[Federal Register Volume 87, Number 107 (Friday, June 3, 2022)]
[Pages 33754-33755]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-11889]



Market Risk Advisory Committee

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice; request for nominations and topic submissions.


SUMMARY: The Commodity Futures Trading Commission (CFTC or Commission) 
is requesting nominations for membership on the Market Risk Advisory 
Committee (MRAC or Committee) and also inviting the submission of 
potential topics for discussion at future Committee meetings. The MRAC 
is a discretionary advisory committee established by the Commission in 
accordance with the Federal Advisory Committee Act.

[[Page 33755]]

DATES: The deadline for the submission of nominations and topics is 
June 17, 2022.

ADDRESSES: Nominations and topics for discussion at future MRAC 
meetings should be emailed to [email protected] or sent by hand 
delivery or courier to Natasha Coates, Senior Counsel to Commissioner 
Kristin N. Johnson, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st Street NW, Washington, DC 20581. Please use 
the title ``Market Risk Advisory Committee'' for any nominations or 
topics you submit.

FOR FURTHER INFORMATION CONTACT: Natasha Coates, Senior Counsel to 
Commissioner Kristin N. Johnson at (202) 418-6080 or email: 
[email protected].

SUPPLEMENTARY INFORMATION: The MRAC was established to conduct public 
meetings, advise, and submit reports and recommendations to the 
Commission on matters of public concern to clearinghouses, exchanges, 
swap execution facilities, swap data repositories, intermediaries, 
market makers, service providers, end-users (e.g., consumers) and the 
Commission regarding (1) systemic issues that threaten the stability of 
the derivatives markets and other related financial markets, and (2) 
the impact and implications of the evolving market structure of the 
derivatives markets and other related financial markets. The duties of 
the MRAC are solely advisory and include advising the Commission with 
respect to the effects that developments in the structure of the 
derivatives markets have on the systemic issues that impact the 
stability of the derivatives markets and other financial markets. The 
MRAC also makes recommendations to the Commission on how to improve 
market structure and mitigate risk to support the Commission's mission 
of ensuring the integrity of the derivatives markets and monitoring and 
managing systemic risk. Determinations of actions to be taken and 
policy to be expressed with respect to the reports or recommendations 
of the MRAC are made solely by the Commission.
    MRAC members generally serve as representatives and provide advice 
reflecting the views of organizations and entities that constitute the 
structure of the derivatives and financial markets. The MRAC may also 
include regular government employees when doing so furthers purposes of 
the MRAC. Historically, the MRAC has had approximately 30 members with 
the following types of entities with interests in the derivatives 
markets and systemic risk being represented: (i) Exchanges, (ii) 
clearinghouses, (iii) swap execution facilities, (iv) swap data 
repositories, (v) intermediaries, (vi) market makers, (vii) service 
providers, (viii) end-users, (ix) academia, (x) public interest groups, 
(xi) regulators, and (xii) asset managers. The MRAC has held 
approximately 2-4 meetings per year. MRAC members serve at the pleasure 
of the Commission. In addition, MRAC members do not receive 
compensation or honoraria for their services, and they are not 
reimbursed for travel and per diem expenses.
    The Commission seeks members who represent organizations or groups 
with an interest in the MRAC's mission and function and reflect a wide 
range of perspectives and interests related to the derivatives markets 
and other financial markets. To advise the Commission effectively, MRAC 
members must have a high-level of expertise and experience in the 
derivatives and financial markets and the Commission's regulation of 
such markets, including from a historical perspective. To the extent 
practicable, the Commission will strive to select members reflecting 
wide ethnic, racial, gender, and age representation. MRAC members 
should be open to participating in a public forum.
    The Commission invites the submission of nominations for MRAC 
membership. Each nomination submission should include relevant 
information about the proposed member, such as the individual's name, 
title, and organizational affiliation as well as information that 
supports the individual's qualifications to serve on the MRAC. The 
submission should also include suggestions for topics for discussion at 
future MRAC meetings as well as the name and email or mailing address 
of the person nominating the proposed member.
    Submission of a nomination is not a guarantee of selection as a 
member of the MRAC. As noted in the MRAC's Membership Balance Plan, the 
CFTC identifies members for the MRAC through a variety of methods. Such 
methods may include public requests for nominations for membership; 
recommendations from existing advisory committee members; consultations 
with knowledgeable persons outside the CFTC (industry, consumer groups, 
other state or federal government agencies, academia, etc.); requests 
to be represented received from individuals and organizations; and 
Commissioners' and CFTC staff's professional knowledge of those 
experienced in the global markets. The office of the Commissioner 
primarily responsible for the MRAC plays a primary, but not exclusive, 
role in this process and makes recommendations regarding membership to 
the Commission. The Commission, by vote, authorizes members to serve on 
the MRAC.
    In addition, the Commission invites submissions from the public 
regarding the topics on which MRAC should focus. In other words, topics 
    (a) Reflect matters of public concern to clearinghouses, exchanges, 
swap execution facilities, swap data repositories, intermediaries, 
market makers, service providers, end-users and the Commission 
regarding systemic issues that impact the stability of the derivatives 
markets and other related financial markets; and/or
    (b) Are important to otherwise assist the Commission in identifying 
and understanding the impact and implications of the evolving market 
structure of the derivatives markets and other related financial 
    Each topic submission should include the commenter's name and email 
or mailing address.

(Authority: 5 U.S.C. app. II)

    Dated: May 27, 2022.
Christopher Kirkpatrick,
Secretary of the Commission.
[FR Doc. 2022-11889 Filed 6-2-22; 8:45 am]