[Federal Register Volume 70, Number 244 (Wednesday, December 21, 2005)]
[Notices]
[Page 75794]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-24292]


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COMMODITY FUTURES TRADING COMMISSION


Self-Regulation and Self-Regulatory Organizations in the Futures 
Industry

AGENCY: Commodity Futures Trading Commission (``Commission'').

ACTION: Extension of comment period.

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SUMMARY: The Commission is extending the time for interested parties to 
respond to the Commission's Request for Comments on Self-Regulation and 
Self-Regulatory Organizations in the Futures Industry, published in the 
Federal Register on November 25, 2005.\1\
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    \1\ 70 FR 71090 (November 25, 2005).

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DATES: Responses must be received by January 23, 2006.

ADDRESSES: Written responses should be sent to Jean A. Webb, Secretary, 
Commodity Futures Trading Commission, Three Lafayette Center, 1155 21st 
Street, NW., Washington, DC 20581. Responses may also be submitted via 
e-mail at [email protected]. ``Self-Regulation and Self-Regulatory 
Organizations'' must be in the subject field of responses submitted via 
e-mail, and clearly indicated in written submissions. This document is 
also available for comment at http://www.regulations.gov.

FOR FURTHER INFORMATION CONTACT: Stephen Braverman, Deputy Director, 
(202) 418-5487; Rachel Berdansky, Special Counsel, (202) 418-5429; or 
Sebastian Pujol Schott, Attorney-Advisor, (202) 418-5641. Division of 
Market Oversight, Commodity Futures Trading Commission, Three Lafayette 
Center, 1155 21st Street, NW., Washington, DC 20581.

SUPPLEMENTARY INFORMATION: On November 25, 2005, the Commission 
published in the Federal Register a Request for Comments on Self-
Regulation and Self-Regulatory Organizations (``SROs''). The Request 
for Comments advances the Commission's review of self-regulation in the 
U.S. futures industry (``SRO Study'') by updating prior fact-finding, 
acknowledging recent industry developments, and offering interested 
parties an additional opportunity to comment as the SRO Study nears 
conclusion. Among other things, the Request for Comments addresses SRO 
governance; minimizing conflicts of interest within self-regulatory; 
the composition of SROs' boards of directors and disciplinary 
committees; the proper role and authority of independent, board-level 
regulatory oversight committees; and the impact of increasing 
competition, changing business models, and new ownership structures of 
SROs' self-regulatory responsibilities. Interested parties were invited 
to respond by January 9, 2006.
    By letter dated December 7, 2005, the Futures Industry Association 
(``FIA'') requested that the original comment period be extended by 14 
days. To encourage the submission of meaningful comments, the 
Commission has decided to grant the FIA's request. The comment period 
on the Request for Comments on Self-Regulation and Self-Regulatory 
Organizations is hereby extended to January 23, 2006.
    The Commission has previously indicated that the current Request 
for Comments, the 2004 Request for Comments on SRO Governance,\2\ and 
industry developments since the start of the SRO Study, would form the 
basis of a public Commission meeting on self-regulation and self-
regulatory organizations (``SRO Hearing''). The SRO Hearing has now 
been scheduled. Interested parties are directed to a Notice of Public 
Meeting (``Notice''), also published in today's Federal Register, for 
details on the date, time, and place of the SRO Hearing. Persons 
wishing to address the Commission must file a request to appear and 
supporting materials, as explained in the Notice.
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    \2\ 69 FR 32326 (June 9, 2004).

    Issued in Washington, DC on December 15, 2005, by the 
Commission.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 05-24292 Filed 12-20-05; 8:45 am]
BILLING CODE 6351-01-M