Commodity Futures Trading Commission

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TitleActionFR DocPublishedAgency NameExcerptsAbstractHTMLPDF
TitleActionFR DocPublishedAgency NameExcerptsAbstractHTMLPDF
Adaptation of Regulations to Incorporate SwapsProposed Rule2011-1227006/07/2011Commodity Futures Trading CommissionThe Dodd-Frank Wall Street Reform and Consumer Protection Act (``Dodd-Frank Act'' or ``DFA'') established a comprehensive new statutory framework for swaps and security-based swaps. The Dodd-Frank Act repeals some sections of the Com … The Dodd-Frank Wall Street Reform and Consumer Protection Act (``Dodd-Frank Act'' or ``DFA'') established a comprehensive new statutory framework for swaps and security-based swaps. The Dodd-Frank Act repeals some sections of the Commodity Exchange Act (``CEA'' or ``Act''), amends others, and adds a number of new provisions. The DFA also requires the Commodity Futures Trading Commission (``CFTC'' or ``Commission'') to promulgate a number of rules to implement the new framework. The Commission has proposed numerous rules to satisfy its obligations under the DFA. Because the Dodd-Frank Act makes so many changes to the existing statutory and regulatory frameworks, the proposed rules would make a number of conforming changes to the CFTC's regulations to integrate them more fully with the new statutory and regulatory framework (``Proposal'').adaptation-of-regulations-to-incorporate-swapsFR-Doc-2011-12270
Significant Price Discovery Contracts on Exempt Commercial MarketsRuleE9-604403/23/2009Commodity Futures Trading CommissionThe Commodity Futures Trading Commission (``CFTC'' or ``Commission'') is promulgating final rules to implement those provisions of the CFTC Reauthorization Act of 2008 (``Reauthorization Act'') \\1\\ relating to exempt commercial markets … The Commodity Futures Trading Commission (``CFTC'' or ``Commission'') is promulgating final rules to implement those provisions of the CFTC Reauthorization Act of 2008 (``Reauthorization Act'') \\1\\ relating to exempt commercial markets (``ECMs'') on which significant price discovery contracts (``SPDCs'') are traded or executed. In addition to promulgating regulations mandated by the Reauthorization Act, the Commission also is amending existing regulations applicable to registered entities in order to clarify that such regulations are now applicable to ECMs with SPDCs. ---------------------------------------------------------------------------https://www.federalregister.gov/documents/2009/03/23/E9-6044/significant-price-discovery-contracts-on-exempt-commercial-marketsFR-Doc-E9-6044
Significant Price Discovery Contracts on Exempt Commercial MarketsProposed RuleE8-2886712/12/2008Commodity Futures Trading CommissionThe Commodity Futures Trading Commission (``Commission'' or ``CFTC'') is proposing rules to implement the CFTC Reauthorization Act of 2008 (``Reauthorization Act'').\\1\\ In pertinent part, the Reauthorization Act amends the Commod … The Commodity Futures Trading Commission (``Commission'' or ``CFTC'') is proposing rules to implement the CFTC Reauthorization Act of 2008 (``Reauthorization Act'').\\1\\ In pertinent part, the Reauthorization Act amends the Commodity Exchange Act to significantly expand the CFTC's regulatory authority over exempt commercial markets (``ECMs''), which had heretofore operated largely outside the Commission's regulatory reach, by creating a new regulatory category-- ECMs with significant price discovery contracts (``SPDCs'')--and directing the Commission to adopt rules to implement this expanded authority. In addition to proposing regulations mandated by the Reauthorization Act, the Commission is also proposing to amend existing regulations applicable to registered entities in order to clarify that such regulations are now applicable to ECMs with SPDCs. ---------------------------------------------------------------------------https://www.federalregister.gov/documents/2008/12/12/E8-28867/significant-price-discovery-contracts-on-exempt-commercial-marketsFR-Doc-E8-28867
Special CallsProposed RuleE7-1198406/22/2007Commodity Futures Trading CommissionThe Commodity Futures Trading Commission (``Commission'') is proposing to amend Part 21 of its regulations relating to special calls for information. The proposed amendments would: add to the types of information specified in Sec. 2 … The Commodity Futures Trading Commission (``Commission'') is proposing to amend Part 21 of its regulations relating to special calls for information. The proposed amendments would: add to the types of information specified in Sec. 21.02, which must be furnished upon special call, information regarding exchanges of futures for physical commodities or for derivatives positions, and information regarding delivery notices issued and stopped; and delegate to the Director of the Division of Market Oversight and the Director's delegatees, the ability to issue special calls pursuant to sections 21.01 and 21.02.https://www.federalregister.gov/documents/2007/06/22/E7-11984/special-callsFR-Doc-E7-11984
