Unified Agenda


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 which the Commission expects to propose or promulgate over the next year. This edition of the Unified Agenda of Federal Regulatory and Deregulatory Actions includes The Regulatory Plan, which appears in part II of this issue of the Federal Register. The Commission's Statement of Regulatory Priorities is included in part II. The Commission welcomes comments from small entities and others on the agenda.

FOR FURTHER INFORMATION CONTACT:

Ms. Barbara Webster Black, Special Assistant to the Executive Director, Commodity Futures Trading Commission, 1155 21st Street NW., Washington, DC 20581, (202) 418-5130, bblack@cftc.gov.

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 that 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 about 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." Pursuant to the request of Andrew H. Card, Jr., Assistant to the President and Chief of Staff, in his January 20, 2001 memorandum, the Commission has decided that it will issue no final or proposed rules not mandated by Congress until an agency head appointed by the President after noon on January 20, 2001 reviews and approves the regulatory action, or until further guidance is received from the Administration.

The Commission's October 2001 regulatory flexibility agenda is set forth below.
Issued in Washington, DC, on August 30, 2001 by the Commission.

Jean A. Webb, Secretary of the Commission.

1The 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 posts an advisory on its website www.cftc.gov which lists rules that the Commission is considering or will consider in the near future.

Commodity Futures Trading Commission—Proposed Rule Stage
Sequence Number Title Regulation Identification Number
4206  Denomination of Customer Funds and Location of Depositories3038-AB31
4207  Minimum Financial Requirements for Futures Commission Merchants and Introducing Brokers3038-AB64
4208  Regulation of Hybrid Instruments3038-AB69
4209  Use of Broker-Dealers, Depository Institutions, and Farm Crediting System Institutions as Intermediaries on Derivatives Transaction Execution Facilities3038-AB70
4210  Margin Requirements for Security Futures Products3038-AB71
4211  Authority To Modify Security Futures Product Listing Standards3038-AB73
4212  Compliance Date for Security Futures Products To Be Cleared by a Clearing Agency That Has Linked and Coordinated Clearing With Other Clearing Agencies3038-AB74
4213  Offering and Selling Security Futures Products Traded on Foreign Boards of Trade to United States Persons3038-AB75
4214  Avoidance of Duplicative or Conflicting Regulations Applicable to Dual Registrants3038-AB76
4215  Requirements for Foreign Stock Index Contracts To Qualify as Non-Narrow-Based Indices3038-AB78
4216  Special Procedures To Encourage and Facilitate Bona Fide Hedging by Agricultural Producers3038-AB79
4217  Regulation Concerning Conduct of Members and Employees and Former Members and Employees of the Commission, 17 CFR Part 1403038-AB85
4218  Cash Settlement and Regulatory Halts Required for Security Futures Products3038-AB86

Commodity Futures Trading Commission—Final Rule Stage
Sequence Number Title Regulation Identification Number
4219  Performance Disclosures for Commodity Trading Advisors and Commodity Pool Operators3038-AB39
4220  Registration Exemptions Pertaining to the Offer and Sale of Foreign Futures and Foreign Options Contracts to Customers Located in the United States3038-AB45
4221  Prohibition Against Dual Trading3038-AB83
4222  Listing Standards and Conditions for Trading Security Futures Products3038-AB87

Commodity Futures Trading Commission—Long-Term Actions
Sequence Number Title Regulation Identification Number
4223  Public Reporting by Operators of Certain Large Commodity Pools—Regulations 4.7, 4.12, and 4.273038-AB40
4224  Trade Options on Enumerated Agricultural Commodities3038-AB61
4225  Exemption From Compliance With the Listing Standards for Security Futures Products3038-AB72

Commodity Futures Trading Commission—Completed Actions
Sequence Number Title Regulation Identification Number
4226  Segregated Account; Daily Computation and Record3038-AB52
4227  New Regulatory Framework for Trading Facilities3038-AB63
4228  Rules Relating to Intermediaries of Commodity Interest Transactions3038-AB65
4229  A New Regulatory Framework for Clearing Organizations3038-AB66
4230  Opting Out of Segregation by Eligible Contract Participants in Connection with Derivatives Transaction Execution Facility Transactions3038-AB67
4231  CFTC Conformance with Title V Privacy Provisions of the Gramm-Leach-Bliley Act for Federal Functional Regulators3038-AB68
4232  Method for Determining Market Capitalization and Dollar Value of Average Daily Trading Volume; Application of the Definition of Narrow-Based Security Index3038-AB77
4233  Procedures for Exempting Brokers or Dealers From the Commodity Exchange Act3038-AB81
4234  Procedures for Notice-Designation as a Contract Market in Security Futures Products and Exemptions from the Commodity Exchange Act3038-AB82
4235  Notice Registration as a Futures Commission Merchant or Introducing Broker for Certain Securities Brokers or Dealers3038-AB84


