[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]


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Part XLV





Commodity Futures Trading Commission





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Semiannual Regulatory Agenda

[[Page 74126]]



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 that the Commission expects to 
propose or promulgate over the next year. The Commission welcomes 
comments from small entities and others on the agenda.

FOR FURTHER INFORMATION CONTACT: Eileen A. Donovan, Acting Secretary of 
the Commission, Commodity Futures Trading Commission, 1155 21st Street 
NW., Washington, DC 20581, (202) 418-5096, [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:

    Semiannually, 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 that 
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 that 
it presently expects may be considered during the course of the 
next year. These rules may have some 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.''

    The Commission's fall 2006 regulatory flexibility agenda is set 
forth below.

Issued in Washington, DC on September 25, 2006, by the Commission.

 Eileen A. Donovan,

Acting 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 that 
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) that lists rules 
that the Commission is considering or will consider in the near future.

                               Commodity Futures Trading Commission--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3726        Exemption from Federal Speculative Position Limits....................................    3038-AC36
----------------------------------------------------------------------------------------------------------------


                            Commodity Futures Trading Commission--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3727        Offering and Selling Security Futures Products Traded on Foreign Boards of Trade to       3038-AB75
            United States Persons; Requirements for Foreign Stock Index Contracts To Qualify as
            Non-Narrow-Based Indices..............................................................
3728        Interagency Proposal To Consider Alternative Forms of Privacy Notices Under the Gramm-    3038-AC04
            Leach-Bliley Act......................................................................
3729        Execution of Off-Centralized Market Transactions: Regulation 1.38 and Guidance on Core    3038-AC07
            Principle 9...........................................................................
3730        Exemption From Registration for Certain Foreign Persons...............................    3038-AC26
3731        Debt Securities Conforming Amendments.................................................    3038-AC31
----------------------------------------------------------------------------------------------------------------


[[Page 74127]]


                             Commodity Futures Trading Commission--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3732        Limitations on Withdrawals of Equity Capital..........................................    3038-AC27
3733        Conflicts of Interest in Self-Regulation and Self-Regulatory Organizations............    3038-AC28
3734        Electronic Filing of Notices of Exemption or Exclusion Under Part 4 of the                3038-AC33
            Commission's Regulations..............................................................
3735        Introducing Broker Electronic Filing of Annual Reports................................    3038-AC34
3736        Advertising by Commodity Pool Operators, Commodity Trading Advisors, and the              3038-AC35
            Principals Thereof....................................................................
----------------------------------------------------------------------------------------------------------------


                             Commodity Futures Trading Commission--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3737        Eligible Commercial Entities Authorized To Trade on Exempt Commercial Markets.........    3038-AC21
3738        Market and Large Trader Reporting.....................................................    3038-AC22
3739        Joint Final Rules: Application of the Definition of Narrow-Based Security Index to        3038-AC32
            Debt Securities Indexes and Security Futures on Debt Securities.......................
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________


Commodity Futures Trading Commission (CFTC)               Prerule Stage


  



_______________________________________________________________________




3726. [bull] EXEMPTION FROM FEDERAL SPECULATIVE POSITION LIMITS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 7 USC 6a

CFR Citation: 17 CFR 150

Legal Deadline: None

Abstract: In recent years, the Commission has received requests for 
exemption or relief from Federal speculative position limits, as 
various entities seek to gain commodity price exposure by tracking an 
index that contains, among other things, futures contracts that are 
subject to such limits. Commission staff is considering different 
approaches for providing relief or exemption to commodity-index-related 
futures positions from Federal speculative position limits.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Donald H. Heitman, Senior Special Counsel, Division of 
Market Oversight, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5041
Fax: 202 418-5507
Email: [email protected]

RIN: 3038-AC36
_______________________________________________________________________


Commodity Futures Trading Commission (CFTC)         Proposed Rule Stage


  



_______________________________________________________________________




3727. OFFERING AND SELLING SECURITY FUTURES PRODUCTS TRADED ON FOREIGN 
BOARDS OF TRADE TO UNITED STATES PERSONS; 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, Within one year 
after the date of enactment of the Commodity Futures Modernization Act 
of 2000.

