[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

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: Gerald P. Smith, Special 
Assistant to the Executive Director, Commodity Futures Trading 
Commission, 1155 21st Street NW., Washington, DC 20581, (202) 418-5160.

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 1995 regulatory flexibility agenda is 
set forth below.

Issued in Washington, DC, on October 10, 1995, 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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4418        Procedures for Involuntary Bulk Transfers or Liquidations of Customer Accounts........    3038-AA77 
4419        Prohibition on Voting by Interested Members (Reg Plan Seq. No. 153)...................   3038-AB03  
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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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4420        Risk Assessment for Holding Company Systems (Reg Plan Seq. No. 154)...................    3038-AB01 
4421        Account Identification for Orders Submitted on Behalf of Multiple Customer Accounts...    3038-AB08 
4422        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.          


                                                Long-Term Actions                                               
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                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
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4423        Ethics Training for Registrants: Proficiency Training for Providers...................    3038-AB10 
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                                                Completed Actions                                               
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                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
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4424        Review of Commission Disclosure Requirements Concerning Commodity Pool Operators......    3038-AA74 
4425        Section 4(c) Contract Market Transactions.............................................    3038-AB06 
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COMMODITY FUTURES TRADING COMMISSION (CFTC)         Proposed Rule Stage
  
  
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4418. PROCEDURES FOR INVOLUNTARY BULK TRANSFERS OR LIQUIDATIONS OF 
CUSTOMER ACCOUNTS

Priority:  Substantive, Nonsignificant

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                            03/00/96
NPRM Comment Period End         05/00/96

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, 1155 21st 
Street NW., Washington, DC 20581
Phone: 202 418-5439

RIN: 3038-AA77
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4419. PROHIBITION ON VOTING BY INTERESTED MEMBERS

Regulatory Plan:  This entry is Seq. No. 153 in Part II of this issue 
of the Federal Register.

RIN: 3038-AB03
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COMMODITY FUTURES TRADING COMMISSION (CFTC)            Final Rule Stage
  
  
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4420. RISK ASSESSMENT FOR HOLDING COMPANY SYSTEMS

Regulatory Plan:  This entry is Seq. No. 154 in Part II of this issue 
of the Federal Register.

RIN: 3038-AB01
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4421. ACCOUNT IDENTIFICATION FOR ORDERS SUBMITTED ON BEHALF OF 
MULTIPLE CUSTOMER ACCOUNTS

Priority:  Substantive, Nonsignificant

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                    11/00/95
Final Action Effective          12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Duane C. Andresen, Attorney Advisor, Divison of Trading 
and Markets, Commodity Futures Trading Commission, 1155 21st Street 
NW., Washington, DC 20581
Phone: 202 418-5492

RIN: 3038-AB08
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4422. ETHICS TRAINING FOR REGISTRANTS

Priority:  Substantive, Nonsignificant

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 to a registered futures 
association.

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                    11/00/95
Final Action Effective          02/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Lawrence B. Patent, Associate Chief Counsel, Division 
of Trading and Markets, Commodity Futures Trading Commission, 1155 21st 
Street NW., Washington, DC 20581
Phone: 202 418-5439

RIN: 3038-AB09
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COMMODITY FUTURES TRADING COMMISSION (CFTC)           Long-Term Actions
  
  
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4423.  ETHICS TRAINING FOR REGISTRANTS: PROFICIENCY 
TRAINING FOR PROVIDERS

Priority:  Substantive, Nonsignificant

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 CFTC may consider proposing additional amendments to its 
rules governing ethics training for registrants to require that persons 
who seek to provide ethics training must: (1) present satisfactory 
evidence that they meet a proficiency testing requirement established 
by a registered futures association; and (2) possess a minimum of three 
years relevant experience. The CFTC may also consider proposing to 
amend rule 3.34 to eliminate the provision which permits state-
accredited entities to provide ethics training without being subject to 
the requirements pertaining to other providers under the rule.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: Undetermined

Agency Contact: Myra R. Silberstein, Attorney/Advisor, Commodity 
Futures Trading Commission, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5443

RIN: 3038-AB10
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COMMODITY FUTURES TRADING COMMISSION (CFTC)           Completed Actions
  
  
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4424. REVIEW OF COMMISSION DISCLOSURE REQUIREMENTS CONCERNING 
COMMODITY POOL OPERATORS

Priority:  Other Significant

CFR Citation:  17 CFR 4.21; 17 CFR 4.31; 17 CFR 4.10; 17 CFR 1.55; 17 
CFR 4.41; 17 CFR 30.6

Completed:
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Reason                            Date                      FR Cite

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Final Action                    07/25/95                    60 FR 38146
Final Action Effective          08/24/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Barbara S. Gold
Phone: 202 418-5450

RIN: 3038-AA74
_______________________________________________________________________

4425. SECTION 4(C) CONTRACT MARKET TRANSACTIONS

Priority:  Other Significant

CFR Citation:  17 CFR 35; 17 CFR 36

Completed:
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Reason                            Date                      FR Cite

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Final Action                    10/02/95                    60 FR 51323
Final Action Effective          11/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Ellyn S. Roth
Phone: 202 418-5120

RIN: 3038-AB06
[FR Doc. 95-26079 Filed 11-24-95; 8:45 am]
BILLING CODE 6351-01-F