Release Number 8718-23
CFTC Extends Public Comment Period on Proposed Rule to Address the Treatment of Separate Accounts of a Single Beneficial Owner by Clearing Members
June 13, 2023
Washington, D.C. — The Commodity Futures Trading Commission is extending through June 30, 2023 the deadline for the public comment period on a proposal to address the treatment of separate accounts of a single beneficial owner by futures commission merchants (FCMs) that are clearing members of derivatives clearing organizations, consistent with the no-action position in CFTC Staff Letter 19-17. The letter was supplemented and extended by CFTC Staff Letter No. 20-28, and further extended by CFTC Staff Letters 21-29 and 22-11. [See CFTC Press Release No. 8676-23]
The proposal was published in the Federal Register on April 14, with a 60-day comment period scheduled to close on June 13.
The Commission provided the extension in response to a request by a commenter for an additional 17 days to analyze the proposal and consider its impact on FCMs, customers, and customers’ advisors, as well as different segments of FCMs’ businesses.