Commodity Futures Trading Commission (CFTC)

Proposed Rule Stage

 


4206. DENOMINATION OF CUSTOMER FUNDS AND LOCATION OF DEPOSITORIES

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

Legal Authority:

7 USC 1a; 7 USC 2; 7 USC 5; 7 USC 6a to 6d; 7 USC 6f to 6g; 7 USC 12a; 7 USC 19

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

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 01/00/02
NPRM Comment Period End 03/00/02

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Helene D. Schroeder, Special Counsel, 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: hschroeder@cftc.gov

RIN:

3038-AB31

4207. MINIMUM FINANCIAL REQUIREMENTS FOR FUTURES COMMISSION MERCHANTS AND INTRODUCING BROKERS

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

Legal Authority:

7 USC 6f

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 1.17

Legal Deadline:

None

Abstract:

The Commission is requesting public comment on proposed amendments to Rule 1.17 that would adopt a risk-based capital requirement for futures commission merchants.

Timetable:
Action Date FR Cite
NPRM 12/00/01
NPRM Comment Period End 02/00/02

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: tsmith@cftc.gov

RIN:

3038-AB64

4208. REGULATION OF HYBRID INSTRUMENTS

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

Legal Authority:

7 USC 1 et seq, as amended by PL 106-554, 114 Stat. 2763

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

Not Yet Determined

Legal Deadline:

None

Abstract:

The Commission is required, after consulting with and obtaining the concurrence of the Board of Governors of the Federal Reserve System, to prescribe regulations to govern hybrid instruments if it determines that it is in the public interest and consistent with the Commodity Exchange Act, and the product is not predominantly a banking product under the test enumerated in title IV of the Commodity Futures Modernization Act of 2000.

Timetable:
Action Date FR Cite
NPRM 01/00/02

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Elizabeth L.R. Fox, Acting Deputy 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: efox@cftc.gov

RIN:

3038-AB69

4209. USE OF BROKER-DEALERS, DEPOSITORY INSTITUTIONS, AND FARM CREDITING SYSTEM INSTITUTIONS AS INTERMEDIARIES ON DERIVATIVES TRANSACTION EXECUTION FACILITIES

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

Legal Authority:

7 USC 1 et seq, as amended by PL 106-554, 114 Stat. 2763

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

Not Yet Determined

Legal Deadline:

None

Abstract:

The Commission is required to coordinate with the Securities and Exchange Commission, the Secretary of the Treasury and Federal banking regulators (including the Farm Credit Administration) in adopting rules and taking any other appropriate action to implement the provisions of the Commodity Futures Modernization Act of 2000 relating to the use of broker-dealers, depository institutions, and farm credit system institutions as intermediaries on derivatives transaction execution facilities.

Timetable:
Action Date FR Cite
NPRM 01/00/02

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

Agency Contact:

Elizabeth L.R. Fox, Acting Deputy 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: efox@cftc.gov

RIN:

3038-AB70

4210. MARGIN REQUIREMENTS FOR SECURITY FUTURES PRODUCTS

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

Legal Authority:

7 USC 1 et seq, as amended by PL 106-554, 114 Stat. 2763

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 41.43 to 41.48

Legal Deadline:

None

Abstract:

The Board of Governors of the Federal Reserve System on March 6, 2001 delegated its authority to have the Commission and the Securities and Exchange Commission, within a reasonable period of time after delegation, jointly prescribe regulations to establish margin requirements, including the establishment of levels of margin, for security futures products.

Timetable:
Action Date FR Cite
NPRM 10/04/01 66 FR 50719
NPRM Comment Period Extended to 12/05/2001 11/02/01 66 FR 55608
Correction 11/13/01 66 FR 56902
Final Action 02/00/02
Final Action Effective 03/00/02

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Elizabeth L.R. Fox, Acting Deputy 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: efox@cftc.gov

RIN:

3038-AB71

4211. AUTHORITY TO MODIFY SECURITY FUTURES PRODUCT LISTING STANDARDS

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

Legal Authority:

7 USC 2(a)(1)(D)(v)(I)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

Not Yet Determined

Legal Deadline:

None

Abstract:

The Commission and the Securities and Exchange Commission may adopt rules to jointly modify security futures product listing standards requiring that any security underlying the security future, including each component security of a narrow-based security index, be registered pursuant to section 12 of the Securities Exchange Act of 1934, and that the security futures be based upon common stock and such other equity securities as both agencies jointly determine appropriate.

