[Federal Register Volume 63, Number 181 (Friday, September 18, 1998)]
[Proposed Rules]
[Page 49883]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-25046]


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COMMODITY FUTURES TRADING COMMISSION

17 CFR Parts 1, 17, 18 and 150


Revision of Federal Speculative Position Limits and Associated 
Rules

AGENCY: Commodity Futures Trading Commission.

ACTION: Proposed rule; extension of comment period.

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SUMMARY: The Commodity Futures Trading Commission (``Commission'') on 
July 17, 1998, published in the Federal Register a Notice of Proposed 
Rulemaking. In that notice, the Commission proposed to revise 
Commission speculative position limits, to codify various policies 
relating to the requirement that exchanges set speculative position 
limits as required by Commission rule 1.61, to amend the applicability 
of the limited exemption from non-spot month speculative position 
limits under Commission rule 150.3 for entities that authorize 
independent account controllers to trade on their behalf and to amend 
the Commission's rule on aggregation. Comments on the proposals were 
due by September 15, 1998.
    On September 10, 1998, the Managed Funds Association requested that 
the Commission extend the comment period for thirty days, ``to insure 
that a more complete and responsive comment letter can be prepared.'' 
The Commission is granting this request.

DATES: Comments must be received by October 19, 1998.

ADDRESSES: Comments should be mailed to the Commodity Futures Trading 
Commission, Three Lafayette Centre, 1155 21st Street, NW., Washington, 
DC 20581, attention: Office of the Secretariat; transmitted by 
facsimile at (202) 418-5521; or transmitted electronically at 
[[email protected]]. Reference should be made to ``Speculative 
Position Limits.''

FOR FURTHER INFORMATION CONTACT:
Paul M. Architzel, Chief Counsel, Division of Economic Analysis, 
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street, NW., Washington, DC 20581, (202) 418-5260, or electronically, 
[PA[email protected]].

    Issued in Washington, DC, on this 14th day of September, 1998, 
by the Commodity Futures Trading Commission.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 98-25046 Filed 9-17-98; 8:45 am]
BILLING CODE 6351-01-M