[Federal Register Volume 84, Number 181 (Wednesday, September 18, 2019)]
[Proposed Rules]
[Pages 49071-49072]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-20189]


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COMMODITY FUTURES TRADING COMMISSION

17 CFR Parts 3, 39, and 140

RIN 3038-AE65


Exemption From Derivatives Clearing Organization Registration

AGENCY: Commodity Futures Trading Commission.

ACTION: Extension of comment period.

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SUMMARY: On July 23, 2019, the Commodity Futures Trading Commission 
(Commission) published in the Federal Register a supplemental notice of 
proposed rulemaking (NPRM) titled Exemption from Derivatives Clearing 
Organization Registration. The comment period for the supplemental NPRM 
closes on September 23, 2019. The Commission is extending the comment 
period for this supplemental NPRM by an additional 60 days.

DATES: The comment period for the supplemental NPRM titled Exemption 
from Derivatives Clearing Organization Registration is extended through 
November 22, 2019.

ADDRESSES: You may submit comments, identified by ``Exemption from 
Derivatives Clearing Organization Registration'' and RIN number 3038-
AE65, by any of the following methods:
     CFTC Comments Portal: https://comments.cftc.gov. Select 
the ``Submit Comments'' link for this rulemaking and follow the 
instructions on the Public Comment Form.
     Mail: Send to Christopher Kirkpatrick, Secretary of the 
Commission, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street NW, Washington, DC 20581.
     Hand Delivery/Courier: Follow the same instructions as for 
Mail, above.
    Please submit your comments using only one of these methods. To 
avoid possible delays with mail or in-person deliveries, submissions 
through the CFTC Comments Portal are encouraged.
    All comments must be submitted in English, or if not, accompanied 
by an English translation. Comments will be posted as received to 
https://comments.cftc.gov. You should submit only information that you 
wish to make available publicly. If you wish the Commission to consider 
information that you believe is exempt from disclosure under the 
Freedom of Information Act (FOIA), a petition for confidential 
treatment of the exempt information may be submitted according to the 
procedures established in Sec.  145.9 of the Commission's 
regulations.\1\
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    \1\ 17 CFR 145.9.
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    The Commission reserves the right, but shall have no obligation, to 
review, pre-screen, filter, redact, refuse or remove any or all of your 
submission from https://comments.cftc.gov that it may deem to be 
inappropriate for publication, such as obscene language. All 
submissions that have been redacted or removed that contain comments on 
the merits of the rulemaking will be retained in the public comment 
file and will be considered as required under the Administrative 
Procedure Act and other applicable laws, and may be accessible under 
the FOIA.

FOR FURTHER INFORMATION CONTACT: Eileen A. Donovan, Deputy Director, 
202-418-5096, [email protected]; Parisa Abadi, Associate Director, 202-
418-6620, [email protected]; Eileen R. Chotiner, Senior Compliance 
Analyst, 202-418-5467, [email protected]; Brian Baum, Special Counsel, 
202-418-5654, [email protected]; August A. Imholtz III, Special Counsel, 
202-418-5140, [email protected]; Abigail S. Knauff, Special Counsel, 
202-418-5123, [email protected]; Division of Clearing and Risk, Thomas 
J. Smith, Deputy Director, 202-418-5495, [email protected]; Division of 
Swap Dealer and Intermediary Oversight, Commodity Futures Trading 
Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 
20581.

SUPPLEMENTARY INFORMATION: On July 23, 2019, the Commission published 
in the Federal Register a supplemental NPRM proposing amendments to 
permit derivatives clearing organizations that

[[Page 49072]]

are exempt from registration (exempt DCOs) to clear swaps for U.S. 
customers under certain circumstances.\2\ To facilitate these proposed 
amdendments, the Commission also proposed to allow persons located 
outside of the United States to accept funds from U.S. persons to 
margin swaps cleared at an exempt DCO, without registering as futures 
commission merchants (FCMs). In addition, the Commission proposed 
certain amendments to the delegation provisions in part 140 of its 
regulations. The comment period for the supplemental NPRM closes on 
September 23, 2019. As requested by commenters, the Commission is 
extending the comment period for this supplemental NPRM by an 
additional 60 days.\3\ This extension of the comment period will allow 
interested persons additional time to analyze the proposal and prepare 
their comments.
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    \2\ Exemption from Derivatives Clearing Organization 
Registration, 84 FR 35456 (July 23, 2019).
    \3\ See Comment Letter from the Futures Industry Association, 
the Securities Industry and Financial Markets Association, the 
Intercontinental Exchange, Inc., and the Managed Funds Association 
(August 30, 2019), available at https://comments.cftc.gov/PublicComments/ViewComment.aspx?id=62171&SearchText=.

    Issued in Washington, DC, on September 13, 2019, by the 
Commission.
Robert Sidman,
Deputy Secretary of the Commission.

    Note: The following appendix will not appear in the Code of 
Federal Regulations.

Appendix to Exemption From Derivatives Clearing Organization 
Registration--Commission Voting Summary

    On this matter, Chairman Tarbert and Commissioners Quintenz, 
Behnam, and Berkovitz voted in the affirmative. No Commissioner 
voted in the negative. Commissioner Stump was recused from 
consideration of this matter.

[FR Doc. 2019-20189 Filed 9-17-19; 8:45 am]
BILLING CODE 6351-01-P