Release: #4122-98

For Release: March 16, 1998

  CFTC Extends Deadline for Public Comment on its Concept Release Concerning the Regulation of Noncompetitive Transactions Executed on or Subject to the Rules of a Contract Market    

Washington, D.C. -- The Commodity Futures Trading Commission has extended the deadline for public comment on the Concept Release concerning the regulation of noncompetitive transactions executed on or subject to the rules of a contract market for an additional 30 days. This Concept Release was initially published in the Federal Register on January 26, 1998 (63 Fed. Reg. 3708), with a comment period ending on March 27, 1998. Through this release, the Commission has solicited comments on a broad range of questions concerning the oversight of transactions involving (i) the exchange of futures contracts for, or in connection with, cash commodities, (ii) other noncompetitive transactions, and (iii) the use of execution facilities for noncompetitive transactions. All written data, views and opinions on this Concept Release must be received by the Secretary of the Commission on or before April 27, 1998.