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<DOC>
[May 16, 2005 (Volume 70, Number 93)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID: f:ua050446.wais]

[Page 27836-27841]


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Part XLVI




Commodity Futures Trading Commission





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Semiannual Regulatory Agenda

[[Page 27836]]

COMMODITY FUTURES TRADING COMMISSION (CFTC)

_______________________________________________________________________

COMMODITY FUTURES TRADING COMMISSION

17 CFR Ch. I

Regulatory Flexibility Agenda

AGENCY: Commodity Futures Trading Commission.

ACTION: Semiannual regulatory agenda.

_______________________________________________________________________

SUMMARY: The Commodity Futures Trading Commission, in accordance with
the requirements of the Regulatory Flexibility Act, is publishing a
semiannual agenda of significant rules that the Commission expects to
propose or promulgate over the next year. The Commission welcomes
comments from small entities and others on the agenda.

FOR FURTHER INFORMATION CONTACT: Eileen A. Donovan, Assistant Secretary
for FOIA Matters, Commodity Futures Trading Commission, 1155 21st
Street NW., Washington, DC 20581, (202) 418-5096, [email protected].

SUPPLEMENTARY INFORMATION: The Regulatory Flexibility Act, 5 U.S.C.
601, et seq. (RFA), sets forth a number of requirements for agency
rulemaking. Among other things, the RFA requires that:

     Semiannually, each agency shall publish in the Federal
Register a regulatory flexibility agenda that shall contain:

     (1) A brief description of the subject area of any rule that
the agency expects to propose or promulgate, which is likely to
have a significant economic impact on a substantial number of small
entities;

     (2) A summary of the nature of any such rule under
consideration for each subject area listed in the agenda pursuant
to paragraph (1), the objectives and legal basis for the issuance
of the rule, and an approximate schedule for completing action on
any rule for which the agency has issued a general notice of
proposed rulemaking; and

     (3) The name and telephone number of an agency official
knowledgeable about the items listed in paragraph (1). 5 U.S.C.
602(a).

     The Commission has prepared an agenda of significant rules
that it presently expects may be considered during the course of
the next year. These rules may have some impact on small
entities.\1\ In this regard, section 602(d) of the RFA, 5 U.S.C.
602(d), provides: ``Nothing in [section 602] precludes an agency
from considering or acting on any matter not included in a
regulatory flexibility agenda or requires an agency to consider or
act on any matter listed in such agenda.''

     The Commission's spring 2005 regulatory flexibility agenda is
set forth below.

Issued in Washington, DC on April 1, 2005, by the Commission.

 Jean A. Webb,

Secretary of the Commission.


\1\ The Commission published its definition of small entity to be used
in connection with rulemaking proceedings on April 30, 1982 (47 FR
18618). Pursuant to that definition, the Commission is not required to
list many of the agenda items contained in this regulatory flexibility
agenda. See 5 U.S.C. 602(a)(1). Moreover, the Commission has previously
certified, pursuant to section 605 of the RFA, 5 U.S.C. 605, that
certain items contained in this agenda will not have a significant
economic impact on a substantial number of small entities. Accordingly,
the listing of a rule in this regulatory flexibility agenda should not,
in any event, be taken as a determination that a rule, when proposed or
promulgated, will in fact require a regulatory flexibility analysis.
However, the Commission hopes that the publication of an agenda that
includes significant rules, regardless of their potential impact on
small entities, may serve the public generally by providing an early
and meaningful opportunity to participate in and comment on the
formulation of new or revised regulations. In addition to publishing
the regulatory flexibility agenda, the Commission also makes available
to the public, on a monthly basis, a calendar and, on a weekly basis,
posts an advisory on its website (http://www.cftc.gov) that lists rules
that the Commission is considering or will consider in the near future.