Technical and Clarifying Amendments to Rules for Exempt Markets, Derivatives Transaction Execution Facilities and Designated Contract Markets, and Procedural Changes for Derivatives Clearing Organization Registration ApplicationsRule06-24201/12/2006Commodity Futures Trading CommissionOn August 10, 2001, the Commodity Futures Trading Commission (``Commission'') published final rules implementing the provisions of the Commodity Futures Modernization Act of 2000 (``CFMA'') relating to trading facilities.\\1\\ These amen … On August 10, 2001, the Commodity Futures Trading Commission (``Commission'') published final rules implementing the provisions of the Commodity Futures Modernization Act of 2000 (``CFMA'') relating to trading facilities.\\1\\ These amendments are intended to clarify and codify acceptable practices under the rules for trading facilities, based on the Commission's experience over the intervening four years in applying those rules, including the adoption of several amendments to the original rules over the same period. The amendments also include various technical corrections and conforming amendments to the rules. In addition, these amendments revise the application and review process for registration as a derivatives clearing organization (``DCO'') by eliminating the presumption of automatic fast-track review of applications and replacing it with the presumption that all applications will be reviewed pursuant to the 180-day timeframe and procedures specified in Section 6(a) of the Commodity Exchange Act (``CEA'' or ``Act''). In lieu of the current 60-day automatic fast- track review, the Commission will permit applicants to request expedited review and to be registered as a DCO by affirmative Commission action not later than 90 days after the Commission receives the application. ---------------------------------------------------------------------------https://www.federalregister.gov/documents/2006/01/12/06-242/technical-and-clarifying-amendments-to-rules-for-exempt-markets-derivatives-transaction-executionFR-Doc-06-242
Technical and Clarifying Amendments to Rules for Exempt Markets, Derivatives Transaction Execution Facilities and Designated Contract Markets, and Procedural Changes for Derivatives Clearing Organization Registration ApplicationsProposed Rule05-1346707/11/2005Commodity Futures Trading CommissionOn August 10, 2001, the Commodity Futures Trading Commission (``Commission'') published final rules implementing the provisions of the Commodity Futures Modernization Act of 2000 (``CFMA'') relating to trading facilities.\\1\\ The amendm … On August 10, 2001, the Commodity Futures Trading Commission (``Commission'') published final rules implementing the provisions of the Commodity Futures Modernization Act of 2000 (``CFMA'') relating to trading facilities.\\1\\ The amendments proposed herein are intended to clarify and codify acceptable practices under the rules for trading facilities, based on the Commission's experience over the intervening four years in applying those rules, including the adoption of several amendments to the original rules over the same period. The proposed amendments also would make various technical corrections and conforming amendments to the rules. ---------------------------------------------------------------------------https://www.federalregister.gov/documents/2005/07/11/05-13467/technical-and-clarifying-amendments-to-rules-for-exempt-markets-derivatives-transaction-executionFR-Doc-05-13467
Application Procedures for Registration as a Derivatives Transaction Execution Facility or Designation as a Contract MarketRule04-2561411/22/2004Commodity Futures Trading CommissionThe Commodity Futures Trading Commission (Commission or CFTC) is amending its regulations to revise the application and review procedures for registration as a Derivatives Transaction Execution Facility (DTEF) or designation as a Con … The Commodity Futures Trading Commission (Commission or CFTC) is amending its regulations to revise the application and review procedures for registration as a Derivatives Transaction Execution Facility (DTEF) or designation as a Contract Market (DCM). The amendments eliminate the presumption of automatic fast-track review of applications and replace it with the presumption that all applications will be reviewed pursuant to the statutory 180-day timeframe and procedures specified in Section 6(a) of the Commodity Exchange Act (CEA or Act). In lieu of the automatic fast-track review (under which applicants were deemed to be registered as DTEFs 30 days, or designated as DCMs 60 days, after receipt of an application), the amendments permit applicants to request expedited review and to be registered as a DTEF or designated as