[Federal Register Volume 63, Number 177 (Monday, September 14, 1998)]
[Notices]
[Page 49094]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-24574]



[[Page 49094]]

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COMMODITY FUTURES TRADING COMMISSION


Petition of the London Clearing House Limited for Exemption 
Pursuant to Section 4(c) of the Commodity Exchange Act

AGENCY: Commodity Futures Trading Commission.

ACTION: Extension of comment period on petition for exemption.

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SUPPLEMENTARY INFORMATION: The Commodity Futures Trading Commission 
(Commission) published for comment on July 7, 1998 (63 FR 36657), a 
petition submitted by the London Clearing House Limited (LCH) 
requesting an exemption, pursuant to Section 4(c) of the Commodity 
Exchange Act, in connection with LCH's proposed provision of clearing 
services for certain swap agreements. Comments on LCH's petition were 
due by September 8, 1998. In response to a request by the International 
Swaps and Derivatives Association, Inc., the Commission has determined 
to extend the comment period for an additional 15 days. The extended 
deadline for comments on the LCH petition is September 23, 1998. The 
Commission believes that this extension should give all parties 
sufficient time to consider and comment upon the LCH petition and will 
look with disfavor upon any further requests for an extension of the 
comment period.
    Any person interested in submitting comments on the LCH petition 
should submit them by the specified date to Jean A. Webb, Secretary, 
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street, N.W., Washington, DC 20581. In addition, comments may be sent 
by facsimile transmission to facsimile number (202) 418-5521, or by 
electronic mail to [email protected].
    Copies of the LCH petition are available for inspection at the 
Office of the Secretariat at the above address. Copies also may be 
obtained through the Office of the Secretariat at the above address or 
by telephone at (202) 418-5100 or on the Commission's Internet web site 
(http://www.cftc.gov).

DATES: Comments must be received on or before September 23, 1998.

FOR FURTHER INFORMATION: Thomas E. Joseph, Attorney Adviser, Division 
of Trading and Markets, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st Street, NW., Washington, DC 20581. 
Telephone (202) 418-5430.

    Issued in Washington, DC on September 8, 1998 by the Commodity 
Futures Trading Commission.
Jean Webb,
Secretary of the Commission.
[FR Doc. 98-24574 Filed 9-11-98; 8:45 am]
BILLING CODE 6351-01-M