[Federal Register Volume 59, Number 24 (Friday, February 4, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-2141]


[[Page Unknown]]

[Federal Register: February 4, 1994]


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COMMODITY FUTURES TRADING COMMISSION

17 CFR Part 3

 

Registration

AGENCY: Commodity Futures Trading Commission.

ACTION: Conforming amendments.

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SUMMARY: This document contains amendments to 17 CFR Part 3 to reflect 
changes required by enactment of the Futures Trading Practices Act of 
1992.

EFFECTIVE DATE: February 4, 1994.

FOR FURTHER INFORMATION CONTACT:
Barbara Webster Black, Office of General Counsel, Commodity Futures 
Trading Commission, 2033 K Street NW., Washington, DC 20581. Telephone: 
(202) 254-9880.

SUPPLEMENTARY INFORMATION: 

Background

    In light of the recent passage of the Futures Trading Practices Act 
of 1992, 102 Cong., 2d Sess., Public Law 102-546 (Oct. 28, 1992), which 
amended the Commodity Exchange Act, the Commission has determined that 
17 CFR Part 3, Registration, should be amended to reflect the changes 
in the Commodity Exchange Act resulting from the Futures Trading 
Practices Act of 1992.

Need for Correction

    As published, the regulations contain references to designations of 
statutory provisions which have been changed and typographical errors 
which are in need of clarification.

List of Subjects in 17 CFR Part 3

    Commodity futures, Reporting and recordkeeping requirements.

PART 3--REGISTRATION

    Accordingly, 17 CFR Part 3 is amended by making the following 
conforming amendments:
    1. The authority citation for part 3 is revised to read as follows:

    Authority: 7 U.S.C. 1a, 2, 4, 4a, 6, 6b, 6c, 6d, 6e, 6f, 6g, 6h, 
6i, 6k, 6m, 6n, 6o, 6p, 8, 9, 9a, 12, 12a, 13b, 13c, 16a, 18, 19, 
21, 23; 5 U.S.C. 552, 552b.

Subpart B--[Amended]

    2. The authority citation for Part 3, Subpart B--Temporary Licenses 
is removed.

Subpart C--[Amended]

    3. The authority citation for Part 3, Subpart C--Denial, Suspension 
or Revocation of Registration is removed.

Subpart D--[Amended]

    4. The authority citation for Part 3, Subpart D--Notice Under 
Section 4k(5) of the Act is removed.

Subpart E--[Amended]

    5. The authority citation for Part 3, Subpart E--Delegation and 
Reservation of Authority is removed.


Sec. 3.75  [Amended]

    6. In Sec. 3.75(d), the phrase ``section 6(b) of the Act.'' is 
revised to read ``section 6(c) of the Act.''.

Appendix A to Part 3--[Amended]

    7. The authority citation for Appendix A to Part 3--INTERPRETATIVE 
STATEMENT WITH RESPECT TO SECTION 8a(2) (C) and (E) AND SECTION 8a(3) 
(J) AND (M) OF THE COMMODITY EXCHANGE ACT is removed.
    8. In Appendix A to part 3, the seventh paragraph, headed Section 
8a(2)(E), is revised to read:
    ``Section 8a(2)(E) of the Act authorizes the Commission to affect 
the registration of any person:

    If such person, within ten years preceding the filing of the 
application or at any time thereafter, has been found in a 
proceeding brought by the Commission or any Federal or State agency 
or other governmental body, or by agreement of settlement to which 
the Commission or any Federal or State agency or other governmental 
body is a party, (i) to have violated any provision of this Act, 
[the securities acts], chapter 96 of title 18 of the United States 
Code, or any similar statute of a State or foreign jurisdiction, or 
any rule, regulation, or order under any such statutes, or the rules 
of the Municipal Securities Rulemaking Board where such violation 
involves embezzlement, theft, extortion, fraud, fraudulent 
conversion, misappropriation of funds, securities or property, 
forgery, counterfeiting, false pretenses, bribery, or gambling, or 
(ii) to have willfully aided, abetted, counseled, commanded, 
induced, or procured such violation by any other person;

    9. In Appendix A to part 3, in the footnote to the first sentence 
of the ninth paragraph, the phrase ``Specifically, section 2(a)(1)(A) 
of the Act'' is revised to read ``Specifically section 2(a)(1)(A)(iii) 
of the Act''.
    10. In Appendix A to Part 3, the fourteenth paragraph, headed 
Section 8a(3)(J), is revised to read:
    ``Section 8a(3)(J) authorizes the Commission to affect the 
registration of any person if:

    such person is subject to an outstanding order denying, 
suspending, or expelling such person from membership in a contract 
market, a registered futures association, any other self-regulatory 
organization or any foreign regulatory body that the Commission 
recognizes as having a comparable regulatory program, or barring or 
suspending such person from being associated with any member or 
members of such contract market, association, self-regulatory 
organization, or foreign regulatory body.

    Issued in Washington, DC on January 25, 1994, by the Commission.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 94-2141 Filed 2-3-94; 8:45 am]
BILLING CODE 6351-01-M