[Federal Register Volume 69, Number 180 (Friday, September 17, 2004)]
[Rules and Regulations]
[Page 55949]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-21021]


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COMMODITY FUTURES TRADING COMMISSION

17 CFR Part 1

RIN 3038--AB64


Minimum Financial and Related Reporting Requirements for Futures 
Commission Merchants and Introducing Brokers; Correction

AGENCY: Commodity Futures Trading Commission.

ACTION: Final rule; correction.

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SUMMARY: This document corrects typographical errors in a final rule 
that was published in the Federal Register on August 12, 2004. This 
document also corrects the inadvertent omission of technical 
corrections that were described in the preamble of the published 
document but which were not included in the amendatory language of the 
final rule.

DATES: Effective as of September 30, 2004.

FOR FURTHER INFORMATION CONTACT: Thelma Diaz, Special Counsel, at (202) 
418-5137, Commodity Futures Trading Commission, Three Lafayette Centre, 
1155 21st Street, NW., Washington, DC 20581. Electronic mail: 
[email protected].

SUPPLEMENTARY INFORMATION: In a document published in the Federal 
Register of August 12, 2004 (69 FR 49784), the Commodity Futures 
Trading Commission (``Commission'') announced amendments to Commission 
rules relating to the minimum financial and related reporting 
requirements for futures commission merchants and introducing brokers. 
As discussed in the preamble, at page 49791, footnote 36, the 
amendments included technical corrections to revise references to 
``1.17(a)(1)(ii)'' to read ``1.17(a)(1)(iii)'' within Rules 1.10(j)(8) 
and 1.17(a)(2), in order to reflect prior Commission rulemaking that 
had redesignated Rule 1.17(a)(1)(ii). However, these technical 
corrections were inadvertently omitted from the amendatory language in 
the published document, and the amendatory language also contained 
typographical errors. This document corrects both the omission and the 
typographical errors in the published document.


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In FR Doc. 04-18349, appearing at pages 49784 through 49800 in the 
Federal Register of Thursday, August 12, 2004, the following 
corrections are made:

PART 1--[Corrected]

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1. On page 49795, in the second column, in amendatory instruction 
Number 2, beginning in the second line, the language that reads ``(e), 
and (f)'' is corrected to read ``(e), (f), and (j)(8)(ii)(A)''.


Sec.  1.10  [Corrected]

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2. On page 49795, in the third column, in Sec.  1.10, in paragraph 
(c)(3), seventh line, the phrase ``a registrant'' in corrected to read 
``an applicant''.
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3. On page 49797, in the first column, in Sec.  1.10, in paragraph 
(f)(1)(ii)(B), in the last line of the paragraph, the phrase 
subparagraph (f)(1(ii) is corrected to read as ``paragraph 
(f)(1)(ii)''.
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4. On page 49797, in the first column, in Sec.  1.10, after the five 
asterisks that follow paragraph (f)(2)(ii), and before amendatory 
instruction Number 3, the section is corrected by adding the following:
    (j) * * *
    (8) * * *
    (ii)(A) Notwithstanding the provisions of paragraph (j)(8)(i) of 
this section or of Sec.  1.17(a), an introducing broker that is a party 
to a guarantee agreement that has been terminated in accordance with 
the provisions of paragraph (j)(5)(ii) of this section shall not be 
deemed to be in violation of the minimum adjusted net capital 
requirement of Sec.  1.17(a)(1)(iii) or (a)(2) for 30 days following 
such termination. Such an introducing broker must cease doing business 
as an introducing broker on or after the effective date of such 
termination, and may not resume doing business as an introducing broker 
unless and until it files a new agreement or either:
* * * * *


Sec.  1.16  [Corrected]

0
5. On page 49798, following the second column, in amendatory 
instruction Number 4, the section heading ``Sec.  11.16 Qualifications 
and reports of accountants'' is corrected to read as ``Sec.  1.16 
Qualifications and reports of accountants''.
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6. On page 49799, in the first column, in amendatory instruction Number 
5, the second line, the language that reads ``paragraphs (a)(1)(i)(B) 
and (b)(4)'' is corrected to read as ``paragraph (a)(1)(i)(B), the 
first sentence of paragraph (a)(2)(ii), and paragraph (b)(4)''.


Sec.  1.17  [Corrected]

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7. On page 49799, in the first column, in Sec.  1.17, after the five 
asterisks that follow paragraph (a)(1)(i)(B)(2), and before paragraph 
(b), the section is corrected by adding the following:
    (2) * * *
    (ii) The minimum requirements of paragraph (a)(1)(iii) of this 
section shall not be applicable to an introducing broker which elects 
to meet the alternative adjusted net capital requirement for 
introducing brokers by operation pursuant to a guarantee agreement 
which meets the requirements set forth in Sec.  1.10(j). * * *
* * * * *

    Issued in Washington, DC, on September 13, 2004, by the 
Commission.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 04-21021 Filed 9-16-04; 8:45 am]
BILLING CODE 6351-01-M