Abstract: The Commission and the Securities and Exchange Commission are 
required to jointly issue: (1) 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, and (2) 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                            12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Elizabeth L. Ritter, Deputy General Counsel, Office of 
General Counsel, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5052
Fax: 202 418-5524

[[Page 74128]]

Email: [email protected]

Thomas M. Leahy Jr., Associate Director for Product Review, Division of 
Market Oversight, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5278
Fax: 202 418-5527
Email: [email protected]

Related RIN: Related to 3038-AB78
RIN: 3038-AB75
_______________________________________________________________________




3728. INTERAGENCY PROPOSAL TO CONSIDER ALTERNATIVE FORMS OF PRIVACY 
NOTICES UNDER THE GRAMM-LEACH-BLILEY ACT

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 7b-2; 7 USC 12a(5); 15 USC 6801 et seq

CFR Citation: 17 CFR 160

Legal Deadline: None

Abstract: Subtitle A of the Gramm-Leach-Bliley Act (GLB Act), captioned 
Disclosure of Nonpublic Personal Information (15 U.S.C. 6801 et seq.), 
requires each financial institution to provide a notice of its privacy 
policies and practices to its consumer customers. In general, the 
privacy notices must describe a financial institution's policies and 
practices with respect to disclosing nonpublic personal information 
about a consumer to both affiliated and nonaffiliated third parties, 
and provide a consumer a reasonable opportunity to direct the 
institution not to share nonpublic personal information about the 
consumer with nonaffiliated third parties. The GLB Act agencies, 
including CFTC, have published substantially identical regulations to 
implement GLB title V, known collectively as the ``privacy rule.'' Many 
notices issued under the privacy rule were long and complex, and 
difficult to compare with each other. Consequently, GLB Act agencies 
are considering whether to amend the privacy rule to provide for 
simpler, more useful notices. The GLB Act agencies intend to issue an 
advance notice of proposed rulemaking to determine whether to propose 
changes to the privacy rule, and if so, will seek further public 
comment on specific programs. Six of the eight GLB Act agencies have 
entered into a memorandum of understanding through which they intend to 
contract with a consumer testing firm. CFTC is not a party to the MOU. 
Consumer testing is ongoing.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/30/03                    68 FR 75164
ANPRM Comment Period End        03/29/04
NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Federal

Agency Contact: Laura M. Richards, Deputy General Counsel, Office of 
General Counsel, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5126
Fax: 202 418-5524
Email: [email protected]

RIN: 3038-AC04
_______________________________________________________________________




3729. EXECUTION OF OFF-CENTRALIZED MARKET TRANSACTIONS: REGULATION 1.38 
AND GUIDANCE ON CORE PRINCIPLE 9

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

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

CFR Citation: 17 CFR 1; 17 CFR 38

Legal Deadline: None

Abstract: Since the Commission originally promulgated Regulation 1.38, 
the Commodity Futures Modernization Act of 2000 (CFMA) was signed into 
law. The CFMA, among other things, specifically expanded the allowable 
transactions that could be executed off the centralized market. The 
Commission has proposed amendments to its rules concerning trading off 
the centralized market, including the addition of guidance on contract 
market block trading rules, in light of further administrative 
experience with, and consideration of, the implications of the CFMA.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/01/04                    69 FR 39880
NPRM Comment Period End         08/30/04
Second NPRM                     02/00/07
Second NPRM Comment Period End  04/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Riva Spear Adriance, Associate Deputy Director, 
Division of Market Oversight, Commodity Futures Trading Commission, 
Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5494
Fax: 202 418-5507
Email: [email protected]

Gabrielle A. Sudik, Special Counsel, Division of Market Oversight, 
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street NW., Washington, DC 20581
Phone: 202 418-5171
Fax: 202 418-5507
Email: [email protected]

RIN: 3038-AC07
_______________________________________________________________________




3730. EXEMPTION FROM REGISTRATION FOR CERTAIN FOREIGN PERSONS

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 6d ; 7 USC 6m

CFR Citation: 17 CFR 3.10(c)

