FR Doc E9-7939[Federal Register: April 8, 2009 (Volume 74, Number 66)]


[Page 15943-15944]

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





Establishment of Risk Management Advisory Committee

The Commodity Futures Trading Commission has determined to

establish a new advisory committee, the Risk Management Advisory

Committee. The purpose of the committee is to conduct public meetings

and to make reports and recommendations to the Commission on risk

management issues involving or relevant to participants in the markets

regulated by the Commission. The reports and

[[Page 15944]]

recommendations of the Risk Management Advisory Committee will be used

by the Commission in evaluating regulatory and legislative issues

falling within the Commission's statutory responsibilities. The

committee also will serve as a vehicle for informed discussion of

emerging issues relating to risk management and for communication

regarding such issues among the Commission, market participants,

regulators, and other relevant persons.

The Risk Management Advisory Committee will have no operational

responsibilities. The Commission will seek to achieve a balanced

membership by appointing representatives of a cross section of the

groups and interests involved in or affected by the Commission's

actions relating to risk management.

The Commission has determined that establishment of the Risk

Management Advisory Committee is in the public interest and is

necessary to enable the Commission to carry out its responsibilities in

the most effective and responsive manner. Risk management is both a

central purpose of the markets regulated by the Commission and a

necessary component of their effective functioning. Recent economic

developments have demonstrated the critical importance of risk

management and the need for clearinghouses, firms and other market

participants to thoroughly and systematically assess their risk

management practices. Recent developments have similarly reemphasized

the need for the Commission to effectively and efficiently assess

industry risk controls, determine their ongoing effectiveness, and

tailor oversight of regulated entities based upon accurate risk

assessments. In these circumstances, an advisory committee focused on

risk management will significantly advance the Commission's ability to

carry out its mission.

The charter of the Risk Management Advisory Committee will become

effective upon its filing pursuant to 5 U.S.C. App. 2 section 9(c). The

Commission expects to file the charter promptly upon completion of the

15 day notice period specified by 41 CFR 102-3.65(b).

Interested persons may obtain information by writing to the

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

Street, NW., Washington, DC 20581.

Issued in Washington, DC on April 2, 2009, by the Commission.

David Stawick,

Secretary of the Commission.

[FR Doc. E9-7939 Filed 4-7-09; 8:45 am]


Last Updated: April 8, 2009