EVENT: Roundtable Mar 3, 2016
CFTC Staff to Host a Public Roundtable March 3 Regarding the Residual Interest Deadline
The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight and the Office of the Chief Economist will host a public roundtable on March 3, 2016 at 10:00 am to discuss a report on the Residual Interest Deadline.
The roundtable will be held in the Conference Center at CFTC’s headquarters at Three Lafayette Centre, 1155 21st Street, N.W., Washington, D.C. The roundtable discussion will be open to the public with seating on a first-come, first-served basis. Persons requiring special disability accommodations to attend the meeting should notify Steven Erickson at 202-418-5418. Members of the public may also listen by telephone and should be prepared to provide their first name, last name and affiliation. [See Listening Instructions below.]
The CFTC amended Regulation 1.22 regarding the requirement that a futures commission merchant (FCM) maintain a sufficient amount of its own capital in customer segregated accounts to cover the undermargined amount in futures customers’ trading accounts as of the close of trading on the previous business day (Residual Interest Deadline).
Regulation 1.22 directs staff to complete and publish for public comment by May 16, 2016 a report addressing the practicability of amending the Residual Interest Deadline from 6:00 p.m. Eastern Time to the time of settlement or to some other time of the day. In addition, Regulation 1.22 directs staff to conduct a public roundtable regarding specific issues to be covered by the report.
Members of the public wishing to submit their views on the topics discussed at the roundtable may do so electronically through the CFTC’s Comments Online process and following the instructions on “How to Submit a Comment.” All comments must be received by March 31, 2016. All submissions provided to the CFTC in any electronic form may be published on the CFTC’s website without review and without removal of personally identifying information.
US Toll Free:
Last Updated: March 17, 2016