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[October 29, 1997 (Volume 62, Number 209)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]

[Page 58359-58361]

COMMODITY FUTURES TRADING COMMISSION (CFTC)

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[[Page 58359]]

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Part XLVI





Commodity Futures Trading Commission





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Semiannual Regulatory Agenda

[[Page 58360]]




COMMODITY FUTURES TRADING COMMISSION

17 CFR Ch. I

Regulatory Flexibility Agenda

AGENCY: Commodity Futures Trading Commission.

ACTION: Semiannual regulatory agenda.

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SUMMARY: The Commodity Futures Trading Commission, in accordance with
the requirements of the Regulatory Flexibility Act, is publishing a
semiannual agenda of significant rules which the Commission expects to
propose or promulgate over the next year. The Commission welcomes
comments from small entities and others on the agenda.

ADDRESSES: Comments should be sent to: Gerald P. Smith, Special
Assistant to the Executive Director, Commodity Futures Trading
Commission, 1155 21st Street NW., Washington, DC 20581, (202) 418-5160.

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:

    (a) During the months of October and April of each year, each
agency shall publish in the Federal Register a regulatory
flexibility agenda which shall contain:

    (1) A brief description of the subject area of any rule which
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 concerning the items listed in paragraph (1). 5
U.S.C. 602(a).

    The Commission has prepared an agenda of significant rules
which it presently expects may be considered during the course of
the next year, irrespective of their potential impact on small
entities.<SUP>1</SUP> 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.''


<SUP>1</SUP> The Commission has published its definition of small
entity to be used by the Commission in connection with rulemaking
proceedings. 47 FR 18618 (April 30, 1982). Pursuant to those
definitions, 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, 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, which 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, an advisory,
which list rules that the Commission is considering or will consider in
the near future.

    For this edition of the Commodity Futures Trading Commission's
regulatory agenda, the most important significant regulatory
actions are included in The Regulatory Plan, which appears in Part
II of this issue of the Federal Register. The Regulatory Plan
entries are listed in the Table of Contents below and are denoted
by a bracketed bold reference, which directs the reader to the
appropriate Sequence Number in Part II.

    The Commission's October 1997 regulatory flexibility agenda is
set forth below.

Issued in Washington, DC, on August 14, 1997, by the Commission.

Jean A. Webb,

Secretary to the Commission.

                                               Proposed Rule Stage
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                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
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4136         Procedures for Involuntary Bulk Transfers or Liquidations of Customer Accounts.......    3038-AA77
4137         Trade Options on the Agricultural Commodities Enumerated in the Commodity Exchange
            Act (Reg Plan Seq. No. 162)...........................................................    3038-AB23
4138         Distribution of Risk Disclosure Statements By Futures Commission Merchants and
            Introducing Brokers...................................................................   3038-AB24
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References in boldface appear in the Regulatory Plan in Part II of this issue of the Federal Register.


                                                Final Rule Stage
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                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
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4139         Risk Assessment for Holding Company Systems..........................................    3038-AB01
4140         Prohibition on Voting by Interested Members (Reg Plan Seq. No. 163)..................   3038-AB03
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References in boldface appear in the Regulatory Plan in Part II of this issue of the Federal Register.


[[Page 58361]]


                                                Long-Term Actions
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                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
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4141         Account Identification for Orders Submitted on Behalf of Multiple Customer Accounts..    3038-AB08
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                                                Completed Actions
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                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
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4142         Use of Electronic Media by Commodity Pool Operators and Commodity Trading Advisors...    3038-AB17
4143         Recordkeeping: Option Large Trader Reports by Futures Commission Merchants, Clearing
            Members, Foreign Brokers and Large Traders............................................    3038-AB19
4144         Securities Representing Investment of Customer Funds.................................    3038-AB22
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