[Federal Register: November 23, 2005 (Volume 70, Number 225)]
[Proposed Rules]
[Page 70749-70750]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]



17 CFR Parts 1, 145 and 147

RIN 3038-AC05

Alternative Market Risk and Credit Risk Capital Charges for
Futures Commission Merchants and Specified Foreign Currency Forward and
Inventory Capital Charges

AGENCY: Commodity Futures Trading Commission.

[[Page 70750]]

ACTION: Reopening comment period.


SUMMARY: The Commodity Futures Trading Commission (``Commission'') is
reopening the comment period for interested parties to comment on
proposed amendments to Parts 1, 145 and 147 of the Commission's

DATES: Written comments must be received on or before November 30,

ADDRESSES: You may submit comments by any of the following methods:
    • Federal eRulemaking Portal:  href="http://frwebgate.access.gpo.gov/cgi-bin/leaving.cgi?from=leavingFR.html&log=linklog&to=http://www.regulations.gov" shape="rect">http://frwebgate.access.gpo.gov/cgi-bin/leaving.cgi?from=leavingFR.html&log=linklog&to=http://www.regulations.gov.

Follow the instructions for submitting comments.
    • E-mail [email protected]. Include ``Proposed Amendment to
Rule 1.17'' in the subject line of the message.
    • Fax: (202) 418-5521.
    • Mail: Send to Jean A. Webb, Secretary of the Commission,
Commodity Futures Trading Commission, 1155 21st Street, NW.,
Washington, DC 20581.
    • Courier: Same as Mail above.
    All comments received will be posted without change to  href="http://frwebgate.access.gpo.gov/cgi-bin/leaving.cgi?from=leavingFR.html&log=linklog&to=http://www.cftc.gov" shape="rect">http://frwebgate.access.gpo.gov/cgi-bin/leaving.cgi?from=leavingFR.html&log=linklog&to=http://www.cftc.gov
, including any personal information provided.

FOR FURTHER INFORMATION CONTACT: Thomas J. Smith, Deputy Director and
Chief Accountant, at (202) 418-5430, or Thelma Diaz, Special Counsel,
at (202) 418-5137, Division of Clearing and Intermediary Oversight,
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st
Street, NW., Washington, DC 20581. Electronic mail: ([email protected])
or ([email protected]).

SUPPLEMENTARY INFORMATION: On October 11, 2005, the Commission
published a notice of proposed rulemaking that sought comment on
proposed amendments to Commission Regulations 1.10(h), 1.17(c), 145.5,
and 147.3.\1\ The proposed amendments, if adopted, would permit
qualifying futures commission merchants (``FCMs'') that are also
registered as securities broker-dealers (``BDs'') to use certain
alternative capital charges approved by the Securities and Exchange
Commission (``SEC''). The proposed amendments also addressed
confidential treatment for the new reports and statements that FCM/BDs
using the alternative capital charges would be required to file, and
also addressed the confidential treatment of certain other information
that all FCM/BDs must file with both the Commission and the SEC. The
release published in the Federal Register also included proposed
amendments to reduce the capital deductions specified in Regulation
1.17 for uncovered inventory or forward contracts in specified foreign

    \1\ 70 FR 58985 (October 11, 2005). The Commission also proposed
conforming amendments to Regulations 1.10(d)(4)(ii), 1.10(f)(1),
1.16(c)(5), 1.18(a) and (b)(2), and 1.52(a).
    \2\ The RIN Number for the release published in the Federal
Register on October 11, 2005 was identified as 3038-AC19. The
correct RIN Number, 3038-AC05, has been used in this release.

    The Commission established a 30-day period for submitting public
comment on the proposed amendments, ending November 10, 2005. By letter
dated November 9, 2005, an association of securities industry
participants, whose members include firms that are registered as FCMs
and BDs, requested an extension of the original comment period.\3\ In
response to this request, and in order to ensure that an adequate
opportunity is provided for submission of meaningful comments, the
Commission has determined to reopen the comment period on the proposed
amendments until seven days from the date of publication of this notice
in the Federal Register.

    \3\ A copy of the letter is available on the Commission's Web
site at  href="http://frwebgate.access.gpo.gov/cgi-bin/leaving.cgi?from=leavingFR.html&log=linklog&to=http://www.cftc.gov" shape="rect">http://frwebgate.access.gpo.gov/cgi-bin/leaving.cgi?from=leavingFR.html&log=linklog&to=http://www.cftc.gov.

    Issued in Washington, DC, on November 17, 2005, by the
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 05-23148 Filed 11-22-05; 8:45 am]