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


[[Page 62579]]
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Part XLVII





Commodity Futures Trading Commission





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Semiannual Regulatory Agenda

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COMMODITY FUTURES TRADING COMMISSION (CFTC)                            


  



_______________________________________________________________________

COMMODITY FUTURES TRADING COMMISSION

17 CFR Ch. I

Regulatory Flexibility Agenda

AGENCY:  Commodity Futures Trading Commission.

ACTION:  Semiannual regulatory agenda.

_______________________________________________________________________

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. This edition of the Unified 
Agenda of Federal Regulatory and Deregulatory Actions includes The 
Regulatory Plan, which appears in part II of this issue of the Federal 
Register. The Commission's Statement of Regulatory Priorities is 
included in part II. The Commission welcomes comments from small 
entities and others on the agenda.

FOR FURTHER INFORMATION CONTACT:  Ms. Barbara Webster Black, Special 
Assistant to the Executive Director, Commodity Futures Trading 
Commission, 1155 21st Street NW., Washington, DC 20581, (202) 418-5130, 
[email protected].

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 that 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 about 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\ 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.'' Pursuant to the request 
of Andrew H. Card, Jr., Assistant to the President and Chief of 
Staff, in his January 20, 2001 memorandum, the Commission has 
decided that it will issue no final or proposed rules not mandated 
by Congress until an agency head appointed by the President after 
noon on January 20, 2001 reviews and approves the regulatory 
action, or until further guidance is received from the 
Administration.

    The Commission's October 2001 regulatory flexibility agenda is 
set forth below.

Issued in Washington, DC, on August 30, 2001 by the Commission.

 Jean A. Webb,

Secretary of the Commission.


\1\ The Commission published its definition of small entity to be used 
in connection with rulemaking proceedings on April 30, 1982 (47 FR 
18618). Pursuant to that definition, 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, 
the 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. 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 
posts an advisory on its website (http://www.cftc.gov) which lists 
rules that the Commission is considering or will consider in the near 
future.

                            Commodity Futures Trading Commission--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4206         Denomination of Customer Funds and Location of Depositories........................     3038-AB31
4207         Minimum Financial Requirements for Futures Commission Merchants and Introducing         3038-AB64
            Brokers.............................................................................
4208         Regulation of Hybrid Instruments...................................................     3038-AB69
4209         Use of Broker-Dealers, Depository Institutions, and Farm Crediting System               3038-AB70
            Institutions as Intermediaries on Derivatives Transaction Execution Facilities......
4210         Margin Requirements for Security Futures Products..................................     3038-AB71
4211         Authority To Modify Security Futures Product Listing Standards.....................     3038-AB73
4212         Compliance Date for Security Futures Products To Be Cleared by a Clearing Agency        3038-AB74
            That Has Linked and Coordinated Clearing With Other Clearing Agencies...............
4213         Offering and Selling Security Futures Products Traded on Foreign Boards of Trade to     3038-AB75
            United States Persons...............................................................
4214         Avoidance of Duplicative or Conflicting Regulations Applicable to Dual Registrants.     3038-AB76
4215         Requirements for Foreign Stock Index Contracts To Qualify as Non-Narrow-Based           3038-AB78
            Indices.............................................................................
4216         Special Procedures To Encourage and Facilitate Bona Fide Hedging by Agricultural        3038-AB79
            Producers...........................................................................
4217         Regulation Concerning Conduct of Members and Employees and Former Members and           3038-AB85
            Employees of the Commission, 17 CFR Part 140........................................

[[Page 62581]]

 
4218         Cash Settlement and Regulatory Halts Required for Security Futures Products........     3038-AB86
----------------------------------------------------------------------------------------------------------------


                             Commodity Futures Trading Commission--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4219         Performance Disclosures for Commodity Trading Advisors and Commodity Pool Operators     3038-AB39
4220         Registration Exemptions Pertaining to the Offer and Sale of Foreign Futures and         3038-AB45
            Foreign Options Contracts to Customers Located in the United States.................
4221         Prohibition Against Dual Trading...................................................     3038-AB83
4222         Listing Standards and Conditions for Trading Security Futures Products.............     3038-AB87
----------------------------------------------------------------------------------------------------------------


