[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