[Federal Register Volume 85, Number 189 (Tuesday, September 29, 2020)]
[Notices]
[Pages 60980-60981]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-21396]


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COMMODITY FUTURES TRADING COMMISSION


Request for Nominations for a Subcommittee Under the Agricultural 
Advisory Committee

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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SUMMARY: The Commodity Futures Trading Commission (CFTC or Commission) 
is requesting nominations for membership on the Subcommittee to 
Evaluate Commission Policy with Respect to Implementation of Amendments 
to Enumerated Agricultural Futures Contracts with Open Interest 
(Subcommittee) under the Agricultural Advisory Committee

[[Page 60981]]

(AAC). The AAC 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 is October 29, 
2020.

ADDRESSES: Nominations should be emailed to [email protected] or sent by 
post to Summer Mersinger, AAC Designated Federal Officer, Commodity 
Futures Trading Commission, Three Lafayette Centre, 1155 21st Street 
NW, Washington, DC 20581. Please use the title ``AAC Subcommittee'' for 
any nominations you submit.

FOR FURTHER INFORMATION CONTACT: Summer Mersinger, AAC Designated 
Federal Officer at (202) 418-6074 or email: [email protected].

SUPPLEMENTARY INFORMATION: The Subcommittee was established to provide 
a report to the AAC that will make recommendations to the Commission on 
policy related to its evaluation of implementation plans for amendments 
to agricultural futures contracts with open interest. Within this 
charge, the Subcommittee may consider, but is not limited to, the 
following issues and topics:
     The Commodity Exchange Act, regulations, and guidance 
pertaining to Designated Contract Market (DCM) requests for Commission 
approval of amendments to enumerated agricultural futures contracts 
with open interest;
     Recent history of Commission-approved amendments to 
futures contracts, including the term or condition amended, ability of 
that term or condition to impact the economic value of futures 
positions, rationale provided by the DCM, date announced, and date 
implemented;
     Terms and conditions that could impact the economic value 
of futures positions, what the Commission should consider in terms of 
evaluating the implementation plans for those amendments, and whether 
there could be best practices developed for implementation of any 
amendments to those terms or conditions; and
     Appropriate methods to make market participants and the 
public aware of the potential for an enumerated agricultural futures 
contract with open interest to be amended.
    The Subcommittee will provide its report directly to the AAC and 
will not provide reports and/or recommendations directly to the 
Commission. The Subcommittee has no authority to make decisions on 
behalf of the AAC, and no determination of fact or policy will be made 
by the Subcommittee on behalf of the Commission.
    Subcommittee members will generally serve as representatives and 
provide advice reflecting the views of stakeholder organizations and 
entities throughout the derivatives and financial markets. The 
Subcommittee may also include regular government employees when doing 
so furthers its purpose. It is anticipated that the Subcommittee will 
hold at least three in-person or telephonic meetings. Subcommittee 
members serve at the pleasure of the Commission. Subcommittee members 
do not receive compensation or honoraria for their services, and they 
are not reimbursed for travel and per diem expenses.
    The Subcommittee members will include individuals who are members 
of the AAC and/or other individuals. For these other individuals who 
are not serving on the AAC currently, the Commission seeks nominations 
of individuals from a wide range of perspectives, including from 
industry, academia, the government, and public interest. To advise the 
AAC effectively, Subcommittee members must have a high level of 
expertise and experience with: Hedging practices in the agricultural 
sector and/or trading in agricultural futures contracts, including a 
familiarity with the terms and conditions of agricultural futures 
contracts; the Commodity Exchange Act, Commission regulations, and 
guidance thereunder. To the extent practicable, the Commission will 
strive to select members reflecting wide ethnic, racial, gender, and 
age representation.
    The Commission invites the submission of nominations for 
Subcommittee membership. Each nomination submission should include the 
proposed member's name, title, organization affiliation and address, 
email address and telephone number, as well as information that 
supports the individual's qualifications to serve on the Subcommittee. 
The submission should also include the name, email address, and 
telephone number of the person nominating the proposed Subcommittee 
member. Self-nominations are acceptable.
    Submission of a nomination is not a guarantee of selection as a 
member of the Subcommittee. As noted in the AAC's Membership Balance 
Plan, the Commission seeks to ensure that the membership of a 
subcommittee is balanced relative to the particular issues addressed by 
the subcommittee in question. The AAC Sponsor, with the assistance of 
the AAC Designated Federal Officer (DFO), identifies candidates for 
Subcommittee membership. Following the identification, the candidates 
who are not already serving on the AAC are submitted by the DFO to 
appropriate CFTC Staff for review and then to the Commission for 
approval.

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

    Dated: September 23, 2020.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2020-21396 Filed 9-28-20; 8:45 am]
BILLING CODE 6351-01-P