                             Commodity Futures Trading Commission--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4223         Public Reporting by Operators of Certain Large Commodity Pools--Regulations 4.7,        3038-AB40
            4.12, and 4.27......................................................................
4224         Trade Options on Enumerated Agricultural Commodities...............................     3038-AB61
4225         Exemption From Compliance With the Listing Standards for Security Futures Products.     3038-AB72
----------------------------------------------------------------------------------------------------------------


                             Commodity Futures Trading Commission--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4226         Segregated Account; Daily Computation and Record...................................     3038-AB52
4227         New Regulatory Framework for Trading Facilities....................................     3038-AB63
4228         Rules Relating to Intermediaries of Commodity Interest Transactions................     3038-AB65
4229         A New Regulatory Framework for Clearing Organizations..............................     3038-AB66
4230         Opting Out of Segregation by Eligible Contract Participants in Connection with          3038-AB67
            Derivatives Transaction Execution Facility Transactions.............................
4231         CFTC Conformance with Title V Privacy Provisions of the Gramm-Leach-Bliley Act for      3038-AB68
            Federal Functional Regulators.......................................................
4232         Method for Determining Market Capitalization and Dollar Value of Average Daily          3038-AB77
            Trading Volume; Application of the Definition of Narrow-Based Security Index........
4233         Procedures for Exempting Brokers or Dealers From the Commodity Exchange Act........     3038-AB81
4234         Procedures for Notice-Designation as a Contract Market in Security Futures Products     3038-AB82
            and Exemptions from the Commodity Exchange Act......................................
4235         Notice Registration as a Futures Commission Merchant or Introducing Broker for          3038-AB84
            Certain Securities Brokers or Dealers...............................................
----------------------------------------------------------------------------------------------------------------


[[Page 62582]]

_______________________________________________________________________


Commodity Futures Trading Commission (CFTC)         Proposed Rule Stage


  



_______________________________________________________________________




4206. DENOMINATION OF CUSTOMER FUNDS AND LOCATION OF DEPOSITORIES

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 1a; 7 USC 2; 7 USC 5; 7 USC 6a to 6d; 7 USC 6f 
to 6g; 7 USC 12a; 7 USC 19

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The Commission is proposing rules requesting public comment 
on how to address the risks relating to holding segregated funds 
offshore or in foreign currencies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Concept Release                 12/30/97                    62 FR 67841
NPRM                            01/00/02
NPRM Comment Period End         03/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Helene D. Schroeder, Special Counsel, Division of 
Trading and Markets, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st Street NW, Washington, DC 20581
Phone: 202 418-5424
Fax: 202 418-5528
Email: [email protected]

RIN: 3038-;AB31
_______________________________________________________________________




4207. MINIMUM FINANCIAL REQUIREMENTS FOR FUTURES COMMISSION MERCHANTS 
AND INTRODUCING BROKERS

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 6f

CFR Citation: 17 CFR 1.17

Legal Deadline: None

Abstract: The Commission is requesting public comment on proposed 
amendments to Rule 1.17 that would adopt a risk-based capital 
requirement for futures commission merchants.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01
NPRM Comment Period End         02/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Thomas J. Smith, Special Counsel, Division of Trading 
and Markets, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1121 21st Street NW., Washington, DC 20581
Phone: 202 418-5495
Email: [email protected]

RIN: 3038-;AB64
_______________________________________________________________________




4208. REGULATION OF HYBRID INSTRUMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat. 
2763

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The Commission is required, after consulting with and 
obtaining the concurrence of the Board of Governors of the Federal 
Reserve System, to prescribe regulations to govern hybrid instruments 
if it determines that it is in the public interest and consistent with 
the Commodity Exchange Act, and the product is not predominantly a 
banking product under the test enumerated in title IV of the Commodity 
Futures Modernization Act of 2000.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Elizabeth L.R. Fox, Acting Deputy General Counsel, 
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street NW., Washington, DC 20581
Phone: 202 418-5120
Fax: 202 418-5524
Email: [email protected]

RIN: 3038-;AB69
_______________________________________________________________________




4209. USE OF BROKER-DEALERS, DEPOSITORY INSTITUTIONS, AND FARM CREDITING 
SYSTEM INSTITUTIONS AS INTERMEDIARIES ON DERIVATIVES TRANSACTION 
EXECUTION FACILITIES

