Federal Register, Volume 81 Issue 109 (Tuesday, June 7, 2016)  
[Federal Register Volume 81, Number 109 (Tuesday, June 7, 2016)]
[Proposed Rules]
[Pages 36484-36485]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-13385]



17 CFR Parts 1, 38, 40, and 170

RIN 3038-AD52

Public Staff Roundtable on Elements of Regulation Automated 
Trading; Reopening of Comment Period

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of staff roundtable discussion; reopening of comment 


SUMMARY: On June 10, 2016, staff of the Commodity Futures Trading 
Commission (CFTC or Commission) will hold a public roundtable meeting, 
at which invited participants will discuss specific elements of the 
Commission's notice of proposed rulemaking (NPRM) regarding Regulation 
Automated Trading (Regulation AT). The staff roundtable, which will be 
held at the Commission's Washington, DC, office, will commence at 9:00 
a.m. and end at 4:00 p.m. Additional information, including the agenda, 
is available in the ``Press Room'' section of the Commission's Web site 
at www.cftc.gov. In conjunction with the staff roundtable on June 10, 
the Commission is reopening the comment period for specific elements of 
Regulation AT. This additional comment period is intended to accept 
public comments solely on the specific items in the agenda and that 
arise during the staff roundtable.

DATES: The staff roundtable will take place on Friday, June 10, 2016, 
commencing at 9:00 a.m. and ending at 4:00 p.m. The comment period will 
be reopened as of June 10, 2016, and will close on June 24, 2016.

ADDRESSES: Roundtable: The staff roundtable will take place in the 
Conference Center at the Commission's headquarters at Three Lafayette 
Centre, 1155 21st Street NW., Washington, DC.
    Comments: Members of the public may submit comment letters, 
identified by RIN 3038-AD52, by any of the following methods:
     CFTC Web site: http://comments.cftc.gov. Follow the 
instructions for submitting comments through the Comments Online 
process on the Web site.
     Mail: Send to Christopher Kirkpatrick, Secretary of the 
Commission, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street, NW., Washington, DC 20581.
     Hand Delivery/Courier: Same as Mail, above.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.

FOR FURTHER INFORMATION CONTACT: Regarding the staff roundtable, please 
contact the CFTC's Office of Public Affairs at (202) 418-5080. 
Regarding the proposed rules in Regulation AT, please contact Sebastian 
Pujol Schott, Associate Director, Division of Market Oversight (DMO), 
[email protected] or 202-418-5641; Marilee Dahlman, Special Counsel, DMO, 
[email protected] or 202-418-5264; Mark Schlegel, Special Counsel, DMO, 
[email protected] or 202-418-5055; Andrew Ridenour, Special Counsel, 
DMO, [email protected] or 202-418-5438; Joseph Otchin, Attorney 
Advisor, DMO, [email protected] or 202-418-5623; Michael Penick, 
Economist, Office of the Chief Economist (OCE), [email protected] or 
202-418-5279; Richard Haynes, Supervisory Research Analyst, OCE, 
[email protected] or 202-418-5063; Carlin Metzger, Trial Attorney, 
Division of Enforcement, [email protected] or 312-596-0536; or John 
Dunfee, Assistant General Counsel, Office of General Counsel, 
[email protected] or 202-418-5396.


I. Background

    The Commission's NPRM for Regulation Automated Trading was 
published in the Federal Register on December 17, 2015 (80 FR 78824). 
The NPRM was open for a 90-day comment period, from December 17, 2015 
through March 16, 2016. The comment file for Regulation AT is available 
at: http://comments.cftc.gov/PublicComments/CommentList.aspx?id=1646.

II. Staff Roundtable Agenda

    The staff roundtable \1\ on June 10, 2016 will address the 
following items: (1) potential amendments to the proposed definition of 
``Direct Electronic Access'' (DEA), consistent with and in furtherance 
of Regulation AT's proposed registration regime; (2) potential 
quantitative measures to establish the population of AT Persons; (3) a 
potential alternative to Regulation AT's requirements for AT Persons in 
proposed Sec. Sec.  1.80, 1.81, and 1.83(a), which alternative could 
require that FCMs impose specific requirements on their customers and 
perform due diligence regarding customers' compliance; (4) AT Persons' 
compliance with Regulation AT's proposed requirements for Algorithmic 
Trading and Algorithmic Trading systems when using third-party 
algorithms or systems; and (5) source code access and retention.

    \1\ See ``CFTC Staff to Hold Roundtable on Certain Elements of 
Regulation AT,'' (May 27, 2016), available at: http://www.cftc.gov/PressRoom/PressReleases/pr7377-16.

    The staff roundtable will be open to the public with seating on a 
first-come, first-served basis, and will take place in the Conference 
Center at the Commission's headquarters at Three Lafayette Centre, 1155 
21st Street, NW., Washington, DC. Members of the public may also listen 
by telephone. Call-in participants should be prepared to provide their 
first name, last name, and affiliation. The information for the 
conference call may be found on the CFTC's Web site at www.cftc.gov.

[[Page 36485]]

III. Reopening of Comment Period

    In conjunction with the staff roundtable on June 10, the Commission 
is also reopening the comment period for specific elements of 
Regulation AT. The comment period will be reopened as of June 10, 2016, 
and will close on June 24, 2016. The additional comment period is 
intended for public comments solely on the specific items in the agenda 
for the staff roundtable and that arise during the roundtable. Members 
of the public may submit comment letters, identified by RIN 3038-AD52, 
by any of the methods indicated in the ADDRESSES section of this 
notice. Each section of a comment letter should indicate the roundtable 
agenda item that such section addresses.
    Please submit comments by only one method. All comments should be 
submitted in English or accompanied by an English translation. Comments 
will be posted as received to http://www.cftc.gov. You should submit 
only information that you wish to make available publicly. If you wish 
the Commission to consider information that may be exempt from 
disclosure under the Freedom of Information Act (FOIA), a petition for 
confidential treatment of the exempt information may be submitted 
according to the procedures established in 17 CFR 145.9. The Commission 
reserves the right, but shall have no obligation, to review, prescreen, 
filter, redact, refuse, or remove any or all of your submission from 
http://www.cftc.gov that it may deem to be inappropriate for 
publication, such as obscene language. All submissions that have been 
redacted or removed that contain comments on the merits of the 
rulemaking will be retained in the public comment file and will be 
considered as required under the Administrative Procedure Act and other 
applicable laws, and may be accessible under FOIA.

    Issued in Washington, DC, on June 2, 2016, by the Commission.
Christopher J. Kirkpatrick,
Secretary of the Commission.
[FR Doc. 2016-13385 Filed 6-6-16; 8:45 am]