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e9-12000

  • [Federal Register: May 22, 2009 (Volume 74, Number 98)]

    [Proposed Rules]

    [Page 23964-23965]

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

    [DOCID:fr22my09-12]

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    COMMODITY FUTURES TRADING COMMISSION

    17 CFR Part 150

    RIN 3038-AC40

    Concept Release on Whether To Eliminate the Bona Fide Hedge

    Exemption for Certain Swap Dealers and Create a New Limited Risk

    Management Exemption From Speculative Position Limits

    AGENCY: Commodity Futures Trading Commission.

    ACTION: Extension of comment period.

    -----------------------------------------------------------------------

    SUMMARY: On March 24, 2009, the Commodity Futures Trading Commission

    (``Commission'') published a concept release on whether to eliminate

    the bona fide hedge exemption for certain swap dealers and create a new

    limited risk management exemption from speculative position limits.

    Comments on the proposal were originally due by May 26, 2009. Now, at

    the request of interested parties, the Commission is extending the

    comment period to June 16, 2009.

    DATES: Comments must be received by June 16, 2009.

    ADDRESSES: Written comments should be sent to David Stawick, Secretary,

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

    Street, NW., Washington, DC 20581. Comments may also be sent by

    facsimile to (202) 418-5521, submitted via e-mail to

    secretary@cftc.gov. The words, ``Concept Release, Swap Dealers'' should

    appear in the subject field of responses submitted via e-mail, and

    should be clearly indicated in written submissions. Comments may also

    be submitted by connecting to the Federal eRulemaking Portal at: http://frwebgate.access.gpo.gov/cgi-bin/leaving.cgi?from=leavingFR.html&log=linklog&to=http://www.regulations.gov http:/

    /www.regulations.gov and following comment submission instructions.

    FOR FURTHER INFORMATION 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, telephone (202) 418-5041, e-mail dheitman@cftc.gov.

    SUPPLEMENTARY INFORMATION: On March 24, 2009, the Commission published

    and sought public comment regarding a concept release on whether to

    eliminate the bona fide hedge exemption for certain swap dealers and

    create a new limited risk management exemption from speculative

    position limits.

    By letters dated May 12, 2009, the Futures Industry Association and

    the CME Group, Inc., respectively, requested that the original comment

    period be extended to June 16, 2009. Recognizing the significance of

    the issues raised in the Concept Release, and to encourage the

    submission of meaningful comments, the Commission has decided to grant

    the requests. The comment period for the Commission's Concept Release

    on Whether to Eliminate the Bona Fide Hedge Exemption for Certain Swap

    Dealers and Create a New Limited Risk Management Exemption from

    Speculative Position Limits is hereby extended to June 16, 2009.

    [[Page 23965]]

    Issued in Washington, DC, on May 18, 2009, by the Commission.

    David A. Stawick,

    Secretary of the Commission.

    [FR Doc. E9-12000 Filed 5-21-09; 8:45 am]

    Last Updated: May 9, 2012



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