                            Commodity Futures Trading Commission--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3646        Offering and Selling Security Futures Products Traded on Foreign Boards of Trade to       3038-AB75
            United States Persons; Requirements for Foreign Stock Index Contracts To Qualify as
            Non-Narrow-Based Indices..............................................................
3647        Interagency Proposal To Consider Alternative Forms of Privacy Notices Under the Gramm-    3038-AC04
            Leach-Bliley Act......................................................................
3648        Alternative Market Risk and Credit Risk Capital Charges and Amendments to Specified       3038-AC05
            Foreign Currency Forward and Inventory Capital Charges for Futures Commission
            Merchants and Introducing Brokers.....................................................
3649        Guidance on Clearing of Over-The-Counter Options on Exempt Commodities by a Designated    3038-AC17
            Contract Market.......................................................................
3650        Definition of ``Client'' of a Commodity Trading Advisor; Unavailability of Exemption      3038-AC20
            From Registration for Commodity Trading Advisors That Direct Client Accounts Pursuant
            to Letters of Direction...............................................................
3651        Eligible Commercial Entities Authorized To Trade on Exempt Commercial Markets.........    3038-AC21
3652        Contract Market and Large Trader Reporting............................................    3038-AC22
3653        Technical and Clarifying Amendments to Rules for Exempt Markets, Derivatives              3038-AC23
            Transaction Execution Facilities, and Designated Contract Markets.....................
----------------------------------------------------------------------------------------------------------------


                             Commodity Futures Trading Commission--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3654        Execution of Off-Centralized Market Transactions: Regulation 1.38 and Guidance on Core    3038-AC07
            Principle 9...........................................................................
3655        Investment of Customer Funds and Record of Investments................................    3038-AC15

[[Page 27837]]


3656        Revision of Federal Speculative Limits................................................    3038-AC24
----------------------------------------------------------------------------------------------------------------


                             Commodity Futures Trading Commission--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3657        Collection of Claims Owed the United States Arising from Activities Under the             3038-AC03
            Commission's Jurisdiction.............................................................
3658        Reporting Levels and Trades Involving the Exchange of Futures.........................    3038-AC08
3659        Rules Relating to Review of National Futures Association Decisions in Disciplinary,       3038-AC12
            Membership Denial, Registration, and Member Responsibility Actions....................
3660        Application Procedures for Registration as a Derivatives Transaction Execution            3038-AC14
            Facility or Designation as a Contract Market..........................................
3661        Customer Permission for FCMs To Take the Opposite Side of an Order....................    3038-AC16
3662        Delegation of Authority to Director of Division of Clearing and Intermediary Oversight    3038-AC18
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________
Commodity Futures Trading Commission (CFTC)         Proposed Rule Stage

_______________________________________________________________________

3646. OFFERING AND SELLING SECURITY FUTURES PRODUCTS TRADED ON FOREIGN
BOARDS OF TRADE TO UNITED STATES PERSONS; REQUIREMENTS FOR FOREIGN STOCK
INDEX CONTRACTS TO QUALIFY AS NON-NARROW-BASED INDICES

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat
2763

CFR Citation: Not Yet Determined

Legal Deadline: Other, Statutory, December 21, 2001, Within one year
after the date of enactment of the Commodity Futures Modernization Act
of 2000.

Abstract: The Commission and the Securities and Exchange Commission are
required to jointly issue: (1) rules, regulations, or orders as are
necessary and appropriate to permit the offer and sale of security
futures products traded on or subject to the rules of a foreign board
of trade to United States persons, and (2) rules and regulations that
set forth the requirements for foreign stock index contracts to qualify
as non-narrow-based indices.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Andrew V. Chapin, Special Counsel, Division of Clearing
and Intermediary Oversight, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5465
Fax: 202 418-5536
Email: [email protected]

Thomas M. Leahy Jr., Associate Director for Product Review, Division of
Market Oversight, Commodity Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5278
Fax: 202 418-5527
Email: [email protected]

Related RIN: Related to 3038-AB78
RIN: 3038-AB75
_______________________________________________________________________

3647. INTERAGENCY PROPOSAL TO CONSIDER ALTERNATIVE FORMS OF PRIVACY
NOTICES UNDER THE GRAMM-LEACH-BLILEY ACT

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.