a DCM by the Commission not later than 90 days after the date of receipt of the application. The amendments also, among other things, more completely identify application content requirements; provide that review under the expedited review procedures may be terminated if it appears that the application is materially incomplete, raises novel or complex issues that require additional time for review, or has undergone substantive amendment or supplementation during the review period; reorganize the paragraphs being revised; and eliminate duplication. The amendments are responsive to the Commission's experience in processing applications and reflect administrative practices that have been implemented since the rules were first adopted.https://www.federalregister.gov/documents/2004/11/22/04-25614/application-procedures-for-registration-as-a-derivatives-transaction-execution-facility-orFR-Doc-04-25614
Application Procedures for Registration as a Derivatives Transaction Execution Facility or Designation as a Contract MarketProposed Rule04-1994609/01/2004Commodity Futures Trading CommissionThe Commodity Futures Trading Commission (Commission or CFTC) is proposing to revise the application and review procedures for registration as a Derivatives Transaction Execution Facility (DTEF) or designation as a Contract Market (DCM … The Commodity Futures Trading Commission (Commission or CFTC) is proposing to revise the application and review procedures for registration as a Derivatives Transaction Execution Facility (DTEF) or designation as a Contract Market (DCM). Specifically, the Commission is proposing to eliminate the presumption of automatic fast-track review of applications and replace it with the presumption that all applications will be reviewed pursuant to the statutory 180-day timeframe and procedures specified in Section 6(a) of the Commodity Exchange Act (CEA or Act). In lieu of the automatic fast-track review (under which applicants were deemed to be registered as DTEFs 30 days, or designated as DCMs 60 days, after receipt of an application), the Commission is proposing to permit applicants to request expedited review and to be registered as a DTEF or designated as a DCM by the Commission not later than 90 days after the date of receipt of the application. The Commission is also proposing, among other things, to more completely identify application content requirements; to provide that review under the expedited review procedures may be terminated if it appears that the application is materially incomplete, raises novel or complex issues that require additional time for review, or has undergone substantive amendment or supplementation during the review period; to reorganize the paragraphs being revised; and to eliminate duplication. The Commission is proposing these amendments based upon its experience in processing applications and in light of administrative practices that have been implemented since the rules were first adopted.https://www.federalregister.gov/documents/2004/09/01/04-19946/application-procedures-for-registration-as-a-derivatives-transaction-execution-facility-orFR-Doc-04-19946
Exempt Commercial MarketsRule04-1631907/20/2004Commodity Futures Trading CommissionThe Commodity Futures Trading Commission (``Commission'') is promulgating final rules relating to electronic trading facilities that operate in reliance on the exemption in section 2(h)(3) of the Commodity Exchange Act (``the Act''). F … The Commodity Futures Trading Commission (``Commission'') is promulgating final rules relating to electronic trading facilities that operate in reliance on the exemption in section 2(h)(3) of the Commodity Exchange Act (``the Act''). First, the Commission is amending Rule 36.3(b), which governs Commission access to information regarding transactions on such trading facilities, to provide for access to more relevant and useful information from all such markets. Second, the Commission is amending Rule 36.3(c)(2) to require those electronic trading facilities that operate in reliance on the exemption in section 2(h)(3) and that perform a significant price discovery function for transactions in the underlying cash market to publicly disseminate certain specified trading data. These price discovery rules are being promulgated pursuant to section 2(h)(4) of the Act, which authorizes the Commission to prescribe rules and regulations to ensure timely dissemination by such trading facilities of price, trading volume, and other trading data to the extent appropriate.https://www.federalregister.gov/documents/2004/07/20/04-16319/exempt-commercial-marketsFR-Doc-04-16319