Legal Deadline: None

Abstract: The Commission is proposing to amend its regulations 
regarding registration to permit: (1) Certain foreign firms otherwise 
exempt from registration as futures commission merchants pursuant to 
Commission Regulation 30.10 to advise or introduce to registered 
futures commission merchants certain U.S. customers for purposes of 
trading U.S. exchange-traded futures and options without having to 
register in the appropriate capacity pursuant to sections 4d and 4m, 
respectively, of the Commodity Exchange Act; and (2) certain foreign 
firms located outside the U.S. that limit their customers to foreign 
customers to clear their U.S. contract market business on an omnibus 
basis through a registered futures commission merchant without having 
to register as a futures commission merchant

[[Page 74129]]

pursuant to section 4d of the Commodity Exchange Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06
NPRM Comment Period End         02/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Andrew V. Chapin, Special Counsel, Division of Clearing 
and Intermediary Oversight, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5465
Fax: 202 418-5536
Email: [email protected]

RIN: 3038-AC26
_______________________________________________________________________




3731. [bull] DEBT SECURITIES CONFORMING AMENDMENTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 17 CFR 41

Legal Deadline: None

Abstract: On July 13, 2006, the Commodity Futures Trading Commission 
(``CFTC'') and the Securities and Exchange Commission (``SEC'') issued 
joint final rules to permit the trading of futures contracts based on 
individual debt securities and indexes comprised of individual debt 
securities. The effective date for the joint rules is August 14, 2006. 
The present language of several CFTC rules is not fully consistent with 
the offer and trading of futures contracts based on debt securities. 
Therefore the CFTC is proposing to adopt several conforming amendments 
that clarify the applicability of the rules to futures contracts based 
on debt.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/07
NPRM Comment Period End         05/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Bruce Fekrat, Special Counsel, Division of Market 
Oversight, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5578
Fax: 202 418-5527
Email: [email protected]

RIN: 3038-AC31
_______________________________________________________________________


Commodity Futures Trading Commission (CFTC)            Final Rule Stage


  



_______________________________________________________________________




3732. LIMITATIONS ON WITHDRAWALS OF EQUITY CAPITAL

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 6f

CFR Citation: 17 CFR 1.12; 17 CFR 1.17

Legal Deadline: None

Abstract: The Commission is proposing to amend its regulations to 
provide that the Commission may, by written order, temporarily prohibit 
an FCM from carrying out planned equity withdrawal transactions that 
would reduce excess adjusted net capital by 30 percent or more. The 
proposed orders would be based on the Commission's determination that 
such withdrawals could be detrimental to the financial condition of the 
FCM or could affect its ability to meet customer obligations. The 
proposed regulation would be similar to SEC regulation 17 CFR 240.15c3-
1(e)(3)(i).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/29/06                    71 FR 57451
NPRM Comment Period End         11/28/06
Final Action                    01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Thelma Diaz, Special Counsel, Division of Clearing and 
Intermediary Oversight, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5137
Fax: 202 418-5536
Email: [email protected]

RIN: 3038-AC27
_______________________________________________________________________




3733. [bull] CONFLICTS OF INTEREST IN SELF-REGULATION AND SELF-
REGULATORY ORGANIZATIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: 17 CFR part 38

Legal Deadline: None

Abstract: The Commission is proposing Acceptable Practices for Core 
Principle 15 to offer designated contract markets (``DCMs'') a safe-
harbor for compliance with section 5(d)(15) of the Commodity Exchange 
Act. That section requires DCMs to minimize conflicts of interest in 
their decisionmaking processes. The Acceptable Practices propose that 
DCMs minimize potential conflicts of interest by maintaining governing 
boards composed of at least fifty percent public directors. They also 
address the composition of DCMs' disciplinary panels; propose board-
level Regulatory Oversight Committees, consisting solely of public 
directors, to oversee DCMs' regulatory functions; and define ``public'' 
for persons serving on DCMs' boards and disciplinary panels.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/07/06                    71 FR 38740
NPRM Comment Period Extended    08/02/06                    71 FR 43681
NPRM Comment Period End         09/07/06
Final Action                    02/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Rachel F. Berdansky, Acting Deputy Director for Market 
Compliance, Division of Market Oversight, Commodity Futures Trading

