[Federal Register Volume 70, Number 225 (Wednesday, November 23, 2005)]
[Proposed Rules]
[Pages 70749-70750]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-23148]


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COMMODITY FUTURES TRADING COMMISSION

17 CFR Parts 1, 145 and 147

RIN 3038-AC05


Alternative Market Risk and Credit Risk Capital Charges for 
Futures Commission Merchants and Specified Foreign Currency Forward and 
Inventory Capital Charges

AGENCY: Commodity Futures Trading Commission.

[[Page 70750]]


ACTION: Reopening comment period.

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SUMMARY: The Commodity Futures Trading Commission (``Commission'') is 
reopening the comment period for interested parties to comment on 
proposed amendments to Parts 1, 145 and 147 of the Commission's 
regulations.

DATES: Written comments must be received on or before November 30, 
2005.

ADDRESSES: You may submit comments by any of the following methods:
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     E-mail [email protected]. Include ``Proposed Amendment to 
Rule 1.17'' in the subject line of the message.
     Fax: (202) 418-5521.
     Mail: Send to Jean A. Webb, Secretary of the Commission, 
Commodity Futures Trading Commission, 1155 21st Street, NW., 
Washington, DC 20581.
     Courier: Same as Mail above.
    All comments received will be posted without change to http://www.cftc.gov, including any personal information provided.

FOR FURTHER INFORMATION CONTACT: Thomas J. Smith, Deputy Director and 
Chief Accountant, at (202) 418-5430, or Thelma Diaz, Special Counsel, 
at (202) 418-5137, Division of Clearing and Intermediary Oversight, 
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street, NW., Washington, DC 20581. Electronic mail: ([email protected]) 
or ([email protected]).

SUPPLEMENTARY INFORMATION: On October 11, 2005, the Commission 
published a notice of proposed rulemaking that sought comment on 
proposed amendments to Commission Regulations 1.10(h), 1.17(c), 145.5, 
and 147.3.\1\ The proposed amendments, if adopted, would permit 
qualifying futures commission merchants (``FCMs'') that are also 
registered as securities broker-dealers (``BDs'') to use certain 
alternative capital charges approved by the Securities and Exchange 
Commission (``SEC''). The proposed amendments also addressed 
confidential treatment for the new reports and statements that FCM/BDs 
using the alternative capital charges would be required to file, and 
also addressed the confidential treatment of certain other information 
that all FCM/BDs must file with both the Commission and the SEC. The 
release published in the Federal Register also included proposed 
amendments to reduce the capital deductions specified in Regulation 
1.17 for uncovered inventory or forward contracts in specified foreign 
currencies.\2\
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    \1\ 70 FR 58985 (October 11, 2005). The Commission also proposed 
conforming amendments to Regulations 1.10(d)(4)(ii), 1.10(f)(1), 
1.16(c)(5), 1.18(a) and (b)(2), and 1.52(a).
    \2\ The RIN Number for the release published in the Federal 
Register on October 11, 2005 was identified as 3038-AC19. The 
correct RIN Number, 3038-AC05, has been used in this release.
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    The Commission established a 30-day period for submitting public 
comment on the proposed amendments, ending November 10, 2005. By letter 
dated November 9, 2005, an association of securities industry 
participants, whose members include firms that are registered as FCMs 
and BDs, requested an extension of the original comment period.\3\ In 
response to this request, and in order to ensure that an adequate 
opportunity is provided for submission of meaningful comments, the 
Commission has determined to reopen the comment period on the proposed 
amendments until seven days from the date of publication of this notice 
in the Federal Register.
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    \3\ A copy of the letter is available on the Commission's Web 
site at http://www.cftc.gov.

    Issued in Washington, DC, on November 17, 2005, by the 
Commission.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 05-23148 Filed 11-22-05; 8:45 am]
BILLING CODE 6351-01-M