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat. 
2763

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The Commission is required to coordinate with the Securities 
and Exchange Commission, the Secretary of the Treasury and Federal 
banking regulators (including the Farm Credit Administration) in 
adopting rules and taking any other appropriate action to implement the 
provisions of the Commodity Futures Modernization Act of 2000 relating 
to the use of broker-dealers, depository institutions, and farm credit 
system institutions as intermediaries on derivatives transaction 
execution facilities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Elizabeth L.R. Fox, Acting Deputy General Counsel, 
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street NW., Washington, DC 20581
Phone: 202 418-5120
Fax: 202 418-5524
Email: [email protected]

RIN: 3038-;AB70
_______________________________________________________________________




4210. MARGIN REQUIREMENTS FOR SECURITY FUTURES PRODUCTS

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat. 
2763

CFR Citation: 17 CFR 41.43 to 41.48

Legal Deadline: None

Abstract: The Board of Governors of the Federal Reserve System on March 
6, 2001 delegated its authority to have the Commission and the 
Securities and Exchange Commission, within a reasonable period of time 
after delegation, jointly prescribe regulations to establish margin 
requirements,

[[Page 62583]]

including the establishment of levels of margin, for security futures 
products.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/04/01                    66 FR 50719
NPRM Comment Period Extended to 
12/05/2001                      11/02/01                    66 FR 55608
Correction                      11/13/01                    66 FR 56902
Final Action                    02/00/02
Final Action Effective          03/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Elizabeth L.R. Fox, Acting Deputy General Counsel, 
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street NW., Washington, DC 20581
Phone: 202 418-5120
Fax: 202 418-5524
Email: [email protected]

RIN: 3038-;AB71
_______________________________________________________________________




4211. AUTHORITY TO MODIFY SECURITY FUTURES PRODUCT LISTING STANDARDS

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 2(a)(1)(D)(v)(I)

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The Commission and the Securities and Exchange Commission may 
adopt rules to jointly modify security futures product listing 
standards requiring that any security underlying the security future, 
including each component security of a narrow-based security index, be 
registered pursuant to section 12 of the Securities Exchange Act of 
1934, and that the security futures be based upon common stock and such 
other equity securities as both agencies jointly determine appropriate.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Elizabeth L.R. Fox, Acting Deputy General Counsel, 
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street NW., Washington, DC 20581
Phone: 202 418-5120
Fax: 202 418-5524
Email: [email protected]

RIN: 3038-;AB73
_______________________________________________________________________




4212. COMPLIANCE DATE FOR SECURITY FUTURES PRODUCTS TO BE CLEARED BY A 
CLEARING AGENCY THAT HAS LINKED AND COORDINATED CLEARING WITH OTHER 
CLEARING AGENCIES

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat. 
2763

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The Commission and the Securities and Exchange Commission are 
required to jointly publish in the Federal Register a notice of the 
compliance date for requiring security futures products to be cleared 
by a clearing agency that has in place provisions for linked and 
coordinated clearing with other clearing agencies that clear security 
futures products to be purchased on one market and offset on another 
market that trades such product within 165 days of the compliance date.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Elizabeth L.R. Fox, Acting Deputy General Counsel, 
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street NW., Washington, DC 20581
Phone: 202 418-5120
Fax: 202 418-5524
Email: [email protected]

RIN: 3038-;AB74
_______________________________________________________________________




4213. OFFERING AND SELLING SECURITY FUTURES PRODUCTS TRADED ON FOREIGN 
BOARDS OF TRADE TO UNITED STATES PERSONS

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat. 
2763

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The Commission and the Securities and Exchange Commission are 
required to jointly issue rules, regulations, or orders as are 
necessary and appropriate to permit the offer and sale of security 
futures products traded on or subject to the rules of a foreign board 
of trade to United States persons.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Elizabeth L.R. Fox, Acting Deputy General Counsel, 
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street NW., Washington, DC 20581
Phone: 202 418-5120
Fax: 202 418-5524
Email: [email protected]

