[The Regulatory Plan and Unified Agenda of Federal Regulations]
[Commodity Futures Trading Commission Semiannual Regulatory Agenda]
[From the U.S. Government Printing Office, www.gpo.gov]


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Part XLVIII





Commodity Futures Trading Commission





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Semiannual Regulatory Agenda


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COMMODITY FUTURES TRADING COMMISSION (CFTC)                            
  
  
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COMMODITY FUTURES TRADING COMMISSION

17 CFR Ch. I

Regulatory Flexibility Agenda

AGENCY: Commodity Futures Trading Commission.

ACTION: Publication of regulatory flexibility agenda.

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SUMMARY: The Commodity Futures Trading Commission, in accordance with 
the requirements of the Regulatory Flexibility Act, is publishing a 
semiannual agenda of significant rules which the Commission expects to 
propose or promulgate over the next year. The Commission welcomes 
comments from small entities and others on the agenda.

ADDRESSES: Comments should be sent to: Gerry Smith, Special Assistant 
to the Executive Director, Commodity Futures Trading Commission, 2033 K 
Street NW., Washington, DC 20581, (202) 254-6090.

SUPPLEMENTARY INFORMATION: The Regulatory Flexibility Act, 5 U.S.C. 601 
et seq. (RFA), sets forth a number of requirements for agency 
rulemaking. Among other things, the RFA requires that:

    (a) During the months of April and October of each year, each 
agency shall publish in the Federal Register a regulatory 
flexibility agenda which shall contain:

    (1) A brief description of the subject area of any rule which 
the agency expects to propose or promulgate which is likely to have 
a significant economic impact on a substantial number of small 
entities;

    (2) A summary of the nature of any such rule under 
consideration for each subject area listed in the agenda pursuant 
to paragraph (1), the objectives and legal basis for the issuance 
of the rule, and an approximate schedule for completing action on 
any rule for which the agency has issued a general notice of 
proposed rulemaking; and

    (3) The name and telephone number of an agency official 
knowledgeable concerning the items listed in paragraph (1).

5 U.S.C. 602(a). The Commission has prepared an agenda of significant 
rules which it presently expects may be considered during the course of 
the next year, irrespective of their potential impact on small 
entities.1


1 The Commission has published its definition of small entity to be 
used by the Commission in connection with rulemaking proceedings. 47 FR 
18618 (April 30, 1982). Pursuant to those definitions, the Commission 
is not required to list many of the agenda items contained in this 
regulatory flexibility agenda. See 5 U.S.C. 602(a)(1). Moreover, the 
Commission has previously certified, pursuant to section 605 of the 
RFA, 5 U.S.C. 605, that certain items contained in this agenda will not 
have a significant economic impact on a substantial number of small 
entities. Accordingly, listing of a rule in this regulatory flexibility 
agenda should not in any event be taken as a determination that a rule, 
when proposed or promulgated, will in fact require a regulatory 
flexibility analysis. However, the Commission hopes that the 
publication of an agenda, which includes significant rules, regardless 
of their potential impact on small entities, may serve the public 
generally by providing an early and meaningful opportunity to 
participate in and comment on the formulation of new or revised 
regulations.

    The Commission's agenda represents its best estimate of 
significant rules which will be considered over the next 12 
months.2 In this regard, section 602(d) of the RFA, 5 U.S.C. 
602(d), provides: ``Nothing in [section 602] precludes an agency 
from considering or acting on any matter not included in a 
regulatory flexibility agenda or requires an agency to consider or 
act on any matter listed in such agenda.''


2 In addition to publishing the regulatory flexibility agenda, the 
Commission also makes available to the public, on a monthly basis, a 
calendar and, on a weekly basis, an advisory, which lists rules that 
the Commission is considering or will consider in the near future.

    For this edition of the Commission's regulatory agenda, the 
most important significant regulatory actions are included in The 
Regulatory Plan, which appears in Part II of this issue of the 
Federal Register. The Regulatory Plan entries are listed in the 
Table of Contents below and are denoted by a bracketed bold 
reference, which directs the reader to the appropriate Sequence 
Number in Part II.

    The Commission's October 1994 regulatory flexibility agenda is 
set forth below.

Issued in Washington, DC, on August 11, 1994, by the Commission.

Jean A. Webb,

Secretary of the Commission.

                                               Proposed Rule Stage                                              
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                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
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4882        Procedures for Involuntary Bulk Transfers or Liquidations of Customer Accounts........    3038-AA77 
4883        Prohibition on Voting by Interested Members (Reg Plan Seq. No. 196)...................    3038-AB03 
4884        Regulations Concerning Exemptions Under Section 4(c) of the Commodity Exchange Act....   3038-AB06  
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References in boldface appear in the Regulatory Plan in Part II of this issue of the Federal Register.          


                                                Final Rule Stage                                                
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                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
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4885        Review of Commission Disclosure Requirements Concerning Commodity Pool Operators (Reg               
            Plan Seq. No. 197)....................................................................    3038-AA74 
4886        Risk Assessment for Holding Company Systems (Reg Plan Seq. No. 198)...................    3038-AB01 
4887        Account Identification For Orders Submitted on Behalf of Multiple Customer Accounts...    3038-AB08 
4888        Ethics Training for Registrants.......................................................   3038-AB09  
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References in boldface appear in the Regulatory Plan in Part II of this issue of the Federal Register.          

