[Federal Register Volume 59, Number 208 (Friday, October 28, 1994)]
[Unknown Section]
[Page ]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-26751]


[Federal Register: October 28, 1994]


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COMMODITY FUTURES TRADING COMMISSION


Financial Products Advisory Committee

November 17, 1994.
    This is to give notice, pursuant to section 10(a) of the Federal 
Advisory Committee Act, 5 U.S.C. App. 2 section 10(a) and 41 CFR 101-
6.1015(b), that the Commodity Futures Trading Commission's Financial 
Products Advisory Committee will conduct a public meeting in the Lower 
Level Hearing Room (B-1) at the Commission's Washington, D.C. 
headquarters located at 2033 K Street, N.W., Washington, D.C. 20581, on 
November 17, 1994, beginning at 1:30 p.m. and lasting until 5 p.m. The 
agenda will consist of:

Agenda

    1. A briefing by the CFTC staff on the status of the CFTC's 
proposed risk assessment rules, followed by discussion/comments on 
the CFTC's proposed rules by FPAC members.
    2. A briefing by the CME on its new trading procedures for 
strips of Eurodollar futures contracts and proposals to tighten EFP 
rules on Eurodollars.
    3. A briefing by the SEC on its recently released report 
regarding mutual fund use of OTC derivatives, including possible 
revisions to restrictions on leveraged transactions; the staff will 
also provide an update on the status of the SEC's proposed rules on 
third party custodial accounts.
    4. A panel discussion of customer protection issues in OTC 
derivative markets, including the perceived need for a 
``suitability'' standard to apply to OTC derivative transactions. 
The panel will include perspectives from the end-user community; the 
OCC and its experience in applying its ``appropriateness'' standard; 
as well as views from Congressional staff about the possibility of 
suitability legislation.
    5. A briefing by CFTC staff regarding the Commission's proposed 
rules to grant exemptive relief from certain requirements of the CEA 
under Section 4(c) for professional trading markets.
    6. Wrap-up, discussion of other committee business and future 
agenda items.

    The purpose of this meeting is to solicit the views of the 
Committee on these agenda matters. The Advisory Committee was created 
by the Commodity Futures Trading Commission for the purpose of advising 
the Commission on the assessment of issues concerning individuals and 
industries interested in or affected by financial markets regulated by 
the Commission. The purposes and objectives of the Advisory Committee 
are more fully set forth in the April 23, 1993 Charter of the Advisory 
Committee.
    The meeting is open to the public. The Chairman of the Advisory 
Committee, CFTC Commissioner Sheila C. Bair, is empowered to conduct 
the meeting in a fashion that will, in her judgment, facilitate the 
orderly conduct of business. Any member of the public who wishes to 
file a written statement with the Advisory Committee should mail a copy 
of the statement to the attention of: the Commodity Futures Trading 
Commission Financial Products Advisory Committee, c/o Kristyn H. 
Burnett, 2033 K Street, N.W., Washington, D.C. 20581, before the 
meeting. Members of the public who wish to make oral statements should 
also inform Ms. Burnett in writing at the foregoing address at least 
three business days before the meeting. Reasonable provision will be 
made, if time permits, for an oral presentation of no more than five 
minutes each in duration.

    Issued by the Commission in Washington, D.C., on October 24, 
1994.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 94-26751 Filed 10-27-94; 8:45 am]
BILLING CODE 6351-01-M