RIN: 3038-;AB75
_______________________________________________________________________




4214. AVOIDANCE OF DUPLICATIVE OR CONFLICTING REGULATIONS APPLICABLE TO 
DUAL REGISTRANTS

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat. 
2763

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The Commission, in consultation with the Securities and 
Exchange Commission, is required to issue rules, regulations, or orders 
as are necessary to avoid duplicative or conflicting regulations 
applicable to dual registrants involving security futures products.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/04/01                    66 FR 50785
NPRM Comment Period Extended to 
12/05/2001                      11/02/01                    66 FR 55608
Final Action                    02/00/02
Final Action Effective          03/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Elizabeth L.R. Fox, Acting Deputy General Counsel,

[[Page 62584]]

Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street NW., Washington, DC 20581
Phone: 202 418-5120
Fax: 202 418-5524
Email: [email protected]

RIN: 3038-;AB76
_______________________________________________________________________




4215. REQUIREMENTS FOR FOREIGN STOCK INDEX CONTRACTS TO QUALIFY AS NON-
NARROW-BASED INDICES

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat. 
2763

CFR Citation: Not Yet Determined

Legal Deadline: Other, Statutory, December 21, 2001, Prior to 12/21/
2001.
Within one year after the date of enactment of the Commodity Futures 
Modernization Act of 2000.

Abstract: Prior to December 21, 2001, the Commission and the Securities 
and Exchange Commission are required to jointly adopt rules and 
regulations that set forth the requirements for foreign stock index 
contracts to qualify as non-narrow-based indices.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Elizabeth L.R. Fox, Acting Deputy General Counsel, 
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street NW., Washington, DC 20581
Phone: 202 418-5120
Fax: 202 418-5524
Email: [email protected]

RIN: 3038-;AB78
_______________________________________________________________________




4216. SPECIAL PROCEDURES TO ENCOURAGE AND FACILITATE BONA FIDE HEDGING 
BY AGRICULTURAL PRODUCERS

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat. 
2763

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The Commission is required to consider issuing rules or 
orders which prescribe procedures for contract markets to provide 
orderly delivery and increased ease for domestic agricultural producers 
to hedge price risk.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Elizabeth L.R. Fox, Acting Deputy General Counsel, 
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street NW., Washington, DC 20581
Phone: 202 418-5120
Fax: 202 418-5524
Email: [email protected]

RIN: 3038-;AB79
_______________________________________________________________________




4217.  REGULATION CONCERNING CONDUCT OF MEMBERS AND EMPLOYEES 
AND FORMER MEMBERS AND EMPLOYEES OF THE COMMISSION, 17 CFR PART 140

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 4a(f); 7 USC 4a(j); 7 USC 12a(5); 7 USC 13

CFR Citation: 17 CFR 140.735

Legal Deadline: None

Abstract: The proposed rule would amend the Commission's standards of 
conduct relating to business transactions and interests.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Susan Nathan, Assistant General Counsel, Office of 
General Counsel, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street, NW, Washington, DC 20581
Phone: 202 418-5120
Fax: 202 418-5524
Email: [email protected]

RIN: 3038-;AB85
_______________________________________________________________________




4218.  CASH SETTLEMENT AND REGULATORY HALTS REQUIRED FOR 
SECURITY FUTURES PRODUCTS

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 2(a)(1)(D)(i)

CFR Citation: 17 CFR 41.25

Legal Deadline: None

Abstract: The Commission and the Securities and Exchange Commission are 
required to jointly publish in the Federal Register requirements for 
listing standards for security futures products relating to the cash 
settlement of contracts and regulatory trading halts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/30/01                    66 FR 45903
NPRM Comment Period End         10/01/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Richard A. Shilts, Acting Director, Division of 
Economic Analysis, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5260
Fax: 202 418-5527
Email: [email protected]

RIN: 3038-;AB86

[[Page 62585]]

_______________________________________________________________________


Commodity Futures Trading Commission (CFTC)            Final Rule Stage


  



_______________________________________________________________________




4219. PERFORMANCE DISCLOSURES FOR COMMODITY TRADING ADVISORS AND 
COMMODITY POOL OPERATORS

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 6n; 7 USC 6o; 7 USC 12a

CFR Citation: 17 CFR 4.25; 17 CFR 4.35

Legal Deadline: None

Abstract: The Commodity Futures Trading Commission is proposing 
amendments to the requirements concerning the presentation of rate of 
return data by commodity trading advisors and commodity pool operators. 
The Commission's proposed rules address computational and disclosure 
matters relating to participating in commodity trading advisor programs 
on a partially-funded basis.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           06/18/98                    63 FR 33297
ANPRM Comment Period End        09/16/98
NPRM                            08/02/99                    64 FR 41843
NPRM Comment Period End         10/01/99
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert B. Wasserman, Associate Director, Division of 
Trading and Markets, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5092
Fax: 202 418-5528
Email: [email protected]