[[Page 74130]]

Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, 
DC 20581
Phone: 202 418-5641
Email: [email protected]

RIN: 3038-AC28
_______________________________________________________________________




3734. [bull] ELECTRONIC FILING OF NOTICES OF EXEMPTION OR EXCLUSION 
UNDER PART 4 OF THE COMMISSION'S REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 1a; 7 USC 2; 7 USC 6b to 6c; 7 USC 6l to 6o; 7 
USC 12a; 7 USC 23

CFR Citation: 17 CFR 4.5, 4.7, 4.12, 4.13, 4.14

Legal Deadline: None

Abstract: The Commission is proposing to amend its regulations to 
require that notices of exemption or exclusion under part 4 of the 
Commission's regulations submitted to National Futures Association 
(``NFA'') be filed electronically.
The Commission previously has authorized NFA to receive and to process: 
(1) Notices of eligibility for exclusion for certain otherwise 
regulated persons from the definition of commodity pool operator 
(``CPO''), pursuant to Commission Regulation 4.5; (2) notices of claim 
for exemption from certain part 4 requirements with respect to 
commodity pools and commodity trading advisors (``CTAs'') whose 
participants or clients are qualified eligible persons, pursuant to 
Commission Regulation 4.7; (3) claims of exemption from certain part 4 
requirements for CPOs with respect to pools that principally trade 
securities, pursuant to Commission Regulation 4.12(b); (4) statements 
of exemption from registration as a CPO, pursuant to Commission 
Regulation 4.13; and (5) notices of exemption from registration as a 
CTA for certain persons registered as an investment adviser, pursuant 
to Commission Regulation 4.14(a)(8). Currently, these notices are filed 
in paper form with NFA.
The Commission is proposing that Regulations 4.5, 4.7, 4.12(b), 4.13, 
and 4.14(a)(8) be amended to require that the notice required by each 
section be filed electronically with NFA. The Commission is further 
proposing that the submission of a notice through NFA's electronic 
exemption filing system by a person duly authorized to bind the 
submitter be accepted in lieu of the manual signature required by each 
of these regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/13/06                    71 FR 60454
NPRM Comment Period End         11/13/06
Final Action                    01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Eileen R. Chotiner, Futures Trading Specialist, 
Division of Clearing and Intermediary Oversight, Commodity Futures 
Trading Commission, Three Lafayette Centre, 1155 21st Street NW., 
Washington, DC 20581
Phone: 202 418-5467
Fax: 202 418-5536
Email: [email protected]

RIN: 3038-AC33
_______________________________________________________________________




3735. [bull] INTRODUCING BROKER ELECTRONIC FILING OF ANNUAL REPORTS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 7 USC 1a; 7 USC 6d; 7 USC 6f to 6g; 7 USC 12a; 7 USC 
21

CFR Citation: 17 CFR 1.10; 17 CFR 1.31

Legal Deadline: None

Abstract: The Commission is proposing to amend its regulations to 
require that certified annual reports on Form 1-FR-IB filed with NFA by 
introducing brokers be filed electronically in accordance with NFA's 
electronic filing system, and that certified annual reports filed by 
introducing brokers also registered as securities broker-dealers, who 
file FOCUS reports in lieu of Form 1-FR-IB as permitted under the 
regulations, file either in hard copy or electronically according to 
the instructions of NFA. The Commission is also proposing to amend its 
regulations to require the retention by introducing brokers of hard 
copies of such certified annual reports containing the original, 
manually signed certification.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/19/06                    71 FR 54789
NPRM Comment Period End         10/19/06
Final Action                    01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jennifer C.P. Bauer, Special Counsel, Division of 
Clearing and Intermediary Oversight, Commodity Futures Trading 
Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, 
DC 20581
Phone: 202 418-5472
Fax: 202-418-5547
Email: [email protected]

