 1.55 to expand the
list of disclosures that futures commission merchants and introducing
brokers may provide in a single document and that noninstitutional
customers may acknowledge with a single signature to
[[Page 74095]]
include the consent referenced in Rule 155.3(b)(2) concerning customer
permission for futures commission merchants and introducing brokers to
take the opposite side of an order. The Commission adopted such a rule
amendment in November 2000, but withdrew it the following month upon
passage of the Commodity Futures Modernization Act of 2000. Most of the
rules adopted and withdrawn in 2000 were reproposed and readopted in
2001, but this one was not.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 11/00/04
NPRM Comment Period End 12/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Susan A. Elliott, Attorney Advisor, Division of
Clearing and Intermediary Oversight, Commodity Futures Trading
Commission, Three Lafayette Centre, 1155 21st Street NW., Washington,
DC 20581
Phone: 202 418-5464
Fax: 202 418-5528
Email: [email protected]
RIN: 3038-AC16
_______________________________________________________________________
3804. • GUIDANCE ON CLEARING OF OVER-THE-COUNTER
OPTIONS ON EXEMPT COMMODITIES BY A DESIGNATED CONTRACT MARKET
Priority: Substantive, Nonsignificant
Legal Authority: 7 USC 2(h)
CFR Citation: None
Legal Deadline: None
Abstract: The Office of General Counsel will be issuing interpretive
guidance addressing the provision of centralized clearing services by a
designated contract market for over-the-counter options on exempt
commodities.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 11/00/04
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: Undetermined
Agency Contact: Elizabeth L. Ritter, Assistant General Counsel,
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st
Street NW., Washington, DC 20581
Phone: 202 418-5052
Fax: 202 418-5524
Email: [email protected]
Christine P. Remy, Counsel, Office of General Counsel, Commodity
Futures Trading Commission, Three Lafayette Centre, 1155 21st Street
NW., Washington, DC 20581
Phone: 202 418-5134
Fax: 202 418-5524
Email: [email protected]
RIN: 3038-AC17
_______________________________________________________________________
Commodity Futures Trading Commission (CFTC) Final Rule Stage
_______________________________________________________________________
3805. COLLECTION OF CLAIMS OWED THE UNITED STATES ARISING FROM
ACTIVITIES UNDER THE COMMISSION'S JURISDICTION
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 31 USC 3720D; 31 CFR 285.11
CFR Citation: 17 CFR 143
Legal Deadline: None
Abstract: Pursuant to the Debt Collection Improvement Act (DCIA) of
1996, the Department of the Treasury has promulgated regulations
authorizing and governing the administrative garnishment of wages of
persons, not employed by the Federal Government, who owe claims to the
United States. Under DCIA and Treasury regulations, Federal agencies
can promulgate rules allowing for the garnishment of such claims
arising from actions within their jurisdiction. As a general matter,
the individual agencies' rules must adopt, or otherwise conform to, the
Treasury rules. To expedite the collection of claims arising from
activity within its jurisdiction, the Commission is amending its part
143 rules, governing debt collections, to provide for administrative
wage garnishment.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 12/15/03 68 FR 69634
NPRM Comment Period End 01/14/04
Final Action 11/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Terry Arbit, Associate General Counsel, Office of
General Counsel, Commodity Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5357
Fax: 202 418-5524
Email: [email protected]
RIN: 3038-AC03
_______________________________________________________________________
3806. EXECUTION OF OFF-CENTRALIZED MARKET TRANSACTIONS: REGULATION 1.38
AND GUIDANCE ON CORE PRINCIPLE 9
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat
2763
CFR Citation: 17 CFR 1; 17 CFR 38
Legal Deadline: None
Abstract: Since the Commission originally promulgated Regulation 1.38,
the Commodity Futures Modernization Act of 2000 (CFMA) was signed into
law. CFMA, among other things, specifically expanded the allowable
transactions that could be executed off the centralized market. The
Commission is considering whether to propose amendments to its rules
concerning trading off the centralized market, including the addition
of guidance on contract market block trading rules, in light of further
administrative experience with, and consideration of, the implications
of CFMA.
