Federal Register May 6, 1999 Application of the KCBT for Designation as a Contract Market in Western Natural Gas Index Futures Contracts

[Federal Register: May 6, 1999 (Volume 64, Number 87)]
[Notices]
[Page 24372-24373]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr06my99-33]

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COMMODITY FUTURES TRADING COMMISSION


Application of the KCBT for Designation as a Contract Market in
Western Natural Gas Index Futures Contracts

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of availability of the terms and conditions of proposed
commodity futures contract.

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SUMMARY: The Kansas City Board of Trade (KCBT or Exchange) has applied
for designation as a contract market in western natural gas index
futures contracts. The proposal was submitted under the Commission's
45-day Fast Track procedures. The Acting Director of the Division of
Economic Analysis (Division) of the Commission, acting pursuant to the
authority delegated by Commission Regulation 140.96, has determined
that publication of the proposal for comment is in the public interest,
will assist the Commission in considering the views of interested
persons, and is consistent with the purpose of the Commodity Exchange
Act.

DATES: Comments must be received on or before May 21, 1999.


[[Page 24373]]


ADDRESSES: Interested persons should submit their views and comments to
Jean A. Webb, Secretary, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street, NW Washington, DC 20581. In
addition, comments may be sent by facsimile transmission to facsimile
number (202) 418-5521, or by electronic mail to [email protected].
Reference should be made to the KCBT western natural gas index futures
contract.

FOR FURTHER INFORMATION CONTACT: Please contact Joseph Storer of the
Division of Economic Analysis, Commodity Futures Trading Commission,
Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581,
telephone (202) 418-5282. Facsimile number: (202) 418-5527. Electronic
mail: [email protected]

SUPPLEMENTARY INFORMATION: The proposed designation application was
submitted pursuant to the Commission's Fast Track procedures for
streamlining the review of futures contract rule amendments and new
contract approvals (62 FR 10434). Under those procedures, the proposal,
absent any contrary action by the Commission, may be deemed approved at
the close of business on June 7, 1999, 45 days after receipt of the
proposal. In view of the limited review period under the Fast Track
procedures, the Commission has determined to publish for public comment
notice of the availability of the terms and conditions for 15 days,
rather than 30 days as provided for proposals submitted under the
regular review procedures.
    Copies of the proposed contract terms will be available for
inspection at the Office of the Secretariat, Commodity Futures Trading
Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC
20581. Copies can be obtained through the Office of the Secretariat by
mail at the above address, by phone at (202) 418-5100, or via the
internet on the CFTC website at www.cftc.gov under ``What's New &
Pending''.
    Other materials submitted by the KCBT in support of the proposal
may be available upon request pursuant to the Freedom of Information
Act (5 U.S.C. 552) and the Commission's regulations thereunder (17 CFR
Part 145 (1997)), except to the extent they are entitled to
confidential treatment as set forth in 17 CFR 145.5 and 145.9. Requests
for copies of such materials should be made to the FOI, Privacy and
Sunshine Act Compliance Staff of the Office of Secretariat at the
Commission's headquarters in accordance with 17 CFR 145.7 and 145.8.
    Any person interested in submitting written data, views, or
arguments on the proposal, or with respect to other materials submitted
by the KCBT, should send such comments to Jean A. Webb, Secretary,
Commodity Futures Trading Commission, Three Lafayette Centre, 21st
Street NW, Washington, DC 20581 by the specified date.

    Issued in Washington, DC, on April 28, 1999.
John R. Mielke,
Acting Director.
[FR Doc. 99-11322 Filed 5-5-99; 8:45 am]
BILLING CODE 6351-01-M
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