[Federal Register: September 14, 2005 (Volume 70, Number 177)]
[Proposed Rules]
[Page 54323-54324]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr14se05-26]

=======================================================================
-----------------------------------------------------------------------

COMMODITY FUTURES TRADING COMMISSION

17 CFR Parts 36, 37, 38, 39 and 40


Technical and Clarifying Amendments to Rules for Exempt Markets,
Derivatives Transaction Execution Facilities and Designated Contract
Markets, and Procedural Changes for Derivatives Clearing Organization
Registration Applications

AGENCY: Commodity Futures Trading Commission.

ACTION: Reopening of comment period.

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

SUMMARY: On July 11, 2005, the Commission published in the Federal
Register a request for comments on proposed Technical and Clarifying
Amendments to rules for Exempt Markets, Derivatives Transaction
Execution Facilities and Designated Contract Markets, and Procedural
Changes for Derivatives Clearing Organization Registration
Applications. The proposed amendments are intended to: Clarify and
codify acceptable

[[Page 54324]]

practices under the Commission's rules for trading facilities,
implemented pursuant to the Commodity Futures Modernization Act of
2000, based on the Commission's experience in applying those rules
since they were originally adopted in 2001; and revise the application
and review process for designation as a derivatives clearing
organization. The original comment period closed on September 9, 2005.
    By letter dated September 6, 2005, the New York Mercantile Exchange
(``NYMEX'') requested that the comment period be extended 15 days, to
September 26, 2005. NYMEX requested the additional time because, due to
current extreme energy market conditions, the Exchange staff will be
unable to properly circulate its response and obtain the necessary
committee approvals and other review necessary to file a comment prior
to the original close of the comment period on September 9, 2005.
    In response to this request, and in order to ensure that an
adequate opportunity is provided for the submission of meaningful
comments, the Commission will reopen and extend the comment period on
the proposed rules.

DATES: Responses must be received by September 26, 2005.

ADDRESSES: Comments should be sent to the Commodity Futures Trading
Commission, Three Lafayette Center, 1155 21st Street, NW., Washington,
DC 20581, attention: Office of the Secretariat. Comments may be sent by
facsimile transmission to 202-418-5521 or, by e-mail to 
secretary@cftc.gov. Reference should be made to ``Proposed Clarifying

Amendments for Exempt Markets, Derivatives Transaction Execution
Facilities and Designated Contract Markets, and Procedural Changes for
Derivatives Clearing Organization Registration Applications.''

FOR FURTHER INFORMATION CONTACT: Donald Heitman, Senior Special Counsel
(telephone 202-418-5041, e-mail dheitman@cftc.gov), Division of Market
Oversight, or Lois Gregory, Special Counsel (telephone 202-418-5521, e-
mail lgregory@cftc.gov), Division of Clearing and Intermediary
Oversight, Commodity Futures Trading Commission, Three Lafayette
Center, 1155 21st Street, NW., Washington, DC 20581.

    Issued in Washington, DC, on September 8, 2005, by the
Commission.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 05-18174 Filed 9-13-05; 8:45 am]

BILLING CODE 6351-01-M