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RELEASE: pr6263-12

  • May 24, 2012

    CFTC Staff to Host a Public Roundtable to Discuss the Proposed Volcker Rule

    Washington, DC – The Commodity Futures Trading Commission (CFTC) today announced that staff will hold a public roundtable on Thursday, May 31, 2012, from 9:30 a.m. to 4:30 p.m., to discuss the proposed regulations to implement Section 619 (commonly known as the Volcker Rule) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 619 contains certain prohibitions and restrictions on the ability of banking entities to engage in proprietary trading and to have certain interests in, or relationships with, a hedge fund or private equity fund.

    The roundtable will consist of two panels that are composed of a variety of market participants and members of the public. The first panel, starting at 9:30 a.m., will discuss the various hedging provisions and requirements of the CFTC’s proposed Volcker Rule. The second panel will start at 2:00 p.m., and discuss the market-making sections of the CFTC’s proposed Volcker Rule. The roundtable will help the Commission by providing additional public input for the final rulemaking.

    Agenda for the Public Roundtable Discussion:

    9:30 a.m.

    Introduction

    Section 619 of the Dodd-Frank Act: Prohibitions on Proprietary Trading and Certain Relationships with Hedge Funds and Private Equity Funds.

    CFTC Notice of Proposed Rulemaking (77 FR 8332)

    9:45 a.m.

    Panel One: Hedging

    11:15 a.m.

    Intermission (15 minutes)

    12:45 p.m.

    Lunch

    2:00 p.m.

    Panel Two: Market-Making

    3:15 p.m.

    Intermission (15 minutes)

    4:30 p.m.

    Concluding Remarks

    The roundtable will be held in the Conference Center at the CFTC’s Headquarters at Three Lafayette Centre, 1155 21st Street, NW, Washington, DC, 20581. The discussion will be open to the public. Members of the public may also listen by telephone and should be prepared to provide their first name, last name and affiliation.

    Listening information for the roundtable:

    • US Toll-Free: 1-866-844-9416

    • International Toll: see related links

    • Passcode: CFTC

    A transcript of the roundtable discussion will be published on the Commission’s website: www.cftc.gov.

    Members of the public wishing to submit their views on the topics addressed at the roundtable may do so via:

    • Paper submission to David Stawick, Secretary, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW, Washington, DC 20581; or

    • Electronic submission by visiting http://comments.cftc.gov and following the instructions for submitting comments through the Commission’s website.

    All comments must be identified by RIN number 3038-AD05. All submissions provided to the CFTC in any electronic form or on paper may be published on the Commission’s website, without review and without removal of personally identifying information.

    Last Updated: May 31, 2012

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