Exempt Commercial MarketsProposed Rule03-2943711/25/2003Commodity Futures Trading CommissionThe Commodity Futures Trading Commission (``Commission'') is proposing two actions relating to electronic trading facilities that operate in reliance on the exemption in section 2(h)(3) of the Commodity Exchange Act (``the Act''). Firs … The Commodity Futures Trading Commission (``Commission'') is proposing two actions relating to electronic trading facilities that operate in reliance on the exemption in section 2(h)(3) of the Commodity Exchange Act (``the Act''). First, the Commission is proposing to amend Rule 36.3(b), which governs Commission access to information regarding transactions on such trading facilities, to provide for access to more relevant and useful information from all such markets. Second, the Commission is proposing rules that would require those electronic trading facilities that operate in reliance on the exemption in section 2(h)(3) and that perform a significant price discovery function for transactions in the underlying cash market to publicly disseminate certain specified trading data. These price discovery rules are being proposed pursuant to section 2(h)(4) of the Act, which authorizes the Commission to prescribe rules and regulations to ensure timely dissemination by such trading facilities of price, trading volume, and other trading data to the extent appropriate.https://www.federalregister.gov/documents/2003/11/25/03-29437/exempt-commercial-marketsFR-Doc-03-29437
Amendments to New Regulatory Framework for Trading Facilities and Clearing OrganizationsRule02-2547610/09/2002Commodity Futures Trading CommissionThe Commodity Futures Trading Commission (Commission or CFTC) is adopting a number of technical amendments to its rules implementing the Commodity Futures Modernization Act of 2000 with respect to trading facilities and clearing organ … The Commodity Futures Trading Commission (Commission or CFTC) is adopting a number of technical amendments to its rules implementing the Commodity Futures Modernization Act of 2000 with respect to trading facilities and clearing organizations. The rules add new categories of exchange rules or rule amendments that need not be approved by or self- certified to the Commission; amend the definitions of ``rule'' and ``dormant contract;'' add new definitions of ``dormant contract market,'' ``dormant derivatives transaction execution facility,'' and ``dormant derivatives clearing organization''; and add a procedure for listing or relisting products for trading on a registered entity that has become dormant.https://www.federalregister.gov/documents/2002/10/09/02-25476/amendments-to-new-regulatory-framework-for-trading-facilities-and-clearing-organizationsFR-Doc-02-25476
Amendments to New Regulatory Framework for Trading Facilities and Clearing OrganizationsProposed Rule02-1003104/26/2002Commodity Futures Trading CommissionThe Commodity Futures Trading Commission (Commission or CFTC) is proposing a number of technical amendments to its rules implementing the Commodity Futures Modernization Act of 2000 with respect to trading facilities and clearing … The Commodity Futures Trading Commission (Commission or CFTC) is proposing a number of technical amendments to its rules implementing the Commodity Futures Modernization Act of 2000 with respect to trading facilities and clearing organizations. The Commission is proposing additional categories of exchange rules or rule amendments that need not be self-certified to the Commission; amendments to the definitions of ``rule'' and ``dormant contract;'' the addition of new definitions of ``dormant contract market,'' ``dormant derivatives transaction execution facility,'' and ``dormant derivatives clearing organization''; and the addition of a procedure for listing or relisting products for trading on a registered entity that has become dormant.https://www.federalregister.gov/documents/2002/04/26/02-10031/amendments-to-new-regulatory-framework-for-trading-facilities-and-clearing-organizationsFR-Doc-02-10031
A New Regulatory Framework for Trading Facilities, Intermediaries and Clearing OrganizationsRule01-1949608/10/2001Commodity Futures Trading CommissionThe Commodity Futures Trading Commission (Commission or CFTC) is promulgating final rules to implement those provisions of the Commodity Futures Modernization Act of 2000 (CFMA) relating to trading facilities. The CFMA profoun … The Commodity Futures Trading Commission (Commission or CFTC) is promulgating final rules to implement those provisions of the Commodity Futures Modernization Act of 2000 (CFMA) relating to trading facilities. The CFMA profoundly altered federal regulation of commodity futures and option markets. The new statutory framework establishes two categories of markets subject to Commission regulatory oversight, designated contract markets and registered derivatives transaction execution facilities, and two categories of exempt markets, exempt boards of trade and exempt commercial markets. These rules establish administrative procedures necessary to implement the CFMA, interpret certain of the CFMA's provisions and provide guidance on compliance with various of its requirements. In addition, the Commission, under its exemptive authority, in a limited number of instances is providing relief from, or greater flexibility than, the CFMA's provisions. Rules implementing the CFMA relating to clearing organizations were recently proposed in a separate notice of proposed rulemaking (66 FR 24308 (May 14, 2001)), and rules pertaining to intermediaries which were previously withdrawn will be reproposed at a later time.https://www.federalregister.gov/documents/2001/08/10/01-19496/a-new-regulatory-framework-for-trading-facilities-intermediaries-and-clearing-organizationsFR-Doc-01-19496
