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e9-7939

  • FR Doc E9-7939[Federal Register: April 8, 2009 (Volume 74, Number 66)]

    [Notices]

    [Page 15943-15944]

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

    [DOCID:fr08ap09-40]

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

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    COMMODITY FUTURES TRADING COMMISSION

    Establishment of Risk Management Advisory Committee

    The Commodity Futures Trading Commission has determined to

    establish a new advisory committee, the Risk Management Advisory

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

    and to make reports and recommendations to the Commission on risk

    management issues involving or relevant to participants in the markets

    regulated by the Commission. The reports and

    [[Page 15944]]

    recommendations of the Risk Management Advisory Committee will be used

    by the Commission in evaluating regulatory and legislative issues

    falling within the Commission's statutory responsibilities. The

    committee also will serve as a vehicle for informed discussion of

    emerging issues relating to risk management and for communication

    regarding such issues among the Commission, market participants,

    regulators, and other relevant persons.

    The Risk Management 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 relating to risk management.

    The Commission has determined that establishment of the Risk

    Management 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. Risk management is both a

    central purpose of the markets regulated by the Commission and a

    necessary component of their effective functioning. Recent economic

    developments have demonstrated the critical importance of risk

    management and the need for clearinghouses, firms and other market

    participants to thoroughly and systematically assess their risk

    management practices. Recent developments have similarly reemphasized

    the need for the Commission to effectively and efficiently assess

    industry risk controls, determine their ongoing effectiveness, and

    tailor oversight of regulated entities based upon accurate risk

    assessments. In these circumstances, an advisory committee focused on

    risk management will significantly advance the Commission's ability to

    carry out its mission.

    The charter of the Risk Management Advisory Committee will become

    effective upon its filing pursuant to 5 U.S.C. App. 2 section 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).

    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 April 2, 2009, by the Commission.

    David Stawick,

    Secretary of the Commission.

    [FR Doc. E9-7939 Filed 4-7-09; 8:45 am]

    BILLING CODE 6351-01-P

    Last Updated: April 8, 2009



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