RIN: 3038-;AB39
_______________________________________________________________________




4220. REGISTRATION EXEMPTIONS PERTAINING TO THE OFFER AND SALE OF 
FOREIGN FUTURES AND FOREIGN OPTIONS CONTRACTS TO CUSTOMERS LOCATED IN 
THE UNITED STATES

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 2(a)(1)(A); 7 USC 6(b); 7 USC 6c

CFR Citation: 17 CFR 30.1; 17 CFR 30.4; 17 CFR 30.10

Legal Deadline: None

Abstract: The Commission proposes to codify some of the interpretations 
and positions that its staff has taken regarding registration 
requirements under Part 30 of the Commission's rules, which governs, 
generally, the solicitation and sale of foreign futures and foreign 
options contracts to customers located in the United States. The 
Commission proposes to modify Rule 30.4(a) by clarifying that foreign 
futures and options brokers, including those with U.S. bank branches, 
are not required to register as futures commission merchants (FCMs) 
pursuant to Rule 30.4, or seek Rule 30.10 relief, if they fall 
generally into the following categories: (1) those that carry customer 
omnibus accounts for U.S. FCMs; (2) those that carry U.S. affiliate 
accounts that are proprietary to the foreign futures and options 
broker; and (3) those that carry U.S. accounts that are proprietary to 
a U.S. FCM. In addition, proposed Rule 30.10(a) will specify 
representations that must be made by a foreign futures and options 
broker that has U.S. bank branches in order to obtain a Rule 30.10 
comparability exemption or to come within the registration exception of 
Rule 30.4.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/26/99                    64 FR 46613
NPRM Comment Period End         10/25/99
Final Action                    03/00/02
Final Action Effective          05/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Susan A. Elliott, Attorney Advisor, Division of Trading 
and Markets, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5464
Fax: 202 418-5528
Email: [email protected]

RIN: 3038-;AB45
_______________________________________________________________________




4221. PROHIBITION AGAINST DUAL TRADING

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat. 
2763

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The Commission is required to issue regulations to prohibit 
dual trading in security futures products on contract markets and 
derivatives transaction execution facilities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/11/01                    66 FR 36218
NPRM Comment End                08/10/01
Final Action                    12/00/01
Final Action Effective          12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Rachel F. Berdansky, Attorney Advisor, Division of 
Trading and Markets, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5429
Fax: 202 418-5536
Email: [email protected]

RIN: 3038-;AB83
_______________________________________________________________________




4222.  LISTING STANDARDS AND CONDITIONS FOR TRADING SECURITY 
FUTURES PRODUCTS

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 2(a)(1)(D)(i)

CFR Citation: 17 CFR 41.21 to 41.25

Legal Deadline: None

Abstract: The Commission is required to publish in the Federal Register 
requirements and certifications for listing standards for security 
futures products.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/20/01                    66 FR 37932
NPRM Comment Period End         08/20/01
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: The July 20, 2001 NPRM (66 FR 37932) was 
published with an erroneous RIN, 3038-AB73.

Agency Contact: Richard A. Shilts, Acting Director, Division of 
Economic Analysis, Commodity Futures Trading Commission, Three 
Lafayette Centre,

[[Page 62586]]

1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5260
Fax: 202 418-5527
Email: [email protected]

RIN: 3038-;AB87
_______________________________________________________________________


Commodity Futures Trading Commission (CFTC)           Long-Term Actions


  



_______________________________________________________________________




4223. PUBLIC REPORTING BY OPERATORS OF CERTAIN LARGE COMMODITY POOLS--
REGULATIONS 4.7, 4.12, AND 4.27

Priority: Substantive, Nonsignificant

CFR Citation: 17 CFR 4.7; 17 CFR 4.12; 17 CFR 4.27 (Proposed)

