```

[April 24, 2000 (Volume 65, Number 79)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua24ap00_047-1]

[Page 23772-23773]

COMMODITY FUTURES TRADING COMMISSION (CFTC)

_______________________________________________________________________


Part XLVII





Commodity Futures Trading Commission





_______________________________________________________________________



Semiannual Regulatory Agenda

[[Page 23772]]




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 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: Ms. Barbara Webster Black,
Special Assistant to the Executive Director, Commodity Futures Trading
Commission, 1155 21st Street NW., Washington, DC 20581, (202) 418-5130,
[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:

    (a) During the months of April and October 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.\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 April 2000 regulatory flexibility agenda is
set forth below.

Issued in Washington, DC, on February 25, 2000 by the Commission.

 Catherine D. Dixon,

Assistant 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 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 lists rules that the Commission is considering or
will consider in the near future.

                            Commodity Futures Trading Commission--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3968        Denomination of Customer Funds and Location of Depositories.........................     3038-AB31
3969        Definition of a Principal...........................................................     3038-AB36
3970        Rule 4.7: Exemption From Certain Part 4 Requirements With Respect to Qualified           3038-AB37
            Eligible Participants and Qualified Eligible Clients................................
3971        Special Reporting Required of Certain Commodity Pool Operators--Regulations 4.7,         3038-AB40
            4.12, and 4.27......................................................................
3972        Contingent EFP Prohibition..........................................................     3038-AB41
3973        Minimum Financial Requirements for Futures Commission Merchants and Introducing          3038-AB49
            Brokers.............................................................................
----------------------------------------------------------------------------------------------------------------


                             Commodity Futures Trading Commission--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3974        Exclusion for Certain Otherwise Regulated Persons From the Definition of the Term        3038-AB34
            ``Commodity Pool Operator''.........................................................
3975        Insider Trading--Regulation 1.59....................................................     3038-AB35
3976        Performance Disclosures for Commodity Trading Advisors and Commodity Pool Operators.     3038-AB39
3977        Market Rule Review Procedures.......................................................     3038-AB44
3978        Registration Exemptions Pertaining to the Offer and Sale of Foreign Futures and          3038-AB45
            Foreign Options Contracts to Customers Located in the United States.................

[[Page 23773]]


3979        Direct Foreign Order Transmittal....................................................     3038-AB46
3980        Revision of Commission's Procedure for the Review of Contract Market Rules..........     3038-AB50
3981        Minimum Financial Requirements for Futures Commission Merchants and Introducing          3038-AB51
            Brokers.............................................................................
----------------------------------------------------------------------------------------------------------------


                             Commodity Futures Trading Commission--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3982        Procedures for Involuntary Bulk Transfers or Liquidations of Customer Accounts......     3038-AA77
3983        Revised Procedures for Commission Review and Approval of Applications for Contract       3038-AB42
            Market Designation and of Related Contract Terms and Conditions.....................
3984        Trade Options on the Enumerated Agricultural Commodities............................     3038-AB43
3985        Use of Electronic Signatures........................................................     3038-AB47
3986        Exemption From Registration as a Commodity Trading Advisor..........................     3038-AB48
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________
```

```

[April 24, 2000 (Volume 65, Number 79)]
[Unified Agenda]
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[DOCID:ua24ap00_047-2]

[Page 23773]

COMMODITY FUTURES TRADING COMMISSION (CFTC)         Proposed Rule Stage

_______________________________________________________________________

3968. DENOMINATION OF CUSTOMER FUNDS AND LOCATION OF DEPOSITORIES




Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 1a; 7 USC 2; 7 USC 2a; 7 USC 4; 7 USC 4a; 7 USC
