[Federal Register Volume 87, Number 107 (Friday, June 3, 2022)]
[Notices]
[Page 33754]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-11890]



[[Page 33754]]

=======================================================================
-----------------------------------------------------------------------

COMMODITY FUTURES TRADING COMMISSION


Global Markets Advisory Committee

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice; request for nominations and topic submissions.

-----------------------------------------------------------------------

SUMMARY: The Commodity Futures Trading Commission (CFTC or Commission) 
is requesting nominations for membership on the Global Markets Advisory 
Committee (GMAC or Committee) and also inviting expressions of interest 
in participation in potential subcommittees and the submission of 
potential topics for discussion at future Committee meetings. The GMAC 
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 
June 17, 2022.

ADDRESSES: Nominations and interest in participation in potential 
subcommittees should be emailed to [email protected] or sent by 
hand delivery or courier to Keaghan Ames, GMAC Designated Federal 
Officer and Counselor & Senior Policy Advisor to Commissioner Caroline 
D. Pham, Commodity Futures Trading Commission, Three Lafayette Centre, 
1155 21st Street NW, Washington, DC 20581. Please use the title 
``Global Markets Advisory Committee'' for any nominations or topics you 
submit.

FOR FURTHER INFORMATION CONTACT: Keaghan Ames, GMAC Designated Federal 
Officer and Counselor & Senior Policy Advisor to Commissioner Caroline 
D. Pham at (202) 418-5644 or email: [email protected].

SUPPLEMENTARY INFORMATION: The GMAC was established to advise the 
Commission on issues that affect the integrity and competitiveness of 
U.S. markets and U.S. firms engaged in global business. To fulfill its 
mandate, the GMAC will conduct public meetings and submit reports and 
recommendations to the Commission on matters of public concern to 
financial market infrastructures, swap data repositories, 
intermediaries including swap dealers, market participants, service 
providers, public interest groups, and regulators regarding the 
regulatory challenges of a global marketplace that reflects the 
increasing interconnectedness of markets and the multinational nature 
of business. The duties of the GMAC are solely advisory and include 
advising the Commission with respect to preservation of core 
protections for customers and other market participants, while avoiding 
unnecessary regulatory or operational impediments to global business. 
The GMAC also makes recommendations to the Commission for appropriate 
international standards for regulating futures, swaps, options, and 
derivatives markets, as well as intermediaries. Determinations of 
actions to be taken and policy to be expressed with respect to the 
reports or recommendations of the GMAC are made solely by the 
Commission.
    GMAC members generally serve as representatives and provide advice 
reflecting the views of organizations and entities with interests in 
the global derivatives and financial markets. The GMAC may also include 
regular government employees when doing so furthers purposes of the 
GMAC. Historically, the GMAC has had up to 40 members with the 
following types of entities with interests in the global markets and 
infrastructure being represented: (i) End-users, (ii) exchanges, (iii) 
swap execution facilities, (iv) swap data repositories, (v) 
clearinghouses, (vi) asset managers, (vii) intermediaries, (viii) swap 
dealers, (ix) service providers, (x) public interest groups, and (xi) 
regulators. The GMAC has held approximately 1-3 meetings per year. GMAC 
members serve at the pleasure of the Commission. In addition, GMAC 
members do not receive compensation or honoraria for their services, 
and they are not reimbursed for travel and per diem expenses.
    The Commission seeks members who represent organizations or groups 
with an interest in the GMAC's mission and function and reflect a wide 
range of perspectives and interests related to the global derivatives 
and other financial markets. To advise the Commission effectively, GMAC 
members must have a high-level of expertise and experience in the 
global 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. GMAC 
members should be open to participating in a public forum.
    The Commission invites the submission of nominations for GMAC 
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 GMAC. The 
submission should also include suggestions for topics for discussion at 
future GMAC meetings as well as the name and email or mailing address 
of the person nominating the proposed member. In addition, the 
Commission invites submissions from the public with expressions of 
interest in participation in possible subcommittees.
    Submission of a nomination is not a guarantee of selection as a 
member of the GMAC. As noted in the GMAC's Membership Balance Plan, the 
CFTC identifies members for the GMAC through a variety of methods. Such 
methods may include public requests for nominations for membership; 
recommendations from existing advisory committee members; consultations 
with knowledgeable persons outside the CFTC (industry, consumer groups, 
other state or federal government agencies, academia, etc.); requests 
to be represented received from individuals and organizations; and 
Commissioners' and CFTC staff's professional knowledge of those 
experienced in the global markets. The office of the Commissioner 
primarily responsible for the GMAC 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 GMAC.

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

    Dated: May 27, 2022.
Christopher Kirkpatrick,
Secretary of the Commission.
[FR Doc. 2022-11890 Filed 6-2-22; 8:45 am]
BILLING CODE 6351-01-P