Timetable:
Action Date FR Cite
NPRM 08/00/02

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

Agency Contact:

Elizabeth L.R. Fox, Acting Deputy 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: efox@cftc.gov

RIN:

3038-AB73

4212. COMPLIANCE DATE FOR SECURITY FUTURES PRODUCTS TO BE CLEARED BY A CLEARING AGENCY THAT HAS LINKED AND COORDINATED CLEARING WITH OTHER CLEARING AGENCIES

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

Legal Authority:

7 USC 1 et seq, as amended by PL 106-554, 114 Stat. 2763

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

Not Yet Determined

Legal Deadline:

None

Abstract:

The Commission and the Securities and Exchange Commission are required to jointly publish in the Federal Register a notice of the compliance date for requiring security futures products to be cleared by a clearing agency that has in place provisions for linked and coordinated clearing with other clearing agencies that clear security futures products to be purchased on one market and offset on another market that trades such product within 165 days of the compliance date.

Timetable:
Action Date FR Cite
NPRM 01/00/02

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

Agency Contact:

Elizabeth L.R. Fox, Acting Deputy 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: efox@cftc.gov

RIN:

3038-AB74

4213. OFFERING AND SELLING SECURITY FUTURES PRODUCTS TRADED ON FOREIGN BOARDS OF TRADE TO UNITED STATES PERSONS

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

Legal Authority:

7 USC 1 et seq, as amended by PL 106-554, 114 Stat. 2763

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

Not Yet Determined

Legal Deadline:

None

Abstract:

The Commission and the Securities and Exchange Commission are required to jointly issue 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.

Timetable:
Action Date FR Cite
NPRM 01/00/02

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

Agency Contact:

Elizabeth L.R. Fox, Acting Deputy 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: efox@cftc.gov

RIN:

3038-AB75

4214. AVOIDANCE OF DUPLICATIVE OR CONFLICTING REGULATIONS APPLICABLE TO DUAL REGISTRANTS

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

Legal Authority:

7 USC 1 et seq, as amended by PL 106-554, 114 Stat. 2763

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

Not Yet Determined

Legal Deadline:

None

Abstract:

The Commission, in consultation with the Securities and Exchange Commission, is required to issue rules, regulations, or orders as are necessary to avoid duplicative or conflicting regulations applicable to dual registrants involving security futures products.

Timetable:
Action Date FR Cite
NPRM 10/04/01 66 FR 50785
NPRM Comment Period Extended to 12/05/2001 11/02/01 66 FR 55608
Final Action 02/00/02
Final Action Effective 03/00/02

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

Agency Contact:

Elizabeth L.R. Fox, Acting Deputy 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: efox@cftc.gov

RIN:

3038-AB76

4215. REQUIREMENTS FOR FOREIGN STOCK INDEX CONTRACTS TO QUALIFY AS NON-NARROW-BASED INDICES

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

Legal Authority:

7 USC 1 et seq, as amended by PL 106-554, 114 Stat. 2763

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

Not Yet Determined

Legal Deadline:

Other, Statutory, December 21, 2001, Prior to 12/21/2001.
Within one year after the date of enactment of the Commodity Futures Modernization Act of 2000.

Abstract:

Prior to December 21, 2001, the Commission and the Securities and Exchange Commission are required to jointly adopt 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 10/00/01

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

Agency Contact:

Elizabeth L.R. Fox, Acting Deputy 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: efox@cftc.gov

RIN:

3038-AB78

4216. SPECIAL PROCEDURES TO ENCOURAGE AND FACILITATE BONA FIDE HEDGING BY AGRICULTURAL PRODUCERS

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

Legal Authority:

7 USC 1 et seq, as amended by PL 106-554, 114 Stat. 2763

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

Not Yet Determined

Legal Deadline:

None

Abstract:

The Commission is required to consider issuing rules or orders which prescribe procedures for contract markets to provide orderly delivery and increased ease for domestic agricultural producers to hedge price risk.