6; 7 USC 6a; 7 USC 6b; 7 USC 6c; 7 USC 6d; 7 USC 6e; 7 USC 6f; 7 USC
6g; 7 USC 6h; 7 USC 6l

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The Commission is proposing rules requesting public comment
on how to address the risks relating to holding segregated funds
offshore or in foreign currencies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Concept Release                 12/30/97                    62 FR 67841
NPRM                            06/00/00
NPRM Comment Period End         08/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: France M. T. Maca, Special Counsel, Division of Trading
and Markets, Commodity Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5482
Email: [email protected]

RIN: 3038-AB31
_______________________________________________________________________
```

```

[April 24, 2000 (Volume 65, Number 79)]
[Unified Agenda]
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[DOCID:ua24ap00_047-3]

[Page 23773]

COMMODITY FUTURES TRADING COMMISSION (CFTC)         Proposed Rule Stage

_______________________________________________________________________

3969. DEFINITION OF A PRINCIPAL

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 6d; 7 USC 6f; 7 USC 6m; 7 USC 6n; 7 USC 12a

CFR Citation: 17 CFR 3.1; 17 CFR 4.10

Legal Deadline: None

Abstract: The Commission will undertake a rulemaking to modify the
definition of a ``principal'' for purposes of firm registration and
disclosure under Part 4 of the Commission's rules. The focus will be
upon which officers of a firm should be considered principals for these
purposes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/00
NPRM Comment Period End         07/00/00

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lawrence B. Patent, Associate Chief Counsel, Division
of Trading and Markets, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581
Phone: 202 418-5439
Email: [email protected]

RIN: 3038-AB36
_______________________________________________________________________
```

```

[April 24, 2000 (Volume 65, Number 79)]
[Unified Agenda]
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[DOCID:ua24ap00_047-4]

[Page 23773-23774]

COMMODITY FUTURES TRADING COMMISSION (CFTC)         Proposed Rule Stage

_______________________________________________________________________

3970. RULE 4.7: EXEMPTION FROM CERTAIN PART 4 REQUIREMENTS WITH RESPECT
TO QUALIFIED ELIGIBLE PARTICIPANTS AND QUALIFIED ELIGIBLE CLIENTS

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 2; 7 USC 6b; 7 USC 6c; 7 USC 6l to 6o; 7 USC
12a; 7 USC 23

CFR Citation: 17 CFR 4.7

Legal Deadline: None

Abstract: The Commodity Futures Trading Commission proposed amendments
to Rule 4.7 that would make more persons eligible for treatment as
qualified eligible participants or qualified eligible clients under the
rule, e.g., principals of the commodity pool operator or commodity
trading advisor who have been employed in the financial services
industry for a specified number of years.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/02/00                    65 FR 11253
NPRM Comment Period End         05/01/00

[[Page 23774]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Helene D. Schroeder, Attorney Advisor, Division of
Trading and Markets, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW, Washington, DC 20581
Phone: 202 418-5424
Fax: 202 418-5528
Email: [email protected]

RIN: 3038-AB37
_______________________________________________________________________
```

```

[April 24, 2000 (Volume 65, Number 79)]
[Unified Agenda]
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[DOCID:ua24ap00_047-5]

[Page 23774]

COMMODITY FUTURES TRADING COMMISSION (CFTC)         Proposed Rule Stage

_______________________________________________________________________

3971. SPECIAL REPORTING REQUIRED OF CERTAIN COMMODITY POOL OPERATORS--
REGULATIONS 4.7, 4.12, AND 4.27

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.

Legal Authority: 7 USC 6l

CFR Citation: 17 CFR 4.7; 17 CFR 4.12; 17 CFR 4.27 (Proposed)

Legal Deadline: None

Abstract: The proposed regulatory amendments would require large
commodity pools or ``hedge funds'' to file quarterly financial reports
and risk information. These data would be published to enable the
public and regulatory bodies to assess the potential financial systemic
risk posed by such funds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/00
NPRM Comment Period End         06/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Tobey Kaczensky, Special Counsel, Division of Trading
and Markets, Commodity Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street, NW, Washington, DC 20581
Phone: 202 418-5460
Fax: 202 418-5520
Email: [email protected]

RIN: 3038-AB40
_______________________________________________________________________
```

```

[April 24, 2000 (Volume 65, Number 79)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua24ap00_047-6]

[Page 23774]

COMMODITY FUTURES TRADING COMMISSION (CFTC)         Proposed Rule Stage

_______________________________________________________________________

3972. CONTINGENT EFP PROHIBITION

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.