[[Page 74096]]
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 07/01/04 69 FR 39880
NPRM Comment Period End 08/30/04
Final Action 01/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Riva Spear Adriance, Associate Deputy Director,
Division of Market Oversight, Commodity Futures Trading Commission,
Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5494
Fax: 202 418-5507
Email: [email protected]
RIN: 3038-AC07
_______________________________________________________________________
3807. REPORTING LEVELS AND TRADES INVOLVING THE EXCHANGE OF FUTURES
Priority: Substantive, Nonsignificant
Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat
2763
CFR Citation: 17 CFR 15 to 21
Legal Deadline: None
Abstract: The Commission is proposing rules that raise reporting
levels, address the manner in which certain transactions are reported
to the Commission, and amend current data transmission practices.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 05/12/04 69 FR 26333
NPRM Comment Period End 06/11/04
Final Action 11/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Gary J. Martinaitis, Associate Deputy Director for
Market Information, Market Surveillance Section, Commodity Futures
Trading Commission, Division of Market Oversight, Three Lafayette
Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5290
Fax: 202 418-5527
Email: [email protected]
RIN: 3038-AC08
_______________________________________________________________________
3808. • APPLICATION PROCEDURES FOR REGISTRATION AS A
DERIVATIVES TRANSACTION EXECUTION FACILITY OR DESIGNATION AS A CONTRACT
MARKET
Priority: Substantive, Nonsignificant
Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat
2763
CFR Citation: 17 CFR 37; 17 CFR 38
Legal Deadline: None
Abstract: The Commission is proposing to change to 90 days from,
respectively, 60 days and 30 days, the time within which an applicant
may be deemed to be designated as a contract market or registered as a
derivatives transaction execution facility. Applicants who wish fast
track review will be required to request such review. Review under fast
track procedures may be terminated if it appears that the application
is materially incomplete or that it raises novel or complex issues that
require additional time for review.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 09/01/04 69 FR 53367
NPRM Comment Period End 10/01/04
Final Action 01/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Duane C. Andresen, Special Counsel, Division of Market
Oversight, Commodity Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5492
Fax: 202 418-5527
Email: [email protected]
RIN: 3038-AC14
_______________________________________________________________________
Commodity Futures Trading Commission (CFTC) Completed Actions
_______________________________________________________________________
3809. REGISTRATION EXEMPTIONS PERTAINING TO THE OFFER AND SALE OF
FOREIGN FUTURES AND FOREIGN OPTIONS CONTRACTS TO CUSTOMERS LOCATED IN
THE UNITED STATES
Priority: Substantive, Nonsignificant
CFR Citation: 17 CFR 30.1; 17 CFR 30.4; 17 CFR 30.10
Completed:
________________________________________________________________________
Reason Date FR Cite
________________________________________________________________________
Second NPRM 04/06/04 69 FR 17998
Second NPRM Comment Period End 06/07/04
Final Action 08/12/04 69 FR 49800
Final Action Effective 09/13/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Susan A. Elliott
Phone: 202 418-5464
Fax: 202 418-5528
Email: [email protected]
RIN: 3038-AB45
_______________________________________________________________________
3810. MINIMUM FINANCIAL REQUIREMENTS FOR FUTURES COMMISSION MERCHANTS
AND INTRODUCING BROKERS
Priority: Substantive, Nonsignificant
CFR Citation: 17 CFR 1.17
Completed:
________________________________________________________________________
Reason Date FR Cite
________________________________________________________________________
Final Action 08/12/04 69 FR 49784
Final Action Effective 09/30/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Thomas J. Smith
Phone: 202 418-5495
Fax: 202 418-5536
Email: [email protected]
RIN: 3038-AB64
[[Page 74097]]
_______________________________________________________________________
3811. INFORMATION ACCESS AND PRICE TRANSPARENCY FOR EXEMPT COMMERCIAL
MARKETS
Priority: Substantive, Nonsignificant
CFR Citation: 17 CFR 36.3
Completed:
________________________________________________________________________
Reason Date FR Cite
________________________________________________________________________
Final Action 07/20/04 69 FR 43285
Final Action Effective 09/20/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Donald H. Heitman
Phone: 202 418-5041
Fax: 202 418-5507
Email: [email protected]
RIN: 3038-AC02
_______________________________________________________________________
3812. • ADJUSTMENT OF CIVIL MONETARY PENALTIES FOR
INFLATION
Priority: Substantive, Nonsignificant
Legal Authority: 7 USC 9; 7 USC 13a; 7 USC 13a-1; 28 USC 2461 note
CFR Citation: 17 CFR 143.8
Legal Deadline: None
Abstract: The Commission is amending Rule 143.8, which governs the
maximum amount of civil monetary penalties, to adjust for inflation.
This rule sets forth the maximum, inflation-adjusted dollar amount for
civil monetary penalties assessable for violations of the Commodity
Exchange Act and Commission rules and orders thereunder. The rule, as
amended, implements the Federal Civil Penalties Inflation Adjustment
Act of 1990, as amended by the Debt Collection Improvement Act of 1996.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
Final Action 08/31/04 69 FR 52993
Final Action Effective 10/23/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Daniel A Nathan, Chief, Office of Cooperative
Enforcement, Division of Enforcement, Commodity Futures Trading
Commission, Three Lafayette Centre, 1155 21st Street NW., Washington,
DC 20581
Phone: 202 418-5314
Email: [email protected]
Terry Arbit, Associate General Counsel, Office of General Counsel,
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st
Street NW., Washington, DC 20581
Phone: 202 418-5357
Fax: 202 418-5524
Email: [email protected]
RIN: 3038-AC13
[FR Doc. 04-23088 Filed 12-10-04; 8:45 am]
BILLING CODE 6351-01-S
.