Opening Statement, Meeting of the Commodity Futures Trading Commission

Chairman Gary Gensler

January 26, 2011

Good morning. This meeting will come to order. This is a public meeting of the Commodity Futures Trading Commission to consider issuance of proposed rulemakings under the Dodd-Frank Wall Street Reform and Consumer Protection Act regarding:

• Reporting by Investment Advisers to Private Funds and Certain Commodity Pool Operators and Commodity Trading Advisors on Form PF (joint with the Securities and Exchange Commission) and
• Commodity Pool Operators and Commodity Trading Advisors: Amendments to Compliance Obligations.

Before we hear from the staff, I’d like to thank Commissioners Mike Dunn, Jill Sommers, Bart Chilton and Scott O’Malia for all their thoughtful work to implement the Dodd-Frank Act.

I’d like to welcome members of the public, market participants and members of the media to today’s meeting, as well as welcome those listening to the meeting on the phone or watching the live webcast. This is the eleventh public meeting to consider Dodd-Frank rulemakings. We have additional meetings scheduled for February 11 and February 24. We will announce agendas for those meetings on cftc.gov at least one week in advance.

The staff, led by Kevin Walek, has worked very hard on the rulemakings that the Commission is considering today. They will present thoughtful recommendations for how the Commission can best comply with its statutory obligations under the Dodd-Frank Act.

We look forward to receiving public comments on the proposed rules we are considering today. The two rules, as well as fact sheets and “Questions and Answers” on the rules, will be posted on our website shortly.

Now I’d like to turn to my fellow commissioners for their opening statements.

Last Updated: January 26, 2011