[April 24, 2000 (Volume 65, Number 79)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua24ap00_047-1]
[Page 23772-23773]
COMMODITY FUTURES TRADING COMMISSION (CFTC)
_______________________________________________________________________
Part XLVII
Commodity Futures Trading Commission
_______________________________________________________________________
Semiannual Regulatory Agenda
[[Page 23772]]
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 which the Commission expects to
propose or promulgate over the next year. The Commission welcomes
comments from small entities and others on the agenda.
ADDRESSES: Comments should be sent to: Ms. Barbara Webster Black,
Special Assistant to the Executive Director, Commodity Futures Trading
Commission, 1155 21st Street NW., Washington, DC 20581, (202) 418-5130,
[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:
(a) During the months of April and October of each year, each
agency shall publish in the Federal Register a regulatory
flexibility agenda which shall contain:
(1) A brief description of the subject area of any rule which
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 concerning the items listed in paragraph (1). 5
U.S.C. 602(a).
The Commission has prepared an agenda of significant rules
which it presently expects may be considered during the course of
the next year, irrespective of their potential 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 April 2000 regulatory flexibility agenda is
set forth below.
Issued in Washington, DC, on February 25, 2000 by the Commission.
Catherine D. Dixon,
Assistant 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 which
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,
an advisory which lists rules that the Commission is considering or
will consider in the near future.
Commodity Futures Trading Commission--Proposed Rule Stage
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Regulation
Sequence Title Identification
Number Number
----------------------------------------------------------------------------------------------------------------
3968 Denomination of Customer Funds and Location of Depositories......................... 3038-AB31
3969 Definition of a Principal........................................................... 3038-AB36
3970 Rule 4.7: Exemption From Certain Part 4 Requirements With Respect to Qualified 3038-AB37
Eligible Participants and Qualified Eligible Clients................................
3971 Special Reporting Required of Certain Commodity Pool Operators--Regulations 4.7, 3038-AB40
4.12, and 4.27......................................................................
3972 Contingent EFP Prohibition.......................................................... 3038-AB41
3973 Minimum Financial Requirements for Futures Commission Merchants and Introducing 3038-AB49
Brokers.............................................................................
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Commodity Futures Trading Commission--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identification
Number Number
----------------------------------------------------------------------------------------------------------------
3974 Exclusion for Certain Otherwise Regulated Persons From the Definition of the Term 3038-AB34
``Commodity Pool Operator''.........................................................
3975 Insider Trading--Regulation 1.59.................................................... 3038-AB35
3976 Performance Disclosures for Commodity Trading Advisors and Commodity Pool Operators. 3038-AB39
3977 Market Rule Review Procedures....................................................... 3038-AB44
3978 Registration Exemptions Pertaining to the Offer and Sale of Foreign Futures and 3038-AB45
Foreign Options Contracts to Customers Located in the United States.................
[[Page 23773]]
3979 Direct Foreign Order Transmittal.................................................... 3038-AB46
3980 Revision of Commission's Procedure for the Review of Contract Market Rules.......... 3038-AB50
3981 Minimum Financial Requirements for Futures Commission Merchants and Introducing 3038-AB51
Brokers.............................................................................
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Commodity Futures Trading Commission--Completed Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identification
Number Number
----------------------------------------------------------------------------------------------------------------
3982 Procedures for Involuntary Bulk Transfers or Liquidations of Customer Accounts...... 3038-AA77
3983 Revised Procedures for Commission Review and Approval of Applications for Contract 3038-AB42
Market Designation and of Related Contract Terms and Conditions.....................
