CFTC to Consider Amendments to Financial, Ethics Rules
The Commodity Futures Trading Commission will hold an open meeting on December 7, 1995 at 10:00 a.m. to consider proposed amendments to its financial rules and to consider adoption of certain rule amendments and additional proposed rule amendments concerning providers of ethics training to industry registrants.
The proposed financial rule amendments would:
With respect to the Commission's rules governing providers of ethics training to industry registrants, the Commission will consider on Thursday the adoption of final rule amendments to:
To facilitate the implementation of these rule amendments, the Commission would delegate authority to NFA to:
The Commission will also consider on Thursday whether to propose further rule amendments that would require an ethics training provider to have successfully completed proficiency testing requirements established by a registered futures association and to have three years of relevant futures industry experience. Also on the Commission's agenda is a proposal that would eliminate the heretofore special treatment of persons with state accreditations to furnish continuing education in the fields of law, finance, accounting or economics, thereby rendering them subject to the rules applicable generally to ethics training providers.
The final rule amendments applicable to ethics training providers, if adopted, will be effective thirty days after publication in the Federal Register except that the provisions related to permissible representations will not be effective until ninety days following publication. The additional proposed rule amendments concerning ethics training providers as well as the proposed financial rule amendments would be published for comment periods of thirty days.
For further information, please contact the Commission's Office of Public Affairs at (202) 418-5080.