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/17/00                    65 FR 20395
NPRM Comment Period End         06/16/00


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Tobey Kaczensky
Phone: 202 418-5460
Fax: 202 418-5520
Email: [email protected]

RIN: 3038-;AB40
_______________________________________________________________________




4224. TRADE OPTIONS ON ENUMERATED AGRICULTURAL COMMODITIES

Priority: Substantive, Nonsignificant

CFR Citation: 17 CFR 32.13

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/13/00                    65 FR 77838
NPRM Comment Period End         12/28/00


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Paul M. Architzel
Phone: 202 418-5260
Fax: 202 418-5527
Email: [email protected]

Nancy E. Yanofsky
Phone: 202 418-5292
Fax: 202 418-5567
Email: [email protected]

RIN: 3038-;AB61
_______________________________________________________________________




4225. EXEMPTION FROM COMPLIANCE WITH THE LISTING STANDARDS FOR SECURITY 
FUTURES PRODUCTS

Priority: Substantive, Nonsignificant

CFR Citation: Not Yet Determined

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Elizabeth L.R. Fox
Phone: 202 418-5120
Fax: 202 418-5524
Email: [email protected]

RIN: 3038-;AB72
_______________________________________________________________________


Commodity Futures Trading Commission (CFTC)           Completed Actions


  



_______________________________________________________________________




4226. SEGREGATED ACCOUNT; DAILY COMPUTATION AND RECORD

Priority: Substantive, Nonsignificant

CFR Citation: 17 CFR 1.32

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/07/01                    66 FR 41131
Final Action Effective          08/07/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Thomas J. Smith
Phone: 202 418-5495
Email: [email protected]

RIN: 3038-;AB52
_______________________________________________________________________




4227. NEW REGULATORY FRAMEWORK FOR TRADING FACILITIES

Priority: Other Significant

CFR Citation: 17 CFR 1; 17 CFR 5; 17 CFR 15; 17 CFR 20; 17 CFR 36; 17 
CFR 37; 17 CFR 38; 17 CFR 40; 17 CFR 41; 17 CFR 100; 17 CFR 170; 17 CFR 
180; ...

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/10/01                    66 FR 42256
Final Action Effective          10/09/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Paul M. Architzel
Phone: 202 418-5260
Fax: 202 418-5527
Email: [email protected]

Alan L. Seifert
Phone: 202 418-5490
Email: [email protected]

Riva Spear Adriance
Phone: 202 418-5494
Fax: 202 418-5536
Email: [email protected]

Nancy E. Yanofsky
Phone: 202 418-5292
Fax: 202 418-5567
Email: [email protected]

RIN: 3038-;AB63
_______________________________________________________________________




4228. RULES RELATING TO INTERMEDIARIES OF COMMODITY INTEREST 
TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 17 CFR 1.3; 17 CFR 1.10; 17 CFR 1.17; 17 CFR 1.33; 17 CFR 
1.46; 17 CFR 1.52; 17 CFR 1.55; 17 CFR 3.1; 17 CFR 3.10; 17 CFR 3.21; 
17 CFR 3.31; 17 CFR 3.32; 17 CFR 3.34; 17 CFR 3, app A; 17 CFR 3, app 
B; 17 CFR 4.10;

[[Page 62587]]

17 CFR 4.24; 17 CFR 4.32; 17 CFR 4.34; 17 CFR 140.91; 17 CFR 155.2; 17 
CFR 155.3; 17 CFR 155.4; 17 CFR 155.5; 17 CFR 155.6; 17 CFR 166.5

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/28/01                    66 FR 45221
Final Action                    10/23/01                    66 FR 53510
Final Action Effective          10/23/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lawrence B. Patent
Phone: 202 418-5439
Email: [email protected]

RIN: 3038-;AB65
_______________________________________________________________________




4229. A NEW REGULATORY FRAMEWORK FOR CLEARING ORGANIZATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 17 CFR 39

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/14/01                    66 FR 24308
Final Action                    08/29/01                    66 FR 45604
Final Action Effective          10/29/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lois J. Gregory
Phone: 202 418-5260
Fax: 202 418-5536
Email: [email protected]