3984 Trade Options on the Enumerated Agricultural Commodities............................ 3038-AB43
3985 Use of Electronic Signatures........................................................ 3038-AB47
3986 Exemption From Registration as a Commodity Trading Advisor.......................... 3038-AB48
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_______________________________________________________________________
[April 24, 2000 (Volume 65, Number 79)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID:ua24ap00_047-2] [Page 23773] COMMODITY FUTURES TRADING COMMISSION (CFTC) Proposed Rule Stage _______________________________________________________________________ 3968. DENOMINATION OF CUSTOMER FUNDS AND LOCATION OF DEPOSITORIES Priority: Substantive, Nonsignificant Legal Authority: 7 USC 1a; 7 USC 2; 7 USC 2a; 7 USC 4; 7 USC 4a; 7 USC 6; 7 USC 6a; 7 USC 6b; 7 USC 6c; 7 USC 6d; 7 USC 6e; 7 USC 6f; 7 USC 6g; 7 USC 6h; 7 USC 6l CFR Citation: Not Yet Determined Legal Deadline: None Abstract: The Commission is proposing rules requesting public comment on how to address the risks relating to holding segregated funds offshore or in foreign currencies. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Concept Release 12/30/97 62 FR 67841 NPRM 06/00/00 NPRM Comment Period End 08/00/00 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: France M. T. Maca, Special Counsel, Division of Trading and Markets, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581 Phone: 202 418-5482 Email: [email protected] RIN: 3038-AB31 _______________________________________________________________________
[April 24, 2000 (Volume 65, Number 79)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID:ua24ap00_047-3] [Page 23773] COMMODITY FUTURES TRADING COMMISSION (CFTC) Proposed Rule Stage _______________________________________________________________________ 3969. DEFINITION OF A PRINCIPAL Priority: Substantive, Nonsignificant Legal Authority: 7 USC 6d; 7 USC 6f; 7 USC 6m; 7 USC 6n; 7 USC 12a CFR Citation: 17 CFR 3.1; 17 CFR 4.10 Legal Deadline: None Abstract: The Commission will undertake a rulemaking to modify the definition of a ``principal'' for purposes of firm registration and disclosure under Part 4 of the Commission's rules. The focus will be upon which officers of a firm should be considered principals for these purposes. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/00 NPRM Comment Period End 07/00/00 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Lawrence B. Patent, Associate Chief Counsel, Division of Trading and Markets, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581 Phone: 202 418-5439 Email: [email protected] RIN: 3038-AB36 _______________________________________________________________________
[April 24, 2000 (Volume 65, Number 79)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID:ua24ap00_047-4] [Page 23773-23774] COMMODITY FUTURES TRADING COMMISSION (CFTC) Proposed Rule Stage _______________________________________________________________________ 3970. RULE 4.7: EXEMPTION FROM CERTAIN PART 4 REQUIREMENTS WITH RESPECT TO QUALIFIED ELIGIBLE PARTICIPANTS AND QUALIFIED ELIGIBLE CLIENTS Priority: Substantive, Nonsignificant Legal Authority: 7 USC 2; 7 USC 6b; 7 USC 6c; 7 USC 6l to 6o; 7 USC 12a; 7 USC 23 CFR Citation: 17 CFR 4.7 Legal Deadline: None Abstract: The Commodity Futures Trading Commission proposed amendments to Rule 4.7 that would make more persons eligible for treatment as qualified eligible participants or qualified eligible clients under the rule, e.g., principals of the commodity pool operator or commodity trading advisor who have been employed in the financial services industry for a specified number of years. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/02/00 65 FR 11253 NPRM Comment Period End 05/01/00 [[Page 23774]] Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Helene D. Schroeder, Attorney Advisor, Division of Trading and Markets, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581 Phone: 202 418-5424 Fax: 202 418-5528 Email: [email protected] RIN: 3038-AB37 _______________________________________________________________________
[April 24, 2000 (Volume 65, Number 79)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID:ua24ap00_047-5] [Page 23774] COMMODITY FUTURES TRADING COMMISSION (CFTC) Proposed Rule Stage _______________________________________________________________________ 3971. SPECIAL REPORTING REQUIRED OF CERTAIN COMMODITY POOL OPERATORS-- REGULATIONS 4.7, 4.12, AND 4.27 Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 7 USC 6l CFR Citation: 17 CFR 4.7; 17 CFR 4.12; 17 CFR 4.27 (Proposed) Legal Deadline: None Abstract: The proposed regulatory amendments would require large commodity pools or ``hedge funds'' to file quarterly financial reports and risk information. These data would be published to enable the public and regulatory bodies to assess the potential financial systemic risk posed by such funds. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/00/00 NPRM Comment Period End 06/00/00 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Tobey Kaczensky, Special Counsel, Division of Trading and Markets, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW, Washington, DC 20581 Phone: 202 418-5460 Fax: 202 418-5520 Email: [email protected] RIN: 3038-AB40 _______________________________________________________________________