RIN: 3038-AC34
_______________________________________________________________________




3736. [bull] ADVERTISING BY COMMODITY POOL OPERATORS, COMMODITY TRADING 
ADVISORS, AND THE PRINCIPALS THEREOF

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 6b; 7 USC 6o

CFR Citation: 17 CFR 4.41

Legal Deadline: None

Abstract: The Commission is proposing to amend Regulation 4.41 to: (1) 
Restrict the use of testimonials; (2) clarify the required placement of 
the prescribed disclaimer concerning simulated or hypothetical 
performance; and (3) include within the regulation's coverage 
advertising through electronic media.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/23/06                    71 FR 49387
NPRM Comment Period End         09/22/06
Final Action                    01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Barbara S. Gold, Associate Director, Division of 
Clearing and Intermediary Oversight, Commodity Futures Trading 
Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, 
DC 20581
Phone: 202 418-5450

[[Page 74131]]

Fax: 202 418-5528
Email: [email protected]

RIN: 3038-AC35
_______________________________________________________________________


Commodity Futures Trading Commission (CFTC)           Completed Actions


  



_______________________________________________________________________




3737. ELIGIBLE COMMERCIAL ENTITIES AUTHORIZED TO TRADE ON EXEMPT 
COMMERCIAL MARKETS

Priority: Substantive, Nonsignificant

CFR Citation: 17 CFR 36

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       07/20/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Duane C. Andresen
Phone: 202 418-5492
Fax: 202 418-5527
Email: [email protected]

RIN: 3038-AC21
_______________________________________________________________________




3738. MARKET AND LARGE TRADER REPORTING

Priority: Substantive, Nonsignificant

CFR Citation: 17 CFR 15 to 21

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/03/06                    71 FR 37809

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Bruce Fekrat
Phone: 202 418-5578
Fax: 202 418-5527
Email: [email protected]

RIN: 3038-AC22
_______________________________________________________________________




3739. [bull] JOINT FINAL RULES: APPLICATION OF THE DEFINITION OF NARROW-
BASED SECURITY INDEX TO DEBT SECURITIES INDEXES AND SECURITY FUTURES ON 
DEBT SECURITIES

Priority: Substantive, Nonsignificant

Legal Authority: sec 206, 251, and 252, PL. 106-55, 114 Stat. 2763; 7 
USC 1a; 7 USC 2; 7 USC 6f; 7 USC 6j; 7 USC 7a-2; 7 USC 12a; 15 USC 77c 
to 77d; 15 USC 77g; 15 USC 77j; 15 USC 77s; 15 USC 77z-2 to 77z-3; 15 
USC 77eee; 15 USC 77ggg; 15 USC 77sss to 77ttt; 15 USC 78c to 78g; 15 
USC 78g(c)(2); 15 USC 78i; 15 USC 78w to 78x; 15 USC 78ll to 78mm; 15 
USC 79q; 15 USC 80a-20; 15 USC 80a-23; 15 USC 80a-29; 15 USC 80a-37; 15 
USC 80b-3; 15 USC 80b-11; 15 USC 7201 et. seq

CFR Citation: 17 CFR 41.15; 17 CFR 41.21; 17 CFR 240.3a55-4; 17 CFR 
240.6h-2

Legal Deadline: None

Abstract: The Commodity Futures Trading Commission (``CFTC'') and the 
Securities and Exchange Commission (``SEC'') are adopting a new rule 
and amending an existing rule under the Commodity Exchange Act and 
adopting two new rules under the Securities Exchange Act of 1934. These 
rules will modify the applicable statutory listing standards 
requirements to permit security futures to be based on individual debt 
securities or a narrow-based security index composed of debt 
securities. In addition these rules and rule amendments exclude from 
the definition of ``narrow-based security index'' debt securities 
indexes that satisfy specified criteria. A future on a debt securities 
index that is excluded from the definition of ``narrow-based security 
index'' will not be a security future and may trade subject to the 
exclusive jurisdiction of the CFTC.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/13/06                    71 FR 39534
Final Action Effective          08/14/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Elizabeth L. Ritter, Deputy General Counsel, Office of 
General Counsel, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5052
Fax: 202 418-5524
Email: [email protected]

RIN: 3038-AC32
[FR Doc. 06-8369 Filed 12-08-06; 8:45 am]
BILLING CODE 6351-01-S