RIN: 3038-;AB66
_______________________________________________________________________




4230. OPTING OUT OF SEGREGATION BY ELIGIBLE CONTRACT PARTICIPANTS IN 
CONNECTION WITH DERIVATIVES TRANSACTION EXECUTION FACILITY TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 17 CFR 1.3(gg); 17 CFR 1.3(uu); 17 CFR 1.12; 17 CFR 1.17; 
17 CFR 1.37; 17 CFR 1.68; 17 CFR 190.01(bb)

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/25/01                    66 FR 20740
Final Action Effective          06/19/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Michael A. Piracci
Phone: 202 418-5446
Fax: 202 418-5536
Email: [email protected]

RIN: 3038-;AB67
_______________________________________________________________________




4231. CFTC CONFORMANCE WITH TITLE V PRIVACY PROVISIONS OF THE GRAMM-
LEACH-BLILEY ACT FOR FEDERAL FUNCTIONAL REGULATORS

Priority: Substantive, Nonsignificant

CFR Citation: 17 CFR 160

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/27/01                    66 FR 21236
Final Action Effective          06/21/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Elizabeth L.R. Fox
Phone: 202 418-5120
Fax: 202 418-5524
Email: [email protected]

RIN: 3038-;AB68
_______________________________________________________________________




4232. METHOD FOR DETERMINING MARKET CAPITALIZATION AND DOLLAR VALUE OF 
AVERAGE DAILY TRADING VOLUME; APPLICATION OF THE DEFINITION OF NARROW-
BASED SECURITY INDEX

Priority: Substantive, Nonsignificant

CFR Citation: 17 CFR 41.1; 17 CFR 41.2; 17 CFR 41.10 to 41.14

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/17/01                    66 FR 27559
Final Action Effective          08/21/01
Final Action                    08/23/01                    66 FR 44489

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Elizabeth L.R. Fox
Phone: 202 418-5120
Fax: 202 418-5524
Email: [email protected]

RIN: 3038-;AB77
_______________________________________________________________________




4233. PROCEDURES FOR EXEMPTING BROKERS OR DEALERS FROM THE COMMODITY 
EXCHANGE ACT

Priority: Substantive, Nonsignificant

CFR Citation: 17 CFR 41; 17 CFR 140

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/19/01                    66 FR 20118
Final Action                    08/17/01                    66 FR 43083
Final Action Effective          10/09/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Christopher W. Cummings
Phone: 202 418-5445
Fax: 202 418-5536
Email: [email protected]

RIN: 3038-;AB81
_______________________________________________________________________




4234. PROCEDURES FOR NOTICE-DESIGNATION AS A CONTRACT MARKET IN SECURITY 
FUTURES PRODUCTS AND EXEMPTIONS FROM THE COMMODITY EXCHANGE ACT

Priority: Substantive, Nonsignificant

CFR Citation: 17 CFR 41; 17 CFR 140

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/31/01                    66 FR 29517
Final Action Effective          08/21/01
Final Action                    08/27/01                    66 FR 44960

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Joshua Marlow
Phone: 202 418-5484
Fax: 202 418-5536
Email: [email protected]

RIN: 3038-;AB82
_______________________________________________________________________




4235.  NOTICE REGISTRATION AS A FUTURES COMMISSION MERCHANT OR 
INTRODUCING BROKER FOR CERTAIN SECURITIES BROKERS OR DEALERS

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat. 
2763

CFR Citation: 17 CFR 3.10; 17 CFR 170.15

Legal Deadline: None

Abstract: Registered securities broker/dealers that, among other 
things, limit their involvement with commodity futures contracts to 
security futures products, may notice register as a futures commission 
merchant or introducing broker. Such notice-registered futures 
commission

[[Page 62588]]

merchants are not required to become members of the National Futures 
Association.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/17/01                    66 FR 27476
NPRM Comment Extended           06/22/01                    66 FR 33494
NPRM Comment End                07/11/01
Final Action                    08/17/01                    66 FR 43080
Correction                      09/10/01                    66 FR 47059
Final Action Effective          09/17/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Barbara S. Gold, Assistant Chief Counsel, Division of 
Trading and Markets, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5450
Fax: 202 418-5536
Email: [email protected]

RIN: 3038-;AB84
[FR Doc. 01-;23866 Filed 11-;30-;01; 8:45 am]
BILLING CODE 6351-;01-;S
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