For Release: November 8, 2007
CFTC Adopts Amendments to Regulations 3.12 and 3.31 to Extend the Period for Filing Termination Notices
Washington, DC – The Commodity Futures Trading Commission (CFTC) announced final amendments to regulations 3.12 and 3.31 that will extend from 20 to 30 days the period during which a registered futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator or leverage transaction merchant must file a notice with the National Futures Association to report the termination of an associated person or principal of the registered intermediary. The amendments are intended to streamline regulatory requirements and ease regulatory burdens applicable to registered intermediaries.
The amendments are being published in the Federal Register and will become effective January 1, 2008. Copies of the amended regulations may be obtained by contacting the Commission’s Office of the Secretariat, Three Lafayette Centre, 1155 21st Street, NW, Washington, DC 20581, 202-418-5100 or by accessing the Commission’s website, www.cftc.gov.
R. David Gary
Last Updated: November 8, 2007