[Federal Register Volume 73, Number 174 (Monday, September 8, 2008)]
[Proposed Rules]
[Pages 51961-51962]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-20684]
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COMMODITY FUTURES TRADING COMMISSION
17 CFR Parts 40, 41 and 145
RIN 3038-AC44
Confidential Information and Commission Records and Information
AGENCY: Commodity Futures Trading Commission.
ACTION: Extension of comment period.
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SUMMARY: On August 1, 2008, the Commission published in the Federal
Register a notice of proposed rulemaking to amend the procedures under
which designated contract markets, derivatives clearing organizations
and derivatives transaction execution facilities (collectively,
``registered entities'') may request confidential treatment for
products and rules submitted via certification procedures or for
Commission review and approval pursuant to parts 40 and 41 of the
Commission's regulations.\1\ Comments on the proposal originally were
due on September 2, 2008. The Commission is extending the comment
period in order to give interested persons additional time to comment
on the proposed amendments.
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\1\ 73 FR 44939 (Aug. 1, 2008).
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DATES: Comments must be received by September 17, 2008.
ADDRESSES: Comments may be submitted by any of the following methods:
Federal eRulemaking Portal: http://www.regulations.gov.
Mail/Hand Deliver: David Stawick, Secretary of the
Commission, Commodity Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street, NW., Washington, DC 20581.
E-mail: [email protected].
FOR FURTHER INFORMATION CONTACT: Susan Nathan, Senior Special Counsel,
(202) 418-5133; Division of Market Oversight, Commodity Futures Trading
Commission, Three Lafayette Centre, 1155 21st Street, NW., Washington,
DC 20581. E-mail: [email protected].
SUPPLEMENTARY INFORMATION: On August 1, 2008, the Commission published
and sought public comment on proposed amendments to part 40 of the
Commission's regulations to establish the exclusive procedure to be
followed by registered entities when requesting confidential treatment
for information required to be filed under parts 40 and 41, and to
clarify the circumstances under which requests for confidential
treatment will not be considered. Most confidential treatment requests
are made pursuant to Commission regulation 145, 17 CFR 145, which
implements the Freedom of Information Act, 5 U.S.C. 552 (FOIA). The
FOIA provides generally that the public has a right of access to agency
records except to the extent that the records, or portions of them, are
protected from disclosure by one or more of nine exemptions.
A registered entity requesting confidential treatment typically
invokes FOIA exemption (b)(4) on the ground that release of its
information will cause it commercial or competitive harm. Although
registered entities are required to make public much of the information
required by parts 40 and 41 of the Commission's regulations, registered
entities frequently request confidential treatment for filings
submitted under these parts. The confidential treatment procedures
established by Commission regulation 145.9 provide that requests for
confidentiality are not considered on the merits unless and until a
FOIA request is received for the specific
[[Page 51962]]
material. Accordingly, the Commission frequently is unable to act on
requests for confidential treatment of information it believes should
be made publicly available. The proposed amendments are intended to
permit staff to promptly resolve confidentiality issues in connection
with material submitted pursuant to parts 40 and 41 by creating, as
permitted by part 145, a separate procedure from that specified in
regulation 145.9. The proposed procedure would not be triggered by a
FOIA request but instead would require that registered entities
desiring confidential treatment for information submitted under parts
40 and 41 simultaneously file a detailed written justification in
support of such a request. Commission staff would make an initial
determination to grant or deny confidential treatment. The proposed
amendments to part 40 provide a process under which a registered entity
may appeal the staff's decision and further provide that in the event
of a subsequent FOIA request, both the requester and the submitter
would have the appeal rights specified in Commission regulation 145.9.
The comment period closes on September 2, 2008. By letter dated
August 29, 2008, The Chicago Mercantile Exchange requested additional
time to address the issues raised in the proposed rulemaking. In order
to encourage the submission of meaningful comments and to assure that
all views are considered in its final determination, the Commission has
determined to grant the request and to give full consideration to any
comment received during the extension period. Accordingly, the comment
period for the Commission's proposed amendments to parts 40, 41 and 145
is hereby extended to September 17, 2008.
Issued in Washington, DC on September 2, 2008, by the
Commission.
Sauntia S. Warfield,
Staff Assistant.
[FR Doc. E8-20684 Filed 9-5-08; 8:45 am]
BILLING CODE 6351-01-P