Timetable:
Action Date FR Cite
NPRM 12/00/01

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

Agency Contact:

Elizabeth L.R. Fox, Acting Deputy 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: efox@cftc.gov

RIN:

3038-AB79

4217. ¤ REGULATION CONCERNING CONDUCT OF MEMBERS AND EMPLOYEES AND FORMER MEMBERS AND EMPLOYEES OF THE COMMISSION, 17 CFR PART 140

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

Legal Authority:

7 USC 4a(f); 7 USC 4a(j); 7 USC 12a(5); 7 USC 13

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 140.735

Legal Deadline:

None

Abstract:

The proposed rule would amend the Commission's standards of conduct relating to business transactions and interests.

Timetable:
Action Date FR Cite
NPRM 12/00/01

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

Federal

Agency Contact:

Susan Nathan, Assistant 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: snathan@cftc.gov

RIN:

3038-AB85

4218. ¤ CASH SETTLEMENT AND REGULATORY HALTS REQUIRED FOR SECURITY FUTURES PRODUCTS

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

Legal Authority:

7 USC 2(a)(1)(D)(i)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 41.25

Legal Deadline:

None

Abstract:

The Commission and the Securities and Exchange Commission are required to jointly publish in the Federal Register requirements for listing standards for security futures products relating to the cash settlement of contracts and regulatory trading halts.

Timetable:
Action Date FR Cite
NPRM 08/30/01 66 FR 45903
NPRM Comment Period End 10/01/01

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Richard A. Shilts, Acting Director, Division of Economic Analysis, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5260
Fax: 202 418-5527
Email: rshilts@cftc.gov

RIN:

3038-AB86


Commodity Futures Trading Commission (CFTC)

Final Rule Stage

 


4219. PERFORMANCE DISCLOSURES FOR COMMODITY TRADING ADVISORS AND COMMODITY POOL OPERATORS

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

Legal Authority:

7 USC 6n; 7 USC 6o; 7 USC 12a

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

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 12/00/01

Regulatory Flexibility Analysis Required:

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: rwasserman@cftc.gov

RIN:

3038-AB39

4220. REGISTRATION EXEMPTIONS PERTAINING TO THE OFFER AND SALE OF FOREIGN FUTURES AND FOREIGN OPTIONS CONTRACTS TO CUSTOMERS LOCATED IN THE UNITED STATES

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

Legal Authority:

7 USC 2(a)(1)(A); 7 USC 6(b); 7 USC 6c

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

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 03/00/02
Final Action Effective 05/00/02

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Susan A. Elliott, Attorney Advisor, 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: selliott@cftc.gov

RIN:

3038-AB45

4221. PROHIBITION AGAINST DUAL TRADING

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

Legal Authority:

7 USC 1 et seq, as amended by PL 106-554, 114 Stat. 2763

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

Not Yet Determined

Legal Deadline:

None

Abstract:

The Commission is required to issue regulations to prohibit dual trading in security futures products on contract markets and derivatives transaction execution facilities.

Timetable:
Action Date FR Cite
NPRM 07/11/01 66 FR 36218
NPRM Comment End 08/10/01
Final Action 12/00/01
Final Action Effective 12/00/01

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

Agency Contact:

Rachel F. Berdansky, Attorney Advisor, Division of Trading and Markets, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5429
Fax: 202 418-5536
Email: rberdansky@cftc.gov

RIN:

3038-AB83

4222. ¤ LISTING STANDARDS AND CONDITIONS FOR TRADING SECURITY FUTURES PRODUCTS

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

Legal Authority:

7 USC 2(a)(1)(D)(i)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 41.21 to 41.25

Legal Deadline:

None

Abstract:

The Commission is required to publish in the Federal Register requirements and certifications for listing standards for security futures products.

Timetable:
Action Date FR Cite
NPRM 07/20/01 66 FR 37932
NPRM Comment Period End 08/20/01
Final Action 12/00/01

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Additional Information:

The July 20, 2001 NPRM (66 FR 37932) was published with an erroneous RIN, 3038-AB73.

