[Federal Register Volume 81, Number 247 (Friday, December 23, 2016)]
[Unknown Section]
[Pages 94840-94841]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-29920]

[[Page 94839]]

Vol. 81


No. 247

December 23, 2016


Commodity Futures Trading Commission


Semiannual Regulatory Agenda

Federal Register / Vol. 81 , No. 247 / Friday, December 23, 2016 / 
Unified Agenda

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17 CFR Ch. I

Regulatory Flexibility Agenda

AGENCY: Commodity Futures Trading Commission.

ACTION: Semiannual regulatory agenda.


SUMMARY: The Commodity Futures Trading Commission (Commission), in 
accordance with the requirements of the Regulatory Flexibility Act, is 
publishing a semiannual agenda of rulemakings that the Commission 
expects to propose or promulgate over the next year. The Commission 
welcomes comments from small entities and others on the agenda.

FOR FURTHER INFORMATION CONTACT: Christopher J. Kirkpatrick, Secretary 
of the Commission, (202) 418-5964, [email protected], Commodity 
Futures Trading Commission, Three Lafayette Centre, 1155 21st Street 
NW., Washington, DC 20581.

SUPPLEMENTARY INFORMATION: The Regulatory Flexibility Act (RFA), 5 
U.S.C. 601, et seq., includes a requirement that each agency publish 
semiannually in the Federal Register a regulatory flexibility agenda. 
Such agendas are to contain the following elements, as specified in 5 
U.S.C. 602(a):
    (1) A brief description of the subject area of any rule that the 
agency expects to propose or promulgate, which is likely to have a 
significant economic impact on a substantial number of small entities;
    (2) A summary of the nature of any such rule under consideration 
for each subject area listed in the agenda, the objectives and legal 
basis for the issuance of the rule, and an approximate schedule for 
completing action on any rule for which the agency has issued a general 
notice of proposed rulemaking; and
    (3) The name and telephone number of an agency official 
knowledgeable about the items listed in the agenda.
    Accordingly, the Commission has prepared an agenda of rulemakings 
that it presently expects may be considered during the course of the 
next year. Subject to a determination for each rule, it is possible as 
a general matter that some of these rules may have some impact on small 
entities.\1\ The Commission notes also that, under the RFA, it is not 
precluded from considering or acting on a matter not included in the 
regulatory flexibility agenda, nor is it required to consider or act on 
any matter that is listed in the agenda. See 5 U.S.C. 602(d).

    \1\ The Commission published its definition of a ``small 
entity'' for purposes of rulemaking proceedings at 47 FR 18618 
(April 30, 1982). Pursuant to that definition, the Commission is not 
required to list--but nonetheless does--many of the items contained 
in this regulatory flexibility agenda. See also 5 U.S.C. 602(a)(1). 
Moreover, for certain items listed in this agenda, the Commission 
has previously certified, under section 605 of the RFA, 5 U.S.C. 
605, that those items will not have a significant economic impact on 
a substantial number of small entities. For these reasons, the 
listing of a rule in this regulatory flexibility agenda should not 
be taken as a determination that the rule, when proposed or 
promulgated, will in fact require a regulatory flexibility analysis. 
Rather, the Commission has chosen to publish an agenda that includes 
significant and other substantive rules, regardless of their 
potential impact on small entities, to provide the public with 
broader notice of new or revised regulations the Commission may 
consider and to enhance the public's opportunity to participate in 
the rulemaking process.

    The Commission's Fall 2016 regulatory flexibility agenda is 
included in the Unified Agenda of Federal Regulatory and Deregulatory 
Actions. The complete Unified Agenda will be available online at 
www.reginfo.gov, in a format that offers users enhanced ability to 
obtain information from the Agenda database.

    Issued in Washington, DC, on September 28, 2016, by the 
 Christopher J. Kirkpatrick,
Secretary of the Commission.

        Commodity Futures Trading Commission--Proposed Rule Stage
       Sequence No.                    Title             Identifier No.
454.......................  Regulation Automated               3038-AD52
455.......................  Indemnification Rulemaking         3038-AE44


Proposed Rule Stage

454. Regulation Automated Trading

    Legal Authority: 7 U.S.C. 1a(23), 7 U.S.C. 6c(a); 7 U.S.C. 7(d); 
and 7 U.S.C. 12(a)(5)
    Abstract: On December 17, 2015, the Commission published a notice 
of proposed rulemaking (``NPRM'') titled ``Regulation Automated 
Trading.'' Regulation Automated Trading proposes a series of risk 
controls, transparency measures and other safeguards to enhance the 
regulatory regime for automated trading on U.S. designated contract 
markets. The initial comment period was open through March 16, 2016, 
and was re-opened from June 10 through June 24, 2016. After evaluating 
all comments received, the Commission is now considering publishing a 
supplemental NPRM to incorporate comments and make certain amendments 
to its proposal.

               Action                    Date            FR Cite
ANPRM...............................   09/12/13  78 FR 56542
ANPRM Comment Period End............   12/11/13  .......................
ANPRM Comment Period Extended.......   01/24/14  79 FR 4104
ANPRM Comment Period Extended End...   02/14/14  .......................
NPRM................................   12/17/15  80 FR 78824
NPRM Comment Period End.............   03/16/16  .......................
NPRM Comment Period Reopened........   06/10/16  81 FR 36484
NPRM Comment Period End.............   06/24/16  .......................
Supplemental NPRM...................   11/00/16  .......................
Supplemental NPRM Comment Period End   12/00/16  .......................

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Marilee Dahlman, Special Counsel, Division of 
Market Oversight, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street NW., Washington, DC 20581, Phone: 202 418-
5264, Email: [email protected]
    RIN: 3038-AD52

455.  Indemnification Rulemaking

    Legal Authority: CEA 8a(5) and 21
    Abstract: The FAST Act repealed CEA 21(d)(2), added to the CEA by 
Dodd-Frank 728, which provided that domestic and foreign regulators 
that are

[[Page 94841]]

otherwise eligible to, and that do, request data from an SDR 
(collectively Regulators) agree to indemnify the SDR and the CFTC for 
expenses resulting from litigation relating to the information 
provided. When considered in light of the CFTC's current regulations 
addressing Regulators' access to SDR data, the removal of the 
indemnification requirement presents a number of issues, primarily 
related to the scope of Regulators' access to SDR data, and maintaining 
the confidentiality of such data consistent with CEA 8. The Commission 
plans to address these issues in a notice of proposed rulemaking (NPRM) 
that revises the current approach to Regulators' access to SDRs' swap 
data and set forth more information regarding the confidentiality 
agreement that is required by CEA 21(d).

               Action                    Date            FR Cite
NPRM................................   11/00/16  .......................

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Daniel J. Bucsa, Deputy Director, Division of 
Market Oversight, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street NW., Washington, DC 20581, Phone: 202 418-
5435, Email: [email protected]
    David E. Aron, Special Counsel, Division of Market Oversight, 
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street NW., Washington, DC 20581, Phone: 202 418-6621, Email: 
[email protected]
    Owen Kopon, Attorney Advisor, Division of Market Oversight, 
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street NW., Washington, DC 20581, Phone: 202 418-5360, Email: 
[email protected]
    RIN: 3038-AE44

[FR Doc. 2016-29920 Filed 12-22-16; 8:45 am]