[Federal Register: December 21, 2005 (Volume 70, Number 244)]
[Page 75794]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]



Self-Regulation and Self-Regulatory Organizations in the Futures

AGENCY: Commodity Futures Trading Commission ("Commission").

ACTION: Extension of comment period.


SUMMARY: The Commission is extending the time for interested parties to
respond to the Commission's Request for Comments on Self-Regulation and
Self-Regulatory Organizations in the Futures Industry, published in the
Federal Register on November 25, 2005.\1\

    \1\ 70 FR 71090 (November 25, 2005).

DATES: Responses must be received by January 23, 2006.

ADDRESSES: Written responses should be sent to Jean A. Webb, Secretary,
Commodity Futures Trading Commission, Three Lafayette Center, 1155 21st
Street, NW., Washington, DC 20581. Responses may also be submitted via
e-mail at secretary@cftc.gov. "Self-Regulation and Self-Regulatory
Organizations" must be in the subject field of responses submitted via
e-mail, and clearly indicated in written submissions. This document is
also available for comment at http://www.regulations.gov.

FOR FURTHER INFORMATION CONTACT: Stephen Braverman, Deputy Director,
(202) 418-5487; Rachel Berdansky, Special Counsel, (202) 418-5429; or
Sebastian Pujol Schott, Attorney-Advisor, (202) 418-5641. Division of
Market Oversight, Commodity Futures Trading Commission, Three Lafayette
Center, 1155 21st Street, NW., Washington, DC 20581.

SUPPLEMENTARY INFORMATION: On November 25, 2005, the Commission
published in the Federal Register a Request for Comments on Self-
Regulation and Self-Regulatory Organizations ("SROs"). The Request
for Comments advances the Commission's review of self-regulation in the
U.S. futures industry ("SRO Study") by updating prior fact-finding,
acknowledging recent industry developments, and offering interested
parties an additional opportunity to comment as the SRO Study nears
conclusion. Among other things, the Request for Comments addresses SRO
governance; minimizing conflicts of interest within self-regulatory;
the composition of SROs' boards of directors and disciplinary
committees; the proper role and authority of independent, board-level
regulatory oversight committees; and the impact of increasing
competition, changing business models, and new ownership structures of
SROs' self-regulatory responsibilities. Interested parties were invited
to respond by January 9, 2006.
    By letter dated December 7, 2005, the Futures Industry Association
("FIA") requested that the original comment period be extended by 14
days. To encourage the submission of meaningful comments, the
Commission has decided to grant the FIA's request. The comment period
on the Request for Comments on Self-Regulation and Self-Regulatory
Organizations is hereby extended to January 23, 2006.
    The Commission has previously indicated that the current Request
for Comments, the 2004 Request for Comments on SRO Governance,\2\ and
industry developments since the start of the SRO Study, would form the
basis of a public Commission meeting on self-regulation and self-
regulatory organizations ("SRO Hearing"). The SRO Hearing has now
been scheduled. Interested parties are directed to a Notice of Public
Meeting ("Notice"), also published in today's Federal Register, for
details on the date, time, and place of the SRO Hearing. Persons
wishing to address the Commission must file a request to appear and
supporting materials, as explained in the Notice.

    \2\ 69 FR 32326 (June 9, 2004).

    Issued in Washington, DC on December 15, 2005, by the
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 05-24292 Filed 12-20-05; 8:45 am]