Agency Contact:

Richard A. Shilts, Acting Director, Division of Economic Analysis, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5260
Fax: 202 418-5527
Email: rshilts@cftc.gov

RIN:

3038-AB87


Commodity Futures Trading Commission (CFTC)

Long-Term Actions

 


4223. PUBLIC REPORTING BY OPERATORS OF CERTAIN LARGE COMMODITY POOLS—REGULATIONS 4.7, 4.12, AND 4.27

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 4.7; 17 CFR 4.12; 17 CFR 4.27 (Proposed)

Timetable:

Next Action Undetermined

Action Date FR Cite
NPRM 04/17/00 65 FR 20395
NPRM Comment Period End 06/16/00

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Tobey Kaczensky
Phone: 202 418-5460
Fax: 202 418-5520
Email: tkaczensky@cftc.gov

RIN:

3038-AB40

4224. TRADE OPTIONS ON ENUMERATED AGRICULTURAL COMMODITIES

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 32.13

Timetable:

Next Action Undetermined

Action Date FR Cite
NPRM 12/13/00 65 FR 77838
NPRM Comment Period End 12/28/00

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

Agency Contact:

Paul M. Architzel
Phone: 202 418-5260
Fax: 202 418-5527
Email: parchitzel@cftc.gov
Nancy E. Yanofsky
Phone: 202 418-5292
Fax: 202 418-5567
Email: nyanofsky@cftc.gov

RIN:

3038-AB61

4225. EXEMPTION FROM COMPLIANCE WITH THE LISTING STANDARDS FOR SECURITY FUTURES PRODUCTS

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

Not Yet Determined

Timetable:
Action Date FR Cite
NPRM 12/00/03

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

Agency Contact:

Elizabeth L.R. Fox
Phone: 202 418-5120
Fax: 202 418-5524
Email: efox@cftc.gov

RIN:

3038-AB72


Commodity Futures Trading Commission (CFTC)

Completed Actions

 


4226. SEGREGATED ACCOUNT; DAILY COMPUTATION AND RECORD

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 1.32

Completed:
Reason Date FR Cite
Final Action 08/07/01 66 FR 41131
Final Action Effective 08/07/01

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

Agency Contact:

Thomas J. Smith
Phone: 202 418-5495
Email: tsmith@cftc.gov

RIN:

3038-AB52

4227. NEW REGULATORY FRAMEWORK FOR TRADING FACILITIES

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Other Significant

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 1; 17 CFR 5; 17 CFR 15; 17 CFR 20; 17 CFR 36; 17 CFR 37; 17 CFR 38; 17 CFR 40; 17 CFR 41; 17 CFR 100; 17 CFR 170; 17 CFR 180; ...

Completed:
Reason Date FR Cite
Final Action 08/10/01 66 FR 42256
Final Action Effective 10/09/01

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

Agency Contact:

Paul M. Architzel
Phone: 202 418-5260
Fax: 202 418-5527
Email: parchitzel@cftc.gov
Alan L. Seifert
Phone: 202 418-5490
Email: aseifert@cftc.gov
Riva Spear Adriance
Phone: 202 418-5494
Fax: 202 418-5536
Email: radriance@cftc.gov
Nancy E. Yanofsky
Phone: 202 418-5292
Fax: 202 418-5567
Email: nyanofsky@cftc.gov

RIN:

3038-AB63

4228. RULES RELATING TO INTERMEDIARIES OF COMMODITY INTEREST TRANSACTIONS

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 1.3; 17 CFR 1.10; 17 CFR 1.17; 17 CFR 1.33; 17 CFR 1.46; 17 CFR 1.52; 17 CFR 1.55; 17 CFR 3.1; 17 CFR 3.10; 17 CFR 3.21; 17 CFR 3.31; 17 CFR 3.32; 17 CFR 3.34; 17 CFR 3, app A; 17 CFR 3, app B; 17 CFR 4.10; 17 CFR 4.24; 17 CFR 4.32; 17 CFR 4.34; 17 CFR 140.91; 17 CFR 155.2; 17 CFR 155.3; 17 CFR 155.4; 17 CFR 155.5; 17 CFR 155.6; 17 CFR 166.5

Completed:
Reason Date FR Cite
NPRM 08/28/01 66 FR 45221
Final Action 10/23/01 66 FR 53510
Final Action Effective 10/23/01

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

Agency Contact:

Lawrence B. Patent
Phone: 202 418-5439
Email: lpatent@cftc.gov

RIN:

3038-AB65

4229. A NEW REGULATORY FRAMEWORK FOR CLEARING ORGANIZATIONS

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 39

Completed:
Reason Date FR Cite
NPRM 05/14/01 66 FR 24308
Final Action 08/29/01 66 FR 45604
Final Action Effective 10/29/01