Legal Authority: 7 USC 7b-2; 7 USC 12a(5); 15 USC 6801 et seq

CFR Citation: 17 CFR 160

Legal Deadline: None

Abstract: Subtitle A of the Gramm-Leach-Bliley Act (GLB Act), captioned
Disclosure of Nonpublic Personal Information (15 U.S.C. 6801 et seq.),
requires each financial institution to provide a notice of its privacy
policies and practices to its consumer customers. In general, the
privacy notices must describe a financial institution's policies and
practices with respect to disclosing nonpublic personal information
about a consumer to both affiliated and nonaffiliated third parties,
and provide a consumer a reasonable opportunity to direct the
institution not to share nonpublic personal information about the
consumer with nonaffiliated third parties. The GLB Act agencies,
including CFTC, have published substantially identical regulations to
implement GLB title V, known collectively as the ``privacy rule.'' Many
notices issued under the privacy rule

[[Page 27838]]

were long and complex, and difficult to compare with each other.
Consequently, GLB Act agencies are considering whether to amend the
privacy rule to provide for simpler, more useful notices. The GLB Act
agencies intend to issue an advance notice of proposed rulemaking to
determine whether to propose changes to the privacy rule, and if so,
will seek further public comment on specific programs. Six of the eight
GLB Act agencies have entered into a memorandum of understanding
through which they intend to contract with a consumer testing firm.
CFTC is not a party to the MOU.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/30/03                    68 FR 75164
ANPRM Comment Period End        03/29/04
NPRM                            05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Federal

Agency Contact: Laura M. Richards, Senior Assistant General Counsel,
Office of General Counsel, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5126
Fax: 202 418-5524
Email: [email protected]

David Jacobsohn, Counsel, Office of General Counsel, Commodity Futures
Trading Commission, Three Lafayette Centre, 1155 21st Street NW.,
Washington, DC 20581
Phone: 202 418-5161
Fax: 202 418-5524
Email: [email protected]

RIN: 3038-AC04
_______________________________________________________________________

3648. ALTERNATIVE MARKET RISK AND CREDIT RISK CAPITAL CHARGES AND
AMENDMENTS TO SPECIFIED FOREIGN CURRENCY FORWARD AND INVENTORY CAPITAL
CHARGES FOR FUTURES COMMISSION MERCHANTS AND INTRODUCING BROKERS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.

Legal Authority: 7 USC 6f(b)

CFR Citation: 17 CFR 1.17

Legal Deadline: None

Abstract: The Commission anticipates proposing amendments that would
permit qualifying futures commission merchants, that are also
securities brokers or dealers registered with the Securities and
Exchange Commission, to compute their net capital using alternative
market risk and credit risk models that have been approved by the
Securities and Exchange Commission. The proposal would also amend the
Commission's capital requirements by reducing from 20 percent to six
percent the capital charge that futures commission merchants and
introducing brokers are required to deduct from the market value of
uncovered forward contracts denominated in the following foreign
currencies: British pounds, Canadian dollars, Japanese yen, Swiss
francs, or the Euro. Uncovered forwards in other non-U.S. currencies
would remain subject to the 20 percent capital charge currently set
forth in the Commission's regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05
NPRM Comment Period End         07/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Thelma Diaz, Special Counsel, Division of Clearing and
Intermediary Oversight, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5137
Fax: 202 418-5536
Email: [email protected]

RIN: 3038-AC05
_______________________________________________________________________

3649. GUIDANCE ON CLEARING OF OVER-THE-COUNTER OPTIONS ON EXEMPT
COMMODITIES BY A DESIGNATED CONTRACT MARKET

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 2(h)