Legal Authority: 7 USC 6b; 7 USC 6c; 7 USC 6

CFR Citation: 17 CFR 1.38a

Legal Deadline: None

Abstract: The proposed regulatory amendment would clarify the
distinctions between transitory and contingent EFPs and would prohibit
the execution of contingent EFPs as transactions not allowed under
Section 4c of the Commodity Exchange Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/00
NPRM Comment Period End         06/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Riva Spear Adriance, Attorney Advisor, Division of
Trading and Markets, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street, NW, Washington, DC 20581
Phone: 202 418-5494
Fax: 202 418-5536
Email: [email protected]

RIN: 3038-AB41
_______________________________________________________________________
```

```

[April 24, 2000 (Volume 65, Number 79)]
[Unified Agenda]
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[DOCID:ua24ap00_047-7]

[Page 23774-23775]

COMMODITY FUTURES TRADING COMMISSION (CFTC)         Proposed Rule Stage

_______________________________________________________________________

3973. � MINIMUM FINANCIAL REQUIREMENTS FOR FUTURES COMMISSION
MERCHANTS AND INTRODUCING BROKERS

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 6f

CFR Citation: 17 CFR 1.17

Legal Deadline: None

Abstract: The Commodity Futures Trading Commission is proposing to
amend that portion of Rule 1.17 that imposes requirements upon
subordination agreements governing liabilities of a futures commission
merchant (FCM) or introducing broker (IB). If the subordination
agreement is deemed satisfactory, the liabilities associated with the
agreement may be excluded from the FCM's or IB's computation of its
adjusted net capital. Currently, FCMs or IBs that are also registered
securities brokers or dealers with the Securities and Exchange
Commission need the prior approval of both a futures market designated
self-regulatory organization and a securities market designated
examining authority for subordination agreements to be deemed
satisfactory and to prepay subordinated debt. The proposed amendments
would streamline the review process by relieving the designated self-
regulatory organization of the responsibility of performing an
independent review of a proposed subordination agreement or proposed
prepayment provided that such a review was performed by the designated
examining authority.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/00
NPRM Comment Period End         05/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Thomas J. Smith, Special Counsel, Division of Trading
and Markets, Commodity Futures Trading Commission, Three Lafayette
Centre, 1121 21st Street NW, Washington, DC 20581
Phone: 202 418-5495
Email: [email protected]

RIN: 3038-AB49

[[Page 23775]]

_______________________________________________________________________
```

```

[April 24, 2000 (Volume 65, Number 79)]
[Unified Agenda]
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[DOCID:ua24ap00_047-8]

[Page 23775]

COMMODITY FUTURES TRADING COMMISSION (CFTC)            Final Rule Stage

_______________________________________________________________________

3974. EXCLUSION FOR CERTAIN OTHERWISE REGULATED PERSONS FROM THE
DEFINITION OF THE TERM ``COMMODITY POOL OPERATOR''




Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 1a(4); 7 USC 6k to 6o; 7 USC 12a

CFR Citation: 17 CFR 4.5

Legal Deadline: None

Abstract: The Commodity Futures Trading Commission proposed an
amendment to Rule 4.5 by adding a plan defined as a ``Church plan'' in
Section 3(33) of title I of the Employee Retirement Income Security Act
of 1974 to the list of employee benefit plans that the rule currently
provides shall not be construed to be commodity pools.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/01/00                    65 FR 10939
NPRM Comment Period End         03/31/00
Final Action                    05/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Barbara Stern Gold, Assistant Chief Counsel, Division
of Trading and Markets, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW, Washington, DC 20581
Phone: 202 418-5450
Email: [email protected]

RIN: 3038-AB34
_______________________________________________________________________
```

```

[April 24, 2000 (Volume 65, Number 79)]
[Unified Agenda]
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[DOCID:ua24ap00_047-9]

[Page 23775]

COMMODITY FUTURES TRADING COMMISSION (CFTC)            Final Rule Stage

_______________________________________________________________________

3975. INSIDER TRADING--REGULATION 1.59

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 9

CFR Citation: 17 CFR 1.59

Legal Deadline: None

Abstract: The proposed regulatory amendment would clarify the use of
the terms self-regulatory employee and governing board or committee
member for the purpose of Regulation 1.59. The proposed amendment also
would clarify the scope of the trading prohibition in Regulation
1.59(b)(1)(i).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/28/99                    64 FR 72587
NPRM Comment Period End         01/27/00
Final Action                    05/00/00

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: David P. Van Wagner, Acting Associate Director,
Division of Trading and Markets, Commodity Futures Trading Commission,
Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581
Phone: 202 418-5481
Email: [email protected]

RIN: 3038-AB35
_______________________________________________________________________
```

```

[April 24, 2000 (Volume 65, Number 79)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua24ap00_047-10]

[Page 23775]

COMMODITY FUTURES TRADING COMMISSION (CFTC)            Final Rule Stage

_______________________________________________________________________

3976. PERFORMANCE DISCLOSURES FOR COMMODITY TRADING ADVISORS AND
COMMODITY POOL OPERATORS

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 6n; 7 USC 6o; 7 USC 12a

CFR Citation: 17 CFR 4.25; 17 CFR 4.35

Legal Deadline: None

Abstract: The Commodity Futures Trading Commission is proposing
amendments to the requirements concerning the presentation of rate of
return data by commodity trading advisors and commodity pool operators.
