Release #3891-96

For Release:February 20, 1996

CFTC Accepts Quarterly Review for First Quarter, FY 1996; Approves Proposed Amendments Concerning Financial Reporting Cycle and Debt-Equity Ratio Requirements; and Receives Report Reviewing NFA's Registration Fitness Program

WASHINGTON -- The Commodity Futures Trading Commission (CFTC), at an open meeting held today, accepted the agency's Quarterly Review for the first quarter of FY 1996, outlining CFTC activities and priorities during that period.

Also at the meeting, the Commission approved for publication in the Federal Register proposed amendments concerning the CFTC's financial reporting cycle and debt-equity ratio requirements for futures commission merchants and introducing brokers. The proposals are intended to conform the Commission's rules to those of the Securities and Exchange Commission in these areas and are an outgrowth of the discussion at a CFTC capital issues roundtable held last September.

In addition, the Commission received a report of the Division of Trading and Markets reviewing the National Futures Association's registration fitness program. The report is entitled, Review of the Registration Fitness Program of the National Futures Association, February 1996.

Meeting materials may be obtained from the Office of Public Affairs at (202) 418- 5080, Fax (202) 418-5525.

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