CFR Citation: None

Legal Deadline: None

Abstract: The Office of General Counsel will be issuing interpretive
guidance addressing the provision of centralized clearing services by a
designated contract market for over-the-counter options on exempt
commodities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Elizabeth L. Ritter, Assistant General Counsel,
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st
Street NW., Washington, DC 20581
Phone: 202 418-5052
Fax: 202 418-5524
Email: [email protected]

Christine P. Remy, Counsel, Office of General Counsel, Commodity
Futures Trading Commission, Three Lafayette Centre, 1155 21st Street
NW., Washington, DC 20581
Phone: 202 418-5134
Fax: 202 418-5524
Email: [email protected]

RIN: 3038-AC17
_______________________________________________________________________

3650. [bull] DEFINITION OF ``CLIENT'' OF A COMMODITY TRADING ADVISOR;
UNAVAILABILITY OF EXEMPTION FROM REGISTRATION FOR COMMODITY TRADING
ADVISORS THAT DIRECT CLIENT ACCOUNTS PURSUANT TO LETTERS OF DIRECTION

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 1a(6); 7 USC 6m; 7 USC 6g(a); 7 USC 12a(5)

CFR Citation: 17 CFR 1.3(bb); 17 CFR 4.14(a)(9); 17 CFR 4.10(f); 17 CFR
1.33(d)

Legal Deadline: None

Abstract: The Commission is proposing to amend various rules relating
to commodity trading advisors (CTAs). First, the Commission is
proposing to add to its rules a definition of the term ``client'' of a
CTA. Second, for CTAs that manage client accounts pursuant to a letter
of direction or other written authorization, the Commission is
proposing to specify situations in which the registration exemption for
CTAs providing standardized trading advice would not be available. In
connection with this latter proposal, the Commission is proposing to
specify situations in which a CTA managing

[[Page 27839]]

client accounts pursuant to a letter of direction or other written
authorization would be an account controller for the purposes of
receiving monthly and confirmation statements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05
NPRM Comment Period End         07/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: R. Stephen Painter Jr., Attorney-Advisor, Division of
Clearing and Intermediary Oversight, Commodity Futures Trading
Commission, Three Lafayette Centre, 1155 21st Street NW., Washington,
DC 20581
Phone: 202 418-5416
Fax: 202 418-5528
Email: [email protected]

RIN: 3038-AC20
_______________________________________________________________________

3651. [bull] ELIGIBLE COMMERCIAL ENTITIES AUTHORIZED TO TRADE ON EXEMPT
COMMERCIAL MARKETS

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat
2763

CFR Citation: 17 CFR 36

Legal Deadline: None

Abstract: The Commission is proposing to codify existing Commission
orders applicable to: (1) Commission-registered floor brokers and floor
traders; and (2) International Petroleum Exchange floor or electronic
brokers and local traders and, pursuant to section 1a(11) of the
Commodity Exchange Act, designate by rule those and similarly-situated
entities to be, subject to conditions, eligible commercial entities for
the purpose of trading on exempt commercial markets.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05
NPRM Comment Period End         06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Duane C. Andresen, Special Counsel, Division of Market
Oversight, Commodity Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5492
Fax: 202 418-5527
Email: [email protected]

RIN: 3038-AC21
_______________________________________________________________________

3652. [bull] CONTRACT MARKET AND LARGE TRADER REPORTING

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat
2763

CFR Citation: 17 USC 15 to 21

Legal Deadline: None

Abstract: The Commission is proposing to amend its large trader and
contract market reporting rules to permit their application to
derivatives transaction execution facilities when appropriate, to
introduce new reporting levels, and to take account of exchanges that
do not permit intermediation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05
NPRM Comment Period End         06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Bruce Fekrat, Attorney, Division of Market Oversight,
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st
Street NW., Washington, DC 20581
Phone: 202 418-5578
Fax: 202 418-5527
Email: [email protected]

RIN: 3038-AC22
_______________________________________________________________________

3653. [bull] TECHNICAL AND CLARIFYING AMENDMENTS TO RULES FOR EXEMPT
MARKETS, DERIVATIVES TRANSACTION EXECUTION FACILITIES, AND DESIGNATED
CONTRACT MARKETS

