e9-12000

[Federal Register: May 22, 2009 (Volume 74, Number 98)]

[Proposed Rules]

[Page 23964-23965]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr22my09-12]

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COMMODITY FUTURES TRADING COMMISSION

17 CFR Part 150

RIN 3038-AC40

Concept Release on Whether To Eliminate the Bona Fide Hedge

Exemption for Certain Swap Dealers and Create a New Limited Risk

Management Exemption From Speculative Position Limits

AGENCY: Commodity Futures Trading Commission.

ACTION: Extension of comment period.

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SUMMARY: On March 24, 2009, the Commodity Futures Trading Commission

(``Commission'') published a concept release on whether to eliminate

the bona fide hedge exemption for certain swap dealers and create a new

limited risk management exemption from speculative position limits.

Comments on the proposal were originally due by May 26, 2009. Now, at

the request of interested parties, the Commission is extending the

comment period to June 16, 2009.

DATES: Comments must be received by June 16, 2009.

ADDRESSES: Written comments should be sent to David Stawick, Secretary,

Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st

Street, NW., Washington, DC 20581. Comments may also be sent by

facsimile to (202) 418-5521, submitted via e-mail to

[email protected]. The words, ``Concept Release, Swap Dealers'' should

appear in the subject field of responses submitted via e-mail, and

should be clearly indicated in written submissions. Comments may also

be submitted by connecting to the Federal eRulemaking Portal at: http://frwebgate.access.gpo.gov/cgi-bin/leaving.cgi?from=leavingFR.html&log=linklog&to=http://www.regulations.gov http:/

/www.regulations.gov and following comment submission instructions.

FOR FURTHER INFORMATION CONTACT: Donald H. Heitman, Senior Special

Counsel, Division of Market Oversight, Commodity Futures Trading

Commission, Three Lafayette Centre, 1155 21st Street, NW., Washington,

DC 20581, telephone (202) 418-5041, e-mail [email protected].

SUPPLEMENTARY INFORMATION: On March 24, 2009, the Commission published

and sought public comment regarding a concept release on whether to

eliminate the bona fide hedge exemption for certain swap dealers and

create a new limited risk management exemption from speculative

position limits.

By letters dated May 12, 2009, the Futures Industry Association and

the CME Group, Inc., respectively, requested that the original comment

period be extended to June 16, 2009. Recognizing the significance of

the issues raised in the Concept Release, and to encourage the

submission of meaningful comments, the Commission has decided to grant

the requests. The comment period for the Commission's Concept Release

on Whether to Eliminate the Bona Fide Hedge Exemption for Certain Swap

Dealers and Create a New Limited Risk Management Exemption from

Speculative Position Limits is hereby extended to June 16, 2009.

[[Page 23965]]

Issued in Washington, DC, on May 18, 2009, by the Commission.

David A. Stawick,

Secretary of the Commission.

[FR Doc. E9-12000 Filed 5-21-09; 8:45 am]

Last Updated: May 9, 2012