2022-11890
[Federal Register Volume 87, Number 107 (Friday, June 3, 2022)]
[Notices]
[Page 33754]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-11890]
[[Page 33754]]
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COMMODITY FUTURES TRADING COMMISSION
Global Markets 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 Global Markets Advisory
Committee (GMAC or Committee) and also inviting expressions of interest
in participation in potential subcommittees and the submission of
potential topics for discussion at future Committee meetings. The GMAC
is a discretionary advisory committee established by the Commission in
accordance with the Federal Advisory Committee Act.
DATES: The deadline for the submission of nominations and topics is
June 17, 2022.
ADDRESSES: Nominations and interest in participation in potential
subcommittees should be emailed to [email protected] or sent by
hand delivery or courier to Keaghan Ames, GMAC Designated Federal
Officer and Counselor & Senior Policy Advisor to Commissioner Caroline
D. Pham, Commodity Futures Trading Commission, Three Lafayette Centre,
1155 21st Street NW, Washington, DC 20581. Please use the title
``Global Markets Advisory Committee'' for any nominations or topics you
submit.
FOR FURTHER INFORMATION CONTACT: Keaghan Ames, GMAC Designated Federal
Officer and Counselor & Senior Policy Advisor to Commissioner Caroline
D. Pham at (202) 418-5644 or email: [email protected].
SUPPLEMENTARY INFORMATION: The GMAC was established to advise the
Commission on issues that affect the integrity and competitiveness of
U.S. markets and U.S. firms engaged in global business. To fulfill its
mandate, the GMAC will conduct public meetings and submit reports and
recommendations to the Commission on matters of public concern to
financial market infrastructures, swap data repositories,
intermediaries including swap dealers, market participants, service
providers, public interest groups, and regulators regarding the
regulatory challenges of a global marketplace that reflects the
increasing interconnectedness of markets and the multinational nature
of business. The duties of the GMAC are solely advisory and include
advising the Commission with respect to preservation of core
protections for customers and other market participants, while avoiding
unnecessary regulatory or operational impediments to global business.
The GMAC also makes recommendations to the Commission for appropriate
international standards for regulating futures, swaps, options, and
derivatives markets, as well as intermediaries. Determinations of
actions to be taken and policy to be expressed with respect to the
reports or recommendations of the GMAC are made solely by the
Commission.
GMAC members generally serve as representatives and provide advice
reflecting the views of organizations and entities with interests in
the global derivatives and financial markets. The GMAC may also include
regular government employees when doing so furthers purposes of the
GMAC. Historically, the GMAC has had up to 40 members with the
following types of entities with interests in the global markets and
infrastructure being represented: (i) End-users, (ii) exchanges, (iii)
swap execution facilities, (iv) swap data repositories, (v)
clearinghouses, (vi) asset managers, (vii) intermediaries, (viii) swap
dealers, (ix) service providers, (x) public interest groups, and (xi)
regulators. The GMAC has held approximately 1-3 meetings per year. GMAC
members serve at the pleasure of the Commission. In addition, GMAC
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 GMAC's mission and function and reflect a wide
range of perspectives and interests related to the global derivatives
and other financial markets. To advise the Commission effectively, GMAC
members must have a high-level of expertise and experience in the
global 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. GMAC
members should be open to participating in a public forum.
The Commission invites the submission of nominations for GMAC
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 GMAC. The
submission should also include suggestions for topics for discussion at
future GMAC meetings as well as the name and email or mailing address
of the person nominating the proposed member. In addition, the
Commission invites submissions from the public with expressions of
interest in participation in possible subcommittees.
Submission of a nomination is not a guarantee of selection as a
member of the GMAC. As noted in the GMAC's Membership Balance Plan, the
CFTC identifies members for the GMAC 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 GMAC 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 GMAC.
(Authority: 5 U.S.C. app. II)
Dated: May 27, 2022.
Christopher Kirkpatrick,
Secretary of the Commission.
[FR Doc. 2022-11890 Filed 6-2-22; 8:45 am]
BILLING CODE 6351-01-P