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e8-2953

  • FR Doc E8-2953[Federal Register: February 15, 2008 (Volume 73, Number 32)]

    [Notices]

    [Page 8856]

    From the Federal Register Online via GPO Access [wais.access.gpo.gov]

    [DOCID:fr15fe08-38]

    =======================================================================

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    COMMODITY FUTURES TRADING COMMISSION

    Notice; Establishment of Energy Markets Advisory Committee

    The Commodity Futures Trading Commission has determined to

    establish a new advisory committee, the Energy Markets Advisory

    Committee. The purpose of the committee is to conduct public meetings,

    to submit reports and recommendations to the Commission, and otherwise

    to serve as a vehicle for discussion and communication on matters of

    concern to exchanges, firms, end users and regulators regarding energy

    markets and their regulation by the Commission. The Energy Markets

    Advisory Committee will have no operational responsibilities. The

    Commission will seek to achieve a balanced membership by appointing

    representatives of a cross section of the groups and interests involved

    in or affected by the Commission's actions in the energy area.

    The charter of the Energy Markets Advisory Committee will become

    effective upon its filing pursuant to 5 U.S.C. App. 2 Sec. 9(c). The

    Commission expects to file the charter promptly upon completion of the

    15 day notice period specified by 41 CFR 102-3.65(b).

    The Commission has determined that establishment of the Energy

    Markets Advisory Committee is in the public interest and is necessary

    to enable the Commission to carry out its responsibilities in the most

    effective and responsive manner. Since the enactment of the Commodity

    Futures Modernization Act of 2000, there have been important new

    developments in energy markets that create a need for consideration of

    adjustments in current regulatory and legislative approaches to ensure

    that the Commission has the means to protect market integrity and

    competition, while preserving opportunities for innovation and

    increases in efficiency. This is particularly true in light of evidence

    that some of the newer energy markets that have emerged since the

    Modernization Act have taken on some of the characteristics and price-

    discovery functions of traditional futures markets. Moreover, there is

    every reason to expect that both the importance of markets for managing

    risks associated with the price and availability of energy and

    innovation in the structure and operation of such markets will continue

    to expand, raising new regulatory issues in the future. In these

    circumstances, an advisory committee focused on energy markets will

    significantly advance the Commission's ability to carry out its

    mission.

    Interested persons may obtain information by writing to the

    Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st

    Street, NW., Washington, DC 20581.

    Issued in Washington, DC on February 11, 2008, by the

    Commission.

    David A. Stawick,

    Secretary of the Commission.

    [FR Doc. E8-2953 Filed 2-14-08; 8:45 am]

    BILLING CODE 6351-01-P

    Last Updated: February 15, 2008



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