FR Doc E9-7939[Federal Register: April 8, 2009 (Volume 74, Number 66)]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
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
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.
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