[Federal Register Volume 62, Number 11 (Thursday, January 16, 1997)]
[Proposed Rules]
[Pages 2334-2335]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-1027]


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COMMODITY FUTURES TRADING COMMISSION

17 CFR Part 1


Proposed Rulemaking Concerning Contract Market Rule Review 
Procedures

AGENCY: Commodity Futures Trading Commission.

ACTION: Proposed rulemaking; extension of comment period.

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SUMMARY: On December 17, 1996, the Commodity Futures Trading Commission 
(``Commission'') published in the Federal Register a proposed 
rulemaking that would amend the Commission's procedures for reviewing 
contract market rules that do not relate to contract terms and 
conditions (61 FR 66241). The proposal would shorten the Commission's 
time frame for reviewing complex rules and streamline the review 
process so that rule changes generally could be deemed approved or be 
permitted to be put into effect without Commission approval. The 
comment period for the proposed

[[Page 2335]]

rulemaking is scheduled to end on January 16, 1997. The Commission has 
determined, in this instance, to extend the comment period.

DATES: Comments on the proposed rulemaking must be received by January 
31, 1997.

ADDRESSES: Comments should be mailed to Jean A. Webb, Secretary, 
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street, N.W., Washington, D.C. 20581; transmitted by facsimile to (202) 
418-5521; or transmitted electronically to [[email protected]].

FOR FURTHER INFORMATION CONTACT: David P. Van Wagner, Special Counsel, 
Division of Trading and Markets, Commodity Futures Trading Commission, 
Three Lafayette Centre, 1155 21st Street, N.W., Washington, D.C. 20581. 
Telephone: (202) 418-5490.

SUPPLEMENTARY INFORMATION: The Futures Industry Association (``FIA'') 
has filed a petition requesting an extension of time to submit comments 
on the Commission's proposed rulemaking concerning the review of non-
term and condition contract market rule changes. FIA requested a 
thirty-day extension of the comment period for the proposed rulemaking 
that currently is scheduled to close on January 16, 1997. FIA stated 
that it was requesting an extension of the comment period in order to 
ensure that its members had sufficient opportunity to consider the 
proposed rulemaking and to prepare any appropriate comment.
    The Commission has determined to extend the comment period for the 
proposed rulemaking by fifteen days until January 31, 1997. The 
Commission believes that such an extension of the comment period should 
permit FIA, FIA's members and any other interested parties to evaluate 
fully the Commission's proposed rulemaking and to submit their comments 
to the Commission, while also allowing the Commission to deal with this 
rulemaking in an expeditious manner.

    Issued in Washington, D.C. on January 9, 1997, by the 
Commission.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 97-1027 Filed 1-15-97; 8:45 am]
BILLING CODE 6351-01-P