The Commission's proposed rules address computational and disclosure
matters relating to participating in commodity trading advisor programs
on a partially-funded basis.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           06/18/98                    63 FR 33297
ANPRM Comment Period End        09/16/98
NPRM                            08/02/99                    64 FR 41843
NPRM Comment Period End         10/01/99
Final Action                    04/00/00

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Robert B. Wasserman, Associate Director, Division of
Trading and Markets, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW, Washington, DC 20581
Phone: 202 418-5092
Fax: 202 418-5528
Email: [email protected]

RIN: 3038-AB39
_______________________________________________________________________
```

```

[April 24, 2000 (Volume 65, Number 79)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua24ap00_047-11]

[Page 23775-23776]

COMMODITY FUTURES TRADING COMMISSION (CFTC)            Final Rule Stage

_______________________________________________________________________

3977. MARKET RULE REVIEW PROCEDURES

Priority: Other Significant

Legal Authority: 7 USC 1a; 7 USC 8; 7 USC 9; 7 USC 12; 7 USC 13a; 7 USC
16; 7 USC 19; 7 USC 21; 7 USC 23; 7 USC 24; 7 USC 2; 7 USC 2a; 7 USC 4;
7 USC 4a; 7 USC 6; 7 USC 6a to 6p; 7 USC 7; 7 USC 7a to 7b; 7 USC 12a;
7 USC 12c; 7 USC 13a-1; 7 USC 16a

CFR Citation: 17 CFR 1

Legal Deadline: None

Abstract: The CFTC is proposing to amend its contract market rule
review and approval procedures to allow for additional categories of
exchange rule amendments to be approved automatically, upon adoption by
the exchange, and to permit such amendments to be submitted to the
Commission in a single, weekly, summary filing rather than in
individual submissions. For certain other rules, the review time would
be reduced to three days. The proposed rules also reorganize, in a
clearer and more accessible format, the Commission's rules on expedited
approval procedures for proposed rule amendments to exchange contract
terms and conditions. The proposed rules will necessitate the filing of
fewer individual submissions by U.S. exchanges with the Commission and
will reduce unnecessary burdens associated with the Commission's review
and approval of proposed exchange rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/15/99                    64 FR 38159
NPRM Comment Period End         08/16/99
Final Action                    06/00/00
Final Action Effective          08/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Agency Contact: Richard A. Shilts, Director, Market Analysis, Division
of Economic Analysis, Commodity

[[Page 23776]]

Futures Trading Commission, Three Lafayette Centre, 1155 21st Street,
NW, Washington, DC 20581
Phone: 202 418-5260
Fax: 202 418-5527
Email: [email protected]

RIN: 3038-AB44
_______________________________________________________________________
```

```

[April 24, 2000 (Volume 65, Number 79)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua24ap00_047-12]

[Page 23776]

COMMODITY FUTURES TRADING COMMISSION (CFTC)            Final Rule Stage

_______________________________________________________________________

3978. REGISTRATION EXEMPTIONS PERTAINING TO THE OFFER AND SALE OF
FOREIGN FUTURES AND FOREIGN OPTIONS CONTRACTS TO CUSTOMERS LOCATED IN
THE UNITED STATES

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 2(a)(1)(A); 7 USC 4(b); 7 USC 4c

CFR Citation: 17 CFR 30.1; 17 CFR 30.4; 17 CFR 30.10

Legal Deadline: None

Abstract: The Commission proposes to codify some of the interpretations
and positions that its staff has taken regarding registration
requirements under Part 30 of the Commission's rules, which governs,
generally, the solicitation and sale of foreign futures and foreign
options contracts to customers located in the United States. The
Commission proposes to modify Rule 30.4(a) by clarifying that foreign
futures and options brokers, including those with U.S. bank branches,
are not required to register as futures commission merchants (FCMs)
pursuant to Rule 30.4, or seek Rule 30.10 relief, if they fall
generally into the following categories: (1) those that carry customer
omnibus accounts for U.S. FCMs; (2) those that carry U.S. affiliate
accounts that are proprietary to the foreign futures and options
broker; and (3) those that carry U.S. accounts that are proprietary to
a U.S. FCM. In addition, proposed Rule 30.10(a) will specify
representations