2018-05271

Federal Register, Volume 83 Issue 51 (Thursday, March 15, 2018)

[Federal Register Volume 83, Number 51 (Thursday, March 15, 2018)]

[Notices]

[Pages 11507-11508]

From the Federal Register Online via the Government Publishing Office [www.gpo.gov]

[FR Doc No: 2018-05271]

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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.

DATES: The deadline for the submission of nominations and topics is

March 29, 2018.

ADDRESSES: Nominations and topics for discussion at future MRAC

meetings should be emailed to [email protected] or sent by hand

delivery or courier to Alicia L. Lewis, MRAC Designated Federal Officer

and Special Counsel to Commissioner Rostin Behnam, 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: Alicia L. Lewis, MRAC Designated

Federal Officer and Special Counsel to Commissioner Rostin Behnam at

(202) 418-5862 or email: alew[email protected]

SUPPLEMENTARY INFORMATION: The MRAC was established to conduct public

meetings 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,

and (xi) regulators. 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.

[[Page 11508]]

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 based on Commissioners' and

Commission staff professional knowledge of the derivatives and other

financial markets, consultation with knowledgeable persons outside the

CFTC, and requests to be represented received from organizations. 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: March 12, 2018.

Christopher J. Kirkpatrick,

Secretary of the Commission.

[FR Doc. 2018-05271 Filed 3-14-18; 8:45 am]

BILLING CODE 6351-01-P

 

 

Last Updated: March 15, 2018