[Federal Register Volume 83, Number 51 (Thursday, March 15, 2018)]
[Notices]
[Pages 11507-11508]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-05271]


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COMMODITY FUTURES TRADING COMMISSION


Market Risk Advisory Committee

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice; request for nominations and topic submissions.

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SUMMARY: The Commodity Futures Trading Commission (CFTC or Commission) 
is requesting nominations for membership on the Market Risk Advisory 
Committee (MRAC or Committee) and also inviting the submission of 
potential topics for discussion at future Committee meetings. The MRAC 
is a discretionary advisory committee established by the Commission in 
accordance with the Federal Advisory Committee Act.

DATES: The deadline for the submission of nominations and topics is 
March 29, 2018.

ADDRESSES: Nominations and topics for discussion at future MRAC 
meetings should be emailed to [email protected] or sent by hand 
delivery or courier to Alicia L. Lewis, MRAC Designated Federal Officer 
and Special Counsel to Commissioner Rostin Behnam, Commodity Futures 
Trading Commission, Three Lafayette Centre, 1155 21st Street NW, 
Washington, DC 20581. Please use the title ``Market Risk Advisory 
Committee'' for any nominations or topics you submit.

FOR FURTHER INFORMATION CONTACT: Alicia L. Lewis, MRAC Designated 
Federal Officer and Special Counsel to Commissioner Rostin Behnam at 
(202) 418-5862 or email: [email protected].

SUPPLEMENTARY INFORMATION: The MRAC was established to conduct public 
meetings and submit reports and recommendations to the Commission on 
matters of public concern to clearinghouses, exchanges, swap execution 
facilities, swap data repositories, intermediaries, market makers, 
service providers, end-users (e.g., consumers) and the Commission 
regarding (1) systemic issues that threaten the stability of the 
derivatives markets and other related financial markets, and (2) the 
impact and implications of the evolving market structure of the 
derivatives markets and other related financial markets. The duties of 
the MRAC are solely advisory and include advising the Commission with 
respect to the effects that developments in the structure of the 
derivatives markets have on the systemic issues that impact the 
stability of the derivatives markets and other financial markets. The 
MRAC also makes recommendations to the Commission on how to improve 
market structure and mitigate risk to support the Commission's mission 
of ensuring the integrity of the derivatives markets and monitoring and 
managing systemic risk. Determinations of actions to be taken and 
policy to be expressed with respect to the reports or recommendations 
of the MRAC are made solely by the Commission.
    MRAC members generally serve as representatives and provide advice 
reflecting the views of organizations and entities that constitute the 
structure of the derivatives and financial markets. The MRAC may also 
include regular government employees when doing so furthers purposes of 
the MRAC. Historically, the MRAC has had approximately 30 members with 
the following types of entities with interests in the derivatives 
markets and systemic risk being represented: (i) Exchanges, (ii) 
clearinghouses, (iii) swap execution facilities, (iv) swap data 
repositories, (v) intermediaries, (vi) market makers, (vii) service 
providers, (viii) end-users, (ix) academia, (x) public interest groups, 
and (xi) regulators. The MRAC has held approximately 2-4 meetings per 
year. MRAC members serve at the pleasure of the Commission. In 
addition, MRAC members do not receive compensation or honoraria for 
their services, and they are not reimbursed for travel and per diem 
expenses.

[[Page 11508]]

    The Commission seeks members who represent organizations or groups 
with an interest in the MRAC's mission and function and reflect a wide 
range of perspectives and interests related to the derivatives markets 
and other financial markets. To advise the Commission effectively, MRAC 
members must have a high-level of expertise and experience in the 
derivatives and financial markets and the Commission's regulation of 
such markets, including from a historical perspective. To the extent 
practicable, the Commission will strive to select members reflecting 
wide ethnic, racial, gender, and age representation. MRAC members 
should be open to participating in a public forum.
    The Commission invites the submission of nominations for MRAC 
membership. Each nomination submission should include relevant 
information about the proposed member, such as the individual's name, 
title, and organizational affiliation as well as information that 
supports the individual's qualifications to serve on the MRAC. The 
submission should also include suggestions for topics for discussion at 
future MRAC meetings as well as the name and email or mailing address 
of the person nominating the proposed member.
    Submission of a nomination is not a guarantee of selection as a 
member of the MRAC. As noted in the MRAC's Membership Balance Plan, the 
CFTC identifies members for the MRAC based on Commissioners' and 
Commission staff professional knowledge of the derivatives and other 
financial markets, consultation with knowledgeable persons outside the 
CFTC, and requests to be represented received from organizations. The 
office of the Commissioner primarily responsible for the MRAC plays a 
primary, but not exclusive, role in this process and makes 
recommendations regarding membership to the Commission. The Commission, 
by vote, authorizes members to serve on the MRAC.
    In addition, the Commission invites submissions from the public 
regarding the topics on which MRAC should focus. In other words, topics 
that:
    (a) Reflect matters of public concern to clearinghouses, exchanges, 
swap execution facilities, swap data repositories, intermediaries, 
market makers, service providers, end-users and the Commission 
regarding systemic issues that impact the stability of the derivatives 
markets and other related financial markets; and/or
    (b) Are important to otherwise assist the Commission in identifying 
and understanding the impact and implications of the evolving market 
structure of the derivatives markets and other related financial 
markets.
    Each topic submission should include the commenter's name and email 
or mailing address.

    Authority:  5 U.S.C. App. II.

    Dated: March 12, 2018.
Christopher J. Kirkpatrick,
Secretary of the Commission.
[FR Doc. 2018-05271 Filed 3-14-18; 8:45 am]
 BILLING CODE 6351-01-P