[Federal Register Volume 74, Number 66 (Wednesday, April 8, 2009)]
[Notices]
[Pages 15943-15944]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-7939]


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COMMODITY FUTURES TRADING COMMISSION


Establishment of Risk Management Advisory Committee

    The Commodity Futures Trading Commission has determined to 
establish a new advisory committee, the Risk Management Advisory 
Committee. The purpose of the committee is to conduct public meetings 
and to make reports and recommendations to the Commission on risk 
management issues involving or relevant to participants in the markets 
regulated by the Commission. The reports and

[[Page 15944]]

recommendations of the Risk Management Advisory Committee will be used 
by the Commission in evaluating regulatory and legislative issues 
falling within the Commission's statutory responsibilities. The 
committee also will serve as a vehicle for informed discussion of 
emerging issues relating to risk management and for communication 
regarding such issues among the Commission, market participants, 
regulators, and other relevant persons.
    The Risk Management Advisory Committee will have no operational 
responsibilities. The Commission will seek to achieve a balanced 
membership by appointing representatives of a cross section of the 
groups and interests involved in or affected by the Commission's 
actions relating to risk management.
    The Commission has determined that establishment of the Risk 
Management Advisory Committee is in the public interest and is 
necessary to enable the Commission to carry out its responsibilities in 
the most effective and responsive manner. Risk management is both a 
central purpose of the markets regulated by the Commission and a 
necessary component of their effective functioning. Recent economic 
developments have demonstrated the critical importance of risk 
management and the need for clearinghouses, firms and other market 
participants to thoroughly and systematically assess their risk 
management practices. Recent developments have similarly reemphasized 
the need for the Commission to effectively and efficiently assess 
industry risk controls, determine their ongoing effectiveness, and 
tailor oversight of regulated entities based upon accurate risk 
assessments. In these circumstances, an advisory committee focused on 
risk management will significantly advance the Commission's ability to 
carry out its mission.
    The charter of the Risk Management Advisory Committee will become 
effective upon its filing pursuant to 5 U.S.C. App. 2 section 9(c). The 
Commission expects to file the charter promptly upon completion of the 
15 day notice period specified by 41 CFR 102-3.65(b).
    Interested persons may obtain information by writing to the 
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street, NW., Washington, DC 20581.

    Issued in Washington, DC on April 2, 2009, by the Commission.
David Stawick,
Secretary of the Commission.
[FR Doc. E9-7939 Filed 4-7-09; 8:45 am]
BILLING CODE 6351-01-P