[April 24, 2000 (Volume 65, Number 79)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID:ua24ap00_047-6] [Page 23774] COMMODITY FUTURES TRADING COMMISSION (CFTC) Proposed Rule Stage _______________________________________________________________________ 3972. CONTINGENT EFP PROHIBITION Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 7 USC 6b; 7 USC 6c; 7 USC 6 CFR Citation: 17 CFR 1.38a Legal Deadline: None Abstract: The proposed regulatory amendment would clarify the distinctions between transitory and contingent EFPs and would prohibit the execution of contingent EFPs as transactions not allowed under Section 4c of the Commodity Exchange Act. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/00/00 NPRM Comment Period End 06/00/00 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Riva Spear Adriance, Attorney Advisor, Division of Trading and Markets, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW, Washington, DC 20581 Phone: 202 418-5494 Fax: 202 418-5536 Email: [email protected] RIN: 3038-AB41 _______________________________________________________________________
[April 24, 2000 (Volume 65, Number 79)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID:ua24ap00_047-7] [Page 23774-23775] COMMODITY FUTURES TRADING COMMISSION (CFTC) Proposed Rule Stage _______________________________________________________________________ 3973. � MINIMUM FINANCIAL REQUIREMENTS FOR FUTURES COMMISSION MERCHANTS AND INTRODUCING BROKERS Priority: Substantive, Nonsignificant Legal Authority: 7 USC 6f CFR Citation: 17 CFR 1.17 Legal Deadline: None Abstract: The Commodity Futures Trading Commission is proposing to amend that portion of Rule 1.17 that imposes requirements upon subordination agreements governing liabilities of a futures commission merchant (FCM) or introducing broker (IB). If the subordination agreement is deemed satisfactory, the liabilities associated with the agreement may be excluded from the FCM's or IB's computation of its adjusted net capital. Currently, FCMs or IBs that are also registered securities brokers or dealers with the Securities and Exchange Commission need the prior approval of both a futures market designated self-regulatory organization and a securities market designated examining authority for subordination agreements to be deemed satisfactory and to prepay subordinated debt. The proposed amendments would streamline the review process by relieving the designated self- regulatory organization of the responsibility of performing an independent review of a proposed subordination agreement or proposed prepayment provided that such a review was performed by the designated examining authority. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/00/00 NPRM Comment Period End 05/00/00 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Thomas J. Smith, Special Counsel, Division of Trading and Markets, Commodity Futures Trading Commission, Three Lafayette Centre, 1121 21st Street NW, Washington, DC 20581 Phone: 202 418-5495 Email: [email protected] RIN: 3038-AB49 [[Page 23775]] _______________________________________________________________________
[April 24, 2000 (Volume 65, Number 79)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID:ua24ap00_047-8] [Page 23775] COMMODITY FUTURES TRADING COMMISSION (CFTC) Final Rule Stage _______________________________________________________________________ 3974. EXCLUSION FOR CERTAIN OTHERWISE REGULATED PERSONS FROM THE DEFINITION OF THE TERM ``COMMODITY POOL OPERATOR'' Priority: Substantive, Nonsignificant Legal Authority: 7 USC 1a(4); 7 USC 6k to 6o; 7 USC 12a CFR Citation: 17 CFR 4.5 Legal Deadline: None Abstract: The Commodity Futures Trading Commission proposed an amendment to Rule 4.5 by adding a plan defined as a ``Church plan'' in Section 3(33) of title I of the Employee Retirement Income Security Act of 1974 to the list of employee benefit plans that the rule currently provides shall not be construed to be commodity pools. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/01/00 65 FR 10939 NPRM Comment Period End 03/31/00 Final Action 05/00/00 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Barbara Stern Gold, Assistant Chief Counsel, Division of Trading and Markets, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581 Phone: 202 418-5450 Email: [email protected] RIN: 3038-AB34 _______________________________________________________________________
