2022-11889
[Federal Register Volume 87, Number 107 (Friday, June 3, 2022)]
[Notices]
[Pages 33754-33755]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-11889]
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COMMODITY FUTURES TRADING COMMISSION
Market Risk Advisory Committee
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice; request for nominations and topic submissions.
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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
that:
(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
markets.
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]
BILLING CODE 6351-01-P