For Release: November 1, 2006
Washington, D.C. – The Commodity Futures Trading Commission (CFTC) has approved for publication in the Federal Register a proposed amendment to regulation 170.15(a), which requires persons registered as a futures commission merchant (FCM) to become and remain a member of a registered futures association (RFA).
The proposal would require that all persons that are fully registered as an FCM, regardless of whether they are required to be so registered, must become and remain a member of an RFA. This action would further the goals of industry self-regulation and Commission oversight, a cornerstone of the Commodity Futures Modernization Act of 2000, by ensuring that an RFA or another industry self-regulatory organization, and not the Commission, generally is responsible for monitoring the activities of FCMs in the first instance.
The CFTC seeks public comment on the proposed amendment to regulation 170.15(a). The comment file will remain open for 30 days following publication in the Federal Register. Copies may be obtained by contacting the Commission’s Office of the Secretariat, Three Lafayette Centre, 1155 21st Street, N.W., Washington, D.C. 20581, (202) 418-5100 or by accessing the Commission’s website, www.cftc.gov. Interested parties may submit their comments electronically at email@example.com. All comments received will be promptly posted on the Commission's website.
R. David Gary
Last Updated: April 23, 2010