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

Agency Contact:

Lois J. Gregory
Phone: 202 418-5260
Fax: 202 418-5536
Email: lgregory@cftc.gov

RIN:

3038-AB66

4230. OPTING OUT OF SEGREGATION BY ELIGIBLE CONTRACT PARTICIPANTS IN CONNECTION WITH DERIVATIVES TRANSACTION EXECUTION FACILITY TRANSACTIONS

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 1.3(gg); 17 CFR 1.3(uu); 17 CFR 1.12; 17 CFR 1.17; 17 CFR 1.37; 17 CFR 1.68; 17 CFR 190.01(bb)

Completed:
Reason Date FR Cite
Final Action 04/25/01 66 FR 20740
Final Action Effective 06/19/01

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

Agency Contact:

Michael A. Piracci
Phone: 202 418-5446
Fax: 202 418-5536
Email: mpiracci@cftc.gov

RIN:

3038-AB67

4231. CFTC CONFORMANCE WITH TITLE V PRIVACY PROVISIONS OF THE GRAMM-LEACH-BLILEY ACT FOR FEDERAL FUNCTIONAL REGULATORS

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 160

Completed:
Reason Date FR Cite
Final Action 04/27/01 66 FR 21236
Final Action Effective 06/21/01

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

Agency Contact:

Elizabeth L.R. Fox
Phone: 202 418-5120
Fax: 202 418-5524
Email: efox@cftc.gov

RIN:

3038-AB68

4232. METHOD FOR DETERMINING MARKET CAPITALIZATION AND DOLLAR VALUE OF AVERAGE DAILY TRADING VOLUME; APPLICATION OF THE DEFINITION OF NARROW-BASED SECURITY INDEX

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 41.1; 17 CFR 41.2; 17 CFR 41.10 to 41.14

Completed:
Reason Date FR Cite
NPRM 05/17/01 66 FR 27559
Final Action Effective 08/21/01
Final Action 08/23/01 66 FR 44489

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

Agency Contact:

Elizabeth L.R. Fox
Phone: 202 418-5120
Fax: 202 418-5524
Email: efox@cftc.gov

RIN:

3038-AB77

4233. PROCEDURES FOR EXEMPTING BROKERS OR DEALERS FROM THE COMMODITY EXCHANGE ACT

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 41; 17 CFR 140

Completed:
Reason Date FR Cite
NPRM 04/19/01 66 FR 20118
Final Action 08/17/01 66 FR 43083
Final Action Effective 10/09/01

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

Agency Contact:

Christopher W. Cummings
Phone: 202 418-5445
Fax: 202 418-5536
Email: ccummings@cftc.gov

RIN:

3038-AB81

4234. PROCEDURES FOR NOTICE-DESIGNATION AS A CONTRACT MARKET IN SECURITY FUTURES PRODUCTS AND EXEMPTIONS FROM THE COMMODITY EXCHANGE ACT

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 41; 17 CFR 140

Completed:
Reason Date FR Cite
NPRM 05/31/01 66 FR 29517
Final Action Effective 08/21/01
Final Action 08/27/01 66 FR 44960

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

Agency Contact:

Joshua Marlow
Phone: 202 418-5484
Fax: 202 418-5536
Email: jmarlow@cftc.gov

RIN:

3038-AB82

4235. ¤ NOTICE REGISTRATION AS A FUTURES COMMISSION MERCHANT OR INTRODUCING BROKER FOR CERTAIN SECURITIES BROKERS OR DEALERS

Agency:

Commodity Futures Trading Commission (CFTC)

Priority:

Substantive, Nonsignificant

Legal Authority:

7 USC 1 et seq, as amended by PL 106-554, 114 Stat. 2763

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 3.10; 17 CFR 170.15

Legal Deadline:

None

Abstract:

Registered securities broker/dealers that, among other things, limit their involvement with commodity futures contracts to security futures products, may notice register as a futures commission merchant or introducing broker. Such notice-registered futures commission merchants are not required to become members of the National Futures Association.

Timetable:
Action Date FR Cite
NPRM 05/17/01 66 FR 27476
NPRM Comment Extended 06/22/01 66 FR 33494
NPRM Comment End 07/11/01
Final Action 08/17/01 66 FR 43080
Correction 09/10/01 66 FR 47059
Final Action Effective 09/17/01

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Barbara S. 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
Fax: 202 418-5536
Email: bgold@cftc.gov

RIN:

3038-AB84