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat
2763

CFR Citation: 17 CFR 36 to 38; 17 CFR 40

Legal Deadline: None

Abstract: The proposed amendments are intended to clarify and codify
acceptable practices under the rules for trading facilities, adopted
pursuant to the Commodity Futures Modernization Act of 2000. The
proposed amendments are based on the Commission's experience over the
past three and one half years in applying the rules for trading
facilities. The proposed amendments also would make various technical
corrections and conforming amendments to the rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05
NPRM Comment Period End         06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Donald H. Heitman, Senior Special Counsel, Division of
Market Oversight, Commodity Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5041
Fax: 202 418-5507
Email: [email protected]

RIN: 3038-AC23

[[Page 27840]]

_______________________________________________________________________
Commodity Futures Trading Commission (CFTC)            Final Rule Stage

_______________________________________________________________________

3654. EXECUTION OF OFF-CENTRALIZED MARKET TRANSACTIONS: REGULATION 1.38
AND GUIDANCE ON CORE PRINCIPLE 9

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.

Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat
2763

CFR Citation: 17 CFR 1; 17 CFR 38

Legal Deadline: None

Abstract: Since the Commission originally promulgated Regulation 1.38,
the Commodity Futures Modernization Act of 2000 (CFMA) was signed into
law. The CFMA, among other things, specifically expanded the allowable
transactions that could be executed off the centralized market. The
Commission has proposed amendments to its rules concerning trading off
the centralized market, including the addition of guidance on contract
market block trading rules, in light of further administrative
experience with, and consideration of, the implications of the CFMA.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/01/04                    69 FR 39880
NPRM Comment Period End         08/30/04
Final Action                    07/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Riva Spear Adriance, Associate Deputy Director,
Division of Market Oversight, Commodity Futures Trading Commission,
Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5494
Fax: 202 418-5507
Email: [email protected]

Gabrielle A. Sudik, Special Counsel, Division of Market Oversight,
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st
Street NW., Washington, DC 20581
Phone: 202 418-5171
Fax: 202 418-5507
Email: [email protected]

RIN: 3038-AC07
_______________________________________________________________________

3655. INVESTMENT OF CUSTOMER FUNDS AND RECORD OF INVESTMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 6(c); 7 USC 6d

CFR Citation: 17 CFR 1.25; 17 CFR 1.27

Legal Deadline: None

Abstract: The Commission proposed amendments to Rule 1.25 to address:
(1) standards for investing in instruments with embedded derivatives;
(2) requirements for adjustable rate securities; (3) concentration
limits on reverse repurchase agreements; (4) transactions by futures
commission merchants that are also registered as securities broker-
dealers; (5) rating standards and registration requirements for money
market mutual funds; (6) auditability standards for investment records;
and (7) certain technical changes, including a proposed amendment to
Rule 1.27 in connection with repurchase agreements and proposed
transactions by futures commission merchants that are also broker-
dealers.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/03/05                     70 FR 5577
NPRM Comment Period End         03/07/05
Final Action                    05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Phyllis P. Dietz, Special Counsel, Division of Clearing
and Intermediary Oversight, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5449
Fax: 202 418-5536
Email: [email protected]

RIN: 3038-AC15
_______________________________________________________________________

3656. [bull] REVISION OF FEDERAL SPECULATIVE LIMITS

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, 114 Stat
2763

CFR Citation: 17 CFR 150

Legal Deadline: None

Abstract: The Commission is proposing to increase speculative position
limits for single-month and all-months-combined positions for Chicago
Board of Trade Corn, Soybeans, Wheat, Soybean Oil, and Soybean Meal;
Minneapolis Grain Exchange Hard Red Spring Wheat; and Kansas City Board
of Trade Hard Winter Wheat. The Commission is also proposing to
increase the all-months-combined speculative position limit for the
Cotton No. 2 contract of the New York Board of Trade. Furthermore, the
Commission is proposing to delete several regulatory provisions that
have become obsolete.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/15/05                    70 FR 12621
NPRM Comment Period End         04/14/05
Final Action                    05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Clarence Sanders, Attorney, Division of Market
Oversight, Commodity Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5068
Fax: 202 418-5527
Email: [email protected]

