[Federal Register Volume 62, Number 34 (Thursday, February 20, 1997)]
[Notices]
[Page 7756]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-4163]


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COMMODITY FUTURES TRADING COMMISSION

The Comex Division of the New York Mercantile Exchange's Update 
of Petition for Exemption From the Dual Trading Prohibition in Affected 
Contract Markets

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of update of petition for exemption from the prohibition 
on dual trading in affected contract markets.

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SUMMARY: The Comex Division of the New York Mercantile Exchange 
(``Comex'' or ``Exchange'') has submitted an update of its October 21, 
1993 petition for exemption from the prohibition against dual trading 
in two contract markets (which was submitted by its predecessor 
Commodity Exchange, Inc). The Exchange had resubmitted a corrected 
petition on November 30, 1993 and also submitted a supplement on 
January 5, 1994. Copies of the entire file are available to the public 
upon request, except to the extent the Exchange has requested 
confidential treatment.

ADDRESSES: Copies of the file are available from the Office of the 
Secretariat, Commodity Futures Trading Commission, 1155 21st Street NW, 
Washington, DC 20581. Reference should be made to the Comex dual 
trading exemption petition file.

FOR FURTHER INFORMATION CONTACT:
Duane Andresen, Special Counsel, or Evan Davis, Staff Attorney, 
Division of Trading and Markets, Commodity Futures Trading Commission, 
1155 21st Street NW, Washington, DC 20581; telephone: (202) 418-5490.

SUPPLEMENTARY INFORMATION: Pursuant to Section 4j(a)(3) of the 
Commodity Exchange Act and Regulation 155.5 thereunder, a board of 
trade may submit a petition to the Commodity Futures Trading Commission 
(``Commission'') to exempt any of its affected contract markets 
(markets with an average daily volume of over 8,000 contracts traded 
for four consecutive quarters) from the prohibition against dual 
trading. Regulation 155.5(d)(6) authorizes the Director of the Division 
of Trading and Markets to publish notice of each exemption petition 
deemed complete under Regulation 155.5(d) and to make the petition 
available to the public as required by Section 4j(a)(5) of the Act.
    Comex originally submitted a petition for dual trading exemption on 
October 21, 1993. After the Commission requested additional 
information, the Exchange submitted a corrected petition on November 
30, 1993. That petition was made available to the public by a notice of 
availability published in the Federal Register on December 22, 1993. 
Thereafter, Comex submitted a January 5, 1994 supplement. Pursuant to a 
request from the Commission, Comex submitted a dual trading exemption 
petition update dated January 17, 1997 for its contract markets in gold 
and silver futures contracts.
    Copies of the file containing all these materials, except to the 
extent the Exchange has requested confidential treatment in accordance 
with 17 CFR 145.9, are available for inspection at the Commission's 
Office of the Secretariat, 1155 21st Street NW., Washington, DC 20581, 
and may be obtained by mail at that address or by telephone at (202) 
418-5100.
    Petition materials subject to Comex's request for confidential 
treatment may be available upon request pursuant to the Freedom of 
Information Act (5 U.S.C. 552) and the Commission's regulations 
thereunder (17 CFR Part 145), except to the extent they are entitled to 
confidential treatment as set forth in 17 CFR 145.5 and 145.9. Requests 
for copies of such materials should be made to FOI, Privacy and 
Sunshine Act Compliance Staff of the Office of the Secretariat at the 
above address in accordance with 17 CFR 145.7 and 145.8.
    Comex timely submitted its original petition before October 26, 
1993, the effective date of the dual trading prohibition. Therefore, 
application of the prohibition against the contract markets covered by 
the petition has been suspended in accordance with Commission 
Regulation 155.5(d)(5) and will remain suspended until the petition is 
acted upon.

    Issued in Washington, DC, on February 12, 1997.
Jean A. Webb,
Secretary.
[FR Doc. 97-4163 Filed 2-19-97; 8:45 am]
BILLING CODE 6351-01-M