      
  
          
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COMMODITY FUTURES TRADING COMMISSION (CFTC)         Proposed Rule Stage
  
  
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4882. PROCEDURES FOR INVOLUNTARY BULK TRANSFERS OR LIQUIDATIONS OF 
CUSTOMER ACCOUNTS

Legal Authority:  7 USC 6d; 7 USC 6f; 7 USC 6g; 7 USC 6k; 7 USC 12a

CFR Citation:  17 CFR 1.68

Legal Deadline: None

Abstract: The CFTC will undertake a rulemaking proceeding to establish 
requirements concerning procedures to be followed by futures commission 
merchants and introducing brokers when bulk transfers or liquidations 
of customer accounts are made due to cessation or suspension of 
business or other special circumstances affecting the registrant.

Timetable:
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Action                            Date                      FR Cite

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NPRM Comment Period End         05/00/95
NPRM                            06/00/95

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Lawrence B. Patent, Associate Chief Counsel, Division 
of Trading and Markets, Commodity Futures Trading Commission, 2033 K 
Street NW., Washington, DC 20581, 202 254-8955

RIN: 3038-AA77
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4883. PROHIBITION ON VOTING BY INTERESTED MEMBERS

Regulatory Plan:  This entry is Seq. No. 196 in Part II of this issue 
of the Federal Register.

RIN: 3038-AB03
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4884. REGULATIONS CONCERNING EXEMPTIONS UNDER SECTION 4(C) OF THE 
COMMODITY EXCHANGE ACT

Legal Authority:  7 USC 6(c); 7 USC 4a(j); 7 USC 12a(5)

CFR Citation:  17 CFR 1.71; 17 CFR 1.72; 17 CFR 140.97

Legal Deadline: None

Abstract: The regulations will implement section 4(c) of the Commodity 
Exchange Act which was recently adopted with the passage of the Futures 
Trading Practices Act of 1992. Section 4(c) authorizes the Commission, 
under certain circumstances, to exempt any agreement, contract, or 
transaction from certain provisions of the Act. The regulations will 
set forth procedures for requesting limited public availability of 
information contained in applications. Finally, authority will be 
delegated to the General Counsel to determine whether to grant or deny 
requests for limited public availability.

Timetable:
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Action                            Date                      FR Cite

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NPRM                            11/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Ellyn S. Roth, Attorney, Office of the General Counsel, 
Commodity Futures Trading Commission, 2033 K Street NW., Washington, DC 
20581, 202 254-9880

RIN: 3038-AB06
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COMMODITY FUTURES TRADING COMMISSION (CFTC)            Final Rule Stage
  
  
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4885. REVIEW OF COMMISSION DISCLOSURE REQUIREMENTS CONCERNING COMMODITY 
POOL OPERATORS

Regulatory Plan:  This entry is Seq. No. 197 in Part II of this issue 
of the Federal Register.

RIN: 3038-AA74
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4886. RISK ASSESSMENT FOR HOLDING COMPANY SYSTEMS

Regulatory Plan:  This entry is Seq. No. 198 in Part II of this issue 
of the Federal Register.

RIN: 3038-AB01
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4887. ACCOUNT IDENTIFICATION FOR ORDERS SUBMITTED ON BEHALF OF MULTIPLE 
CUSTOMER ACCOUNTS

Legal Authority:  7 USC 7; 7 USC 7a; 7 USC 7b; 7 USC 8; 7 USC 12a; 7 
USC 12c

CFR Citation:  17 CFR 1.35

Legal Deadline: None

Abstract: These rule amendments permit consolidated futures orders for 
multiple accounts to be placed and executed on contract markets without 
individual customer identification at time of entry or execution. 
Depending on the accounts, the person placing the order would identify 
accounts and either pre-file an allocation plan or certify certain 
facts.

Timetable:
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Action                            Date                      FR Cite

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NPRM                            05/03/93                    58 FR 26270
NPRM Comment Period End         06/17/93
Final Action                    01/00/95
Final Action Effective          02/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Duane C. Andresen, Attorney Advisor, Divison of Trading 
and Markets, Commodity Futures Trading Commission, 2033 K Street NW., 
Washington, DC 20581, 202 254-8955

RIN: 3038-AB08
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4888.  ETHICS TRAINING FOR REGISTRANTS

Legal Authority:  7 USC 1a; 7 USC 6d; 7 USC 6e; 7 USC 6g; 7 USC 6m; 7 
USC 6p; 7 USC 12a; 7 USC 21

CFR Citation:  17 CFR 3.34

Legal Deadline: None

Abstract: The Commission is proposing amendments to its rule governing 
ethics training for registrants to provide additional guidance relative 
to ethics training providers. The proposed amendments would: (1) allow 
a person to provide ethics training if he certifies to a registered 
futures association that he is not subject to statutory 
disqualification from registration under the Commodity Exchange Act 
(Act), barred from service on self-regulatory organization governing 
boards or committees, or subject to a pending proceeding or 
investigation with respect to possible violations of the Act or rules 
or orders promulgated thereunder; (2) prohibit certain representations 
with respect to a person's status as an ethics training provider; (3) 
prohibit an ethics training provider from using that fact to qualify as 
an expert witness in an adjudicatory proceeding before the Commission 
or from proffering evidence of that fact to qualify as an expert 
witness in any adjudicatory proceeding to which the Commission is a 
party; (4) allow wider use of ethics training presentation by 
interactive means and video tape; and (5) require ethics training 
providers to furnish records of attendees (cont)

Timetable:
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Action                            Date                      FR Cite

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NPRM                            07/22/94                    59 FR 37446
NPRM Comment Period End         09/20/94
Final Action                    12/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: ABSTRACT CONT: to a registered futures 
association.

Agency Contact: Lawrence B. Patent, Associate Chief Counsel, Division 
of Trading and Markets, Commodity Futures Trading Commission, 2033 K 
Street NW., Washington, DC 20581, 202 254-8955

RIN: 3038-AB09
[FR Doc. 94-21030 Filed 11-10-94; 8:45 am]
BILLING CODE 6351-01-F