Release: 5138-05
For Release: November 21, 2005

CFTC Seeks Public Comment on Self-Regulation and Self-Regulatory Organizations

Washington, D.C. - The Commodity Futures Trading Commission (CFTC) today approved for publication in the Federal Register a Request for Comments on self-regulation and self-regulatory organizations (SROs) in the U.S. futures industry.

The Request for Comments advances the Commission’s ongoing review of self-regulation and self-regulatory organizations (SRO Study) through 11 questions that build on recent industry developments, update prior fact-finding by Commission staff, and offer interested parties an additional opportunity to comment as the SRO Study nears conclusion. It seeks public comment on a range of SRO issues, including governance, the composition of SRO boards of directors and disciplinary committees, and the impact of changing business and ownership models. Commenters are also asked to consider the effectiveness of board-level regulatory oversight committees, the unique role of outside regulatory service providers, and the impact of securities exchanges’ listing standards on publicly-traded futures SROs.

The questions presented and issues raised in the Request for Comments will form the basis of a future Commission roundtable on self-regulation. The Request for Comments will be published for a 45-day comment period.

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Media Contacts
Alan Sobba
(202) 418-5080
R. David Gary
(202) 418-5085
Office of External Affairs

Staff Contact
Stephen Braverman
Deputy Director for Market Compliance
Division of Market Oversight
202-418-5487

Related Document
Request for Comments