A New Regulatory Framework for Trading Facilities, Intermediaries and Clearing OrganizationsProposed Rule01-561803/09/2001Commodity Futures Trading CommissionThe Commodity Futures Trading Commission (Commission or CFTC) is proposing rules to implement the Commodity Futures Modernization Act of 2000 and the Commission's new regulatory framework. These proposed rules apply to trading facil … The Commodity Futures Trading Commission (Commission or CFTC) is proposing rules to implement the Commodity Futures Modernization Act of 2000 and the Commission's new regulatory framework. These proposed rules apply to trading facilities. The proposed rules implement the new statutory framework establishing three new market categories, including exempt markets and two categories of markets subject to Commission regulatory oversight--designated contract markets and registered derivatives transaction execution facilities. These proposed rules implement statutory changes that profoundly alter federal regulation of commodity futures and option markets. Nothing in these rules, however, diminishes the Commission's responsibility for overseeing and enforcing compliance by self-regulatory organizations, Commission registrants and market participants with the provisions of the Commodity Exchange Act. The remaining parts of the framework relating to clearing organizations and to intermediaries will be reproposed shortly.https://www.federalregister.gov/documents/2001/03/09/01-5618/a-new-regulatory-framework-for-trading-facilities-intermediaries-and-clearing-organizationsFR-Doc-01-5618
A New Regulatory Framework for Multilateral Transaction Execution Facilities, Intermediaries and Clearing OrganizationsRule00-3026712/13/2000Commodity Futures Trading CommissionThe Commodity Futures Trading Commission (Commission or CFTC) is promulgating a new regulatory framework to apply to multilateral transaction execution facilities, to market intermediaries and to clearing organizations. This new fram … The Commodity Futures Trading Commission (Commission or CFTC) is promulgating a new regulatory framework to apply to multilateral transaction execution facilities, to market intermediaries and to clearing organizations. This new framework constitutes a broad exemption under the authority of section 4(c) of the Commodity Exchange Act (Act or CEA) from many of the current rules applicable to designated contract markets. In addition, the new framework relies more heavily on disclosure rather than merit regulation. It establishes three new market categories, including the category of exempt multilateral transaction execution facility and two categories of Commission-recognized and regulated multilateral transaction execution facilities. In companion releases published in this edition of the Federal Register, the Commission also is adopting new rules for intermediaries and entities that clear derivative transactions. These final rules make fundamental and far-reaching changes to Federal regulation of commodity futures and option markets. However, nothing in these rules alters or diminishes the Commission's responsibility for overseeing and enforcing compliance by self-regulatory organizations, Commission registrants and market participants with the provisions of the Act. The Commission in a companion release published in this edition of the Federal Register also is expanding and clarifying the operation of the current swaps exemption. Nothing in these releases, however, would affect the continued vitality of the Commission's exemption for swaps transactions under part 35 of its rules, or any of its other existing exemptions, policy statements or interpretations. Moreover, nothing in the final rules would affect the application of any statutory exclusion, including in particular, the applicability of the exclusion under section 2(a)(1)(A)(ii), known as ``the Treasury Amendment.''https://www.federalregister.gov/documents/2000/12/13/00-30267/a-new-regulatory-framework-for-multilateral-transaction-execution-facilities-intermediaries-andFR-Doc-00-30267