RIN: 3038-AC24

[[Page 27841]]

_______________________________________________________________________
Commodity Futures Trading Commission (CFTC)           Completed Actions

_______________________________________________________________________

3657. COLLECTION OF CLAIMS OWED THE UNITED STATES ARISING FROM
ACTIVITIES UNDER THE COMMISSION'S JURISDICTION

Priority: Substantive, Nonsignificant

CFR Citation: 17 CFR 143

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/31/04                    69 FR 52995

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Terry Arbit
Phone: 202 418-5357
Fax: 202 418-5524
Email: [email protected]

RIN: 3038-AC03
_______________________________________________________________________

3658. REPORTING LEVELS AND TRADES INVOLVING THE EXCHANGE OF FUTURES

Priority: Substantive, Nonsignificant

CFR Citation: 17 CFR 15 to 21

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/21/04                    69 FR 76392
Final Action Effective          01/20/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Gary J. Martinaitis
Phone: 202 418-5290
Fax: 202 418-5527
Email: [email protected]

RIN: 3038-AC08
_______________________________________________________________________

3659. RULES RELATING TO REVIEW OF NATIONAL FUTURES ASSOCIATION DECISIONS
IN DISCIPLINARY, MEMBERSHIP DENIAL, REGISTRATION, AND MEMBER
RESPONSIBILITY ACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 17 CFR 171

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/25/04                    69 FR 62226
Final Action                    01/13/05                     70 FR 2350

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Thuy T. B. Dinh
Phone: 202 418-5128
Fax: 202 418-5524
Email: [email protected]

Gail B. Scott
Phone: 202 418-5139
Fax: 202 418-5524
Email: [email protected]

RIN: 3038-AC12
_______________________________________________________________________

3660. APPLICATION PROCEDURES FOR REGISTRATION AS A DERIVATIVES
TRANSACTION EXECUTION FACILITY OR DESIGNATION AS A CONTRACT MARKET

Priority: Substantive, Nonsignificant

CFR Citation: 17 CFR 37; 17 CFR 38

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/22/04                    69 FR 67811
Final Action Effective          12/22/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Duane C. Andresen
Phone: 202 418-5492
Fax: 202 418-5527
Email: [email protected]

RIN: 3038-AC14
_______________________________________________________________________

3661. CUSTOMER PERMISSION FOR FCMS TO TAKE THE OPPOSITE SIDE OF AN ORDER

Priority: Substantive, Nonsignificant

CFR Citation: 17 CFR 1.55

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/09/04                    69 FR 64873
Final Action                    02/04/05                     70 FR 5923
Final Action Effective          03/04/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Susan A. Elliott
Phone: 202 418-5464
Fax: 202 418-5528
Email: [email protected]

RIN: 3038-AC16
_______________________________________________________________________

3662. [bull] DELEGATION OF AUTHORITY TO DIRECTOR OF DIVISION OF CLEARING
AND INTERMEDIARY OVERSIGHT

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 1 et seq

CFR Citation: 17 CFR 140.93

Legal Deadline: None

Abstract: The Commission has amended Rule 140.93 to delegate certain
functions reserved to the Commission under part 4 pertaining to
commodity pool operators and commodity trading advisors.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/14/05                     70 FR 2565

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Barbara S. Gold, Associate Director, Division of
Clearing and Intermediary Oversight, Commodity Futures Trading
Commission, Three Lafayette Centre, 1155 21st Street NW., Washington,
DC 20581
Phone: 202 418-5450
Fax: 202 418-5528
Email: [email protected]

RIN: 3038-AC18
[FR Doc. 05-7667 Filed 05-13-05; 8:45 am]
BILLING CODE 6351-01-S
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