[Federal Register Volume 70, Number 177 (Wednesday, September 14, 2005)]
[Proposed Rules]
[Pages 54323-54324]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-18174]


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COMMODITY FUTURES TRADING COMMISSION

17 CFR Parts 36, 37, 38, 39 and 40


Technical and Clarifying Amendments to Rules for Exempt Markets, 
Derivatives Transaction Execution Facilities and Designated Contract 
Markets, and Procedural Changes for Derivatives Clearing Organization 
Registration Applications

AGENCY: Commodity Futures Trading Commission.

ACTION: Reopening of comment period.

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SUMMARY: On July 11, 2005, the Commission published in the Federal 
Register a request for comments on proposed Technical and Clarifying 
Amendments to rules for Exempt Markets, Derivatives Transaction 
Execution Facilities and Designated Contract Markets, and Procedural 
Changes for Derivatives Clearing Organization Registration 
Applications. The proposed amendments are intended to: Clarify and 
codify acceptable

[[Page 54324]]

practices under the Commission's rules for trading facilities, 
implemented pursuant to the Commodity Futures Modernization Act of 
2000, based on the Commission's experience in applying those rules 
since they were originally adopted in 2001; and revise the application 
and review process for designation as a derivatives clearing 
organization. The original comment period closed on September 9, 2005.
    By letter dated September 6, 2005, the New York Mercantile Exchange 
(``NYMEX'') requested that the comment period be extended 15 days, to 
September 26, 2005. NYMEX requested the additional time because, due to 
current extreme energy market conditions, the Exchange staff will be 
unable to properly circulate its response and obtain the necessary 
committee approvals and other review necessary to file a comment prior 
to the original close of the comment period on September 9, 2005.
    In response to this request, and in order to ensure that an 
adequate opportunity is provided for the submission of meaningful 
comments, the Commission will reopen and extend the comment period on 
the proposed rules.

DATES: Responses must be received by September 26, 2005.

ADDRESSES: Comments should be sent to the Commodity Futures Trading 
Commission, Three Lafayette Center, 1155 21st Street, NW., Washington, 
DC 20581, attention: Office of the Secretariat. Comments may be sent by 
facsimile transmission to 202-418-5521 or, by e-mail to 
[email protected]. Reference should be made to ``Proposed Clarifying 
Amendments for Exempt Markets, Derivatives Transaction Execution 
Facilities and Designated Contract Markets, and Procedural Changes for 
Derivatives Clearing Organization Registration Applications.''

FOR FURTHER INFORMATION CONTACT: Donald Heitman, Senior Special Counsel 
(telephone 202-418-5041, e-mail [email protected]), Division of Market 
Oversight, or Lois Gregory, Special Counsel (telephone 202-418-5521, e-
mail [email protected]), Division of Clearing and Intermediary 
Oversight, Commodity Futures Trading Commission, Three Lafayette 
Center, 1155 21st Street, NW., Washington, DC 20581.

    Issued in Washington, DC, on September 8, 2005, by the 
Commission.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 05-18174 Filed 9-13-05; 8:45 am]
BILLING CODE 6351-01-M