Exemption for Bilateral TransactionsRule00-3027012/13/2000Commodity Futures Trading CommissionThe Commodity Futures Trading Commission (Commission or CFTC) is adopting final rules to clarify the operation of the current swaps exemption. In addition, in a companion notice of final rulemaking published in this edition of the Fe … The Commodity Futures Trading Commission (Commission or CFTC) is adopting final rules to clarify the operation of the current swaps exemption. In addition, in a companion notice of final rulemaking published in this edition of the Federal Register, the Commission is adopting rules that provide for the clearing of transactions under the revised exemption. The Commission, in other companion releases, also is adopting a new regulatory framework to apply to multilateral transaction execution facilities and to market intermediaries. This new framework establishes a number of new market categories, including a category of exempt multilateral transaction execution facility. Nothing in these releases, however, affects the continued vitality of the Commission's exemption for swaps transactions in effect before December 13, 2000, or any of its other existing exemptions, policy statements or interpretations.https://www.federalregister.gov/documents/2000/12/13/00-30270/exemption-for-bilateral-transactionsFR-Doc-00-30270
A New Regulatory Framework for Multilateral Transaction Execution Facilities, Intermediaries and Clearing OrganizationsProposed Rule00-1491406/22/2000Commodity Futures Trading CommissionThe Commodity Futures Trading Commission (Commission or CFTC) is proposing a new regulatory framework to apply to multilateral transaction execution facilities, to market intermediaries and to clearing organizations. This new framework … The Commodity Futures Trading Commission (Commission or CFTC) is proposing a new regulatory framework to apply to multilateral transaction execution facilities, to market intermediaries and to clearing organizations. This new framework constitutes a broad exemption under the authority of section 4(c) of the Commodity Exchange Act from many of the current rules applicable to designated contract markets. In addition, the proposed framework to a large degree relies more heavily on disclosure rather than merit regulation. It establishes three new market categories, including the category of exempt multilateral transaction execution facility and two categories of Commission-recognized and regulated multilateral transaction execution facilities. In companion releases published in this edition of the Federal Register, the Commission also is proposing new rules for intermediaries and regulations applicable to entities that clear derivative transactions. These notices propose far-reaching and fundamental changes to modernize Federal regulation of commodity futures and option markets. The Commission also is proposing in a companion release published in this edition of the Federal Register to expand and to clarify the operation of the current swaps exemption. Nothing in these releases, however, would affect the continued vitality of the Commission's exemption for swaps transactions under Part 35 of its rules, or any of its other existing exemptions, policy statements or interpretations. Moreover, nothing in the proposed rules would affect the application of any statutory exclusion, including in particular, the applicability of the exclusion under section 2(a)(1)(A)(ii), popularly known as ``the Treasury Amendment.''https://www.federalregister.gov/documents/2000/06/22/00-14914/a-new-regulatory-framework-for-multilateral-transaction-execution-facilities-intermediaries-andFR-Doc-00-14914
Exemption for Bilateral TransactionsProposed Rule00-1491706/22/2000Commodity Futures Trading CommissionThe Commodity Futures Trading Commission (Commission or CFTC) is proposing to clarify the operation of the current swaps exemption, 17 CFR Part 35. In addition, in a companion notice of proposed rulemaking on clearing, the Commission … The Commodity Futures Trading Commission (Commission or CFTC) is proposing to clarify the operation of the current swaps exemption, 17 CFR Part 35. In addition, in a companion notice of proposed rulemaking on clearing, the Commission is proposing rules clarifying that transactions under its Part 35 swaps exemption can be cleared. The Commission, in companion releases published in this edition of the Federal Register, also is proposing a new regulatory framework to apply to multilateral transaction execution facilities, to market intermediaries and to clearing organizations. This new framework establishes a number of new market categories, including a category of exempt multilateral transaction execution facility. Nothing in these releases, however, would affect the continued vitality of the Commission's exemption for swaps transactions under Part 35 of its rules, or any of its other existing exemptions, policy statements or interpretations.https://www.federalregister.gov/documents/2000/06/22/00-14917/exemption-for-bilateral-transactionsFR-Doc-00-14917
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