[April 24, 2000 (Volume 65, Number 79)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID:ua24ap00_047-9] [Page 23775] COMMODITY FUTURES TRADING COMMISSION (CFTC) Final Rule Stage _______________________________________________________________________ 3975. INSIDER TRADING--REGULATION 1.59 Priority: Substantive, Nonsignificant Legal Authority: 7 USC 9 CFR Citation: 17 CFR 1.59 Legal Deadline: None Abstract: The proposed regulatory amendment would clarify the use of the terms self-regulatory employee and governing board or committee member for the purpose of Regulation 1.59. The proposed amendment also would clarify the scope of the trading prohibition in Regulation 1.59(b)(1)(i). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/28/99 64 FR 72587 NPRM Comment Period End 01/27/00 Final Action 05/00/00 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: David P. Van Wagner, Acting Associate Director, Division of Trading and Markets, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581 Phone: 202 418-5481 Email: [email protected] RIN: 3038-AB35 _______________________________________________________________________
[April 24, 2000 (Volume 65, Number 79)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID:ua24ap00_047-10] [Page 23775] COMMODITY FUTURES TRADING COMMISSION (CFTC) Final Rule Stage _______________________________________________________________________ 3976. PERFORMANCE DISCLOSURES FOR COMMODITY TRADING ADVISORS AND COMMODITY POOL OPERATORS Priority: Substantive, Nonsignificant Legal Authority: 7 USC 6n; 7 USC 6o; 7 USC 12a CFR Citation: 17 CFR 4.25; 17 CFR 4.35 Legal Deadline: None Abstract: The Commodity Futures Trading Commission is proposing amendments to the requirements concerning the presentation of rate of return data by commodity trading advisors and commodity pool operators. The Commission's proposed rules address computational and disclosure matters relating to participating in commodity trading advisor programs on a partially-funded basis. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 06/18/98 63 FR 33297 ANPRM Comment Period End 09/16/98 NPRM 08/02/99 64 FR 41843 NPRM Comment Period End 10/01/99 Final Action 04/00/00 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: None Agency Contact: Robert B. Wasserman, Associate Director, Division of Trading and Markets, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581 Phone: 202 418-5092 Fax: 202 418-5528 Email: [email protected] RIN: 3038-AB39 _______________________________________________________________________
[April 24, 2000 (Volume 65, Number 79)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID:ua24ap00_047-11] [Page 23775-23776] COMMODITY FUTURES TRADING COMMISSION (CFTC) Final Rule Stage _______________________________________________________________________ 3977. MARKET RULE REVIEW PROCEDURES Priority: Other Significant Legal Authority: 7 USC 1a; 7 USC 8; 7 USC 9; 7 USC 12; 7 USC 13a; 7 USC 16; 7 USC 19; 7 USC 21; 7 USC 23; 7 USC 24; 7 USC 2; 7 USC 2a; 7 USC 4; 7 USC 4a; 7 USC 6; 7 USC 6a to 6p; 7 USC 7; 7 USC 7a to 7b; 7 USC 12a; 7 USC 12c; 7 USC 13a-1; 7 USC 16a CFR Citation: 17 CFR 1 Legal Deadline: None Abstract: The CFTC is proposing to amend its contract market rule review and approval procedures to allow for additional categories of exchange rule amendments to be approved automatically, upon adoption by the exchange, and to permit such amendments to be submitted to the Commission in a single, weekly, summary filing rather than in individual submissions. For certain other rules, the review time would be reduced to three days. The proposed rules also reorganize, in a clearer and more accessible format, the Commission's rules on expedited approval procedures for proposed rule amendments to exchange contract terms and conditions. The proposed rules will necessitate the filing of fewer individual submissions by U.S. exchanges with the Commission and will reduce unnecessary burdens associated with the Commission's review and approval of proposed exchange rules. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/15/99 64 FR 38159 NPRM Comment Period End 08/16/99 Final Action 06/00/00 Final Action Effective 08/00/00 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Agency Contact: Richard A. Shilts, Director, Market Analysis, Division of Economic Analysis, Commodity [[Page 23776]] Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW, Washington, DC 20581 Phone: 202 418-5260 Fax: 202 418-5527 Email: [email protected] RIN: 3038-AB44 _______________________________________________________________________
[April 24, 2000 (Volume 65, Number 79)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID:ua24ap00_047-12] [Page 23776] COMMODITY FUTURES TRADING COMMISSION (CFTC) Final Rule Stage _______________________________________________________________________ 3978. 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 Legal Authority: 7 USC 2(a)(1)(A); 7 USC 4(b); 7 USC 4c CFR Citation: 17 CFR 30.1; 17 CFR 30.4; 17 CFR 30.10 Legal Deadline: None Abstract: The Commission proposes to codify some of the interpretations and positions that its staff has taken regarding registration requirements under Part 30 of the Commission's rules, which governs, generally, the solicitation and sale of foreign futures and foreign options contracts to customers located in the United States. The Commission proposes to modify Rule 30.4(a) by clarifying that foreign futures and options brokers, including those with U.S. bank branches, are not required to register as futures commission merchants (FCMs) pursuant to Rule 30.4, or seek Rule 30.10 relief, if they fall generally into the following categories: (1) those that carry customer omnibus accounts for U.S. FCMs; (2) those that carry U.S. affiliate accounts that are proprietary to the foreign futures and options broker; and (3) those that carry U.S. accounts that are proprietary to a U.S. FCM. In addition, proposed Rule 30.10(a) will specify representations that must be made by a foreign futures and options broker that has U.S. bank branches in order to obtain a Rule 30.10 comparability exemption or to come within the registration exception of Rule 30.4. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/26/99 64 FR 46613 NPRM Comment Period End 10/25/99 Final Action 04/00/00 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Susan A. Elliott, Senior Attorney, Division of Trading and Markets, 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-AB45 _______________________________________________________________________
[April 24, 2000 (Volume 65, Number 79)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID:ua24ap00_047-13] [Page 23776] COMMODITY FUTURES TRADING COMMISSION (CFTC) Final Rule Stage _______________________________________________________________________ 3979. DIRECT FOREIGN ORDER TRANSMITTAL Priority: Substantive, Nonsignificant Legal Authority: 7 USC 2; 7 USC 6(b), 6c; 7 USC 12a CFR Citation: 17 CFR 30.12 Legal Deadline: None Abstract: Under proposed Rule 30.12, certain unregistered foreign futures and options brokers (FFOBs) would be permitted to accept orders directly from certain sophisticated U.S. foreign futures and options customers for execution through the customer's futures commission merchant's (FCM) customer omnibus account. In addition, proposed Rule 30.12 would permit an unregistered FFOB to directly accept and execute these orders and give up the trades to another unregistered FFOB carrying the FCM's customer omnibus account. The proposed rule would require participating FCMs to satisfy minimum financial requirements and comply with certain procedural safeguards. The permissible means by which foreign orders could be transmitted to an FFOB by the customer are telephone, facsimile, and electronic message. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/26/99 64 FR 46618 NPRM Comment Period End 10/25/99 Final Action 04/00/00 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Andrew V. Chapin, Attorney Advisor, Division of Trading and Markets, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW, Washington, DC 20581 Phone: 202 418-5465 Fax: 202 418-5547 Email: [email protected] RIN: 3038-AB46 _______________________________________________________________________
[April 24, 2000 (Volume 65, Number 79)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID:ua24ap00_047-14] [Page 23776] COMMODITY FUTURES TRADING COMMISSION (CFTC) Final Rule Stage _______________________________________________________________________ 3980. � REVISION OF COMMISSION'S PROCEDURE FOR THE REVIEW OF CONTRACT MARKET RULES Priority: Substantive, Nonsignificant Legal Authority: 7 USC 6; 7 USC 6c; 7 USC 7; 7 USC 7a; 7 USC 8; 7 USC 8a CFR Citation: 17 CFR 1.41(z) Legal Deadline: None Abstract: The CFTC has proposed to revise its procedures for the review of all types of contract market rule changes. Under the proposed new Regulation 1.41(z), a contract market rule could be placed into effect on the business day after the CFTC had received a submission for the rule that contained, among other things, the text and a brief explanation of the rule and a certification that the rule is not inconsistent with the Commodity Exchange Act or with the CFTC regulations. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/26/99 64 FR 66428 Extension of Comment Period 01/24/00 65 FR 3623 NPRM Comment Period End 02/24/00 Final Action 05/00/00 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Rebecca Creed, Attorney Advisor, Division of Trading and Markets, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW, Washington, DC 20581 Phone: 202 418-5493 Fax: 202 418-5536 Email: [email protected] RIN: 3038-AB50 _______________________________________________________________________
[April 24, 2000 (Volume 65, Number 79)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID:ua24ap00_047-15] [Page 23776-23777] COMMODITY FUTURES TRADING COMMISSION (CFTC) Final Rule Stage _______________________________________________________________________ 3981. � MINIMUM FINANCIAL REQUIREMENTS FOR FUTURES COMMISSION MERCHANTS AND INTRODUCING BROKERS Priority: Substantive, Nonsignificant Legal Authority: 7 USC 6f [[Page 23777]] CFR Citation: 17 CFR 1.17 Legal Deadline: None Abstract: The Commodity Futures Trading Commission is proposing to amend Rule 1.17 to ease the restrictions imposed on the withdrawal of equity capital from a futures commission merchant or introducing broker and to increase the percentage deductions applied to the value of equity securities pledged as collateral for secured demand notes that are included in the computation of adjusted net capital of a futures commission merchant or introducing broker. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/10/00 65 FR 6569 NPRM Comment Period End 03/13/00 Final Action 06/00/00 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Thomas J. Smith, Special Counsel, Division of Trading and Markets, Commodity Futures Trading Commission, Three Lafayette Centre, 1121 21st Street NW, Washington, DC 20581 Phone: 202 418-5495 Email: [email protected] RIN: 3038-AB51 _______________________________________________________________________
[April 24, 2000 (Volume 65, Number 79)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID:ua24ap00_047-16] [Page 23777] COMMODITY FUTURES TRADING COMMISSION (CFTC) Completed Actions _______________________________________________________________________ 3982. PROCEDURES FOR INVOLUNTARY BULK TRANSFERS OR LIQUIDATIONS OF CUSTOMER ACCOUNTS Priority: Substantive, Nonsignificant CFR Citation: 17 CFR 1.68 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 02/14/00 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Lawrence B. Patent Phone: 202 418-5439 Email: [email protected] RIN: 3038-AA77 _______________________________________________________________________
[April 24, 2000 (Volume 65, Number 79)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID:ua24ap00_047-17] [Page 23777] COMMODITY FUTURES TRADING COMMISSION (CFTC) Completed Actions _______________________________________________________________________ 3983. REVISED PROCEDURES FOR COMMISSION REVIEW AND APPROVAL OF APPLICATIONS FOR CONTRACT MARKET DESIGNATION AND OF RELATED CONTRACT TERMS AND CONDITIONS Priority: Other Significant CFR Citation: 17 CFR 5 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 11/26/99 64 FR 66373 Final Action Effective 01/25/00 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Paul M. Architzel Phone: 202 418-5260 Fax: 202 418-5527 Email: [email protected] RIN: 3038-AB42 _______________________________________________________________________
[April 24, 2000 (Volume 65, Number 79)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID:ua24ap00_047-18] [Page 23777] COMMODITY FUTURES TRADING COMMISSION (CFTC) Completed Actions _______________________________________________________________________ 3984. TRADE OPTIONS ON THE ENUMERATED AGRICULTURAL COMMODITIES Priority: Other Significant CFR Citation: 17 CFR 3; 17 CFR 32; 17 CFR 33 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 12/06/99 64 FR 68011 Final Action Effective 02/04/00 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Paul M. Architzel Phone: 202 418-5260 Fax: 202 418-5527 Email: [email protected] RIN: 3038-AB43 _______________________________________________________________________
[April 24, 2000 (Volume 65, Number 79)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID:ua24ap00_047-19] [Page 23777] COMMODITY FUTURES TRADING COMMISSION (CFTC) Completed Actions _______________________________________________________________________ 3985. USE OF ELECTRONIC SIGNATURES Priority: Substantive, Nonsignificant CFR Citation: 17 CFR 1.3(tt); 17 CFR 1.4 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 03/09/00 65 FR 12466 Final Action Effective 03/09/00 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Christopher W. Cummings Phone: 202 418-5545 Fax: 202 418-5547 Email: [email protected] RIN: 3038-AB47 _______________________________________________________________________
[April 24, 2000 (Volume 65, Number 79)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID:ua24ap00_047-20] [Page 23777-23778] COMMODITY FUTURES TRADING COMMISSION (CFTC) Completed Actions _______________________________________________________________________ 3986. � EXEMPTION FROM REGISTRATION AS A COMMODITY TRADING ADVISOR Priority: Substantive, Nonsignificant Legal Authority: 7 USC 12a CFR Citation: 17 CFR 4.14 Legal Deadline: None Abstract: The Commission has amended Commission Rule 4.14 to create an exemption from registration requirements for commodity trading advisors that provide standardized advice by means of media such as newsletters, prerecorded telephone newslines, internet websites, and non-customized computer software. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/07/99 64 FR 68304 Comment Period End 02/07/00 Final Action 03/10/00 65 FR 12938 Final Action Effective 03/10/00 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Agency Contact: Martin B. White, Attorney, Office of General Counsel, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW, Washington, DC 20581 Phone: 202 418-5120 Fax: 202 418-5524 Email: [email protected] Michael J. Garawski, Attorney, Office of General Counsel, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW, Washington, DC 20581 Phone: 202 418-5120 [[Page 23778]] Fax: 202 418-5524 Email: [email protected] J. Douglas Richards, Deputy General Counsel, Office of General Counsel, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW, Washington, DC 20581 Phone: 202 418-5120 Fax: 202 418-5524 Email: [email protected] RIN: 3038-AB48 [FR Doc. 00-5316 Filed 04-21-00; 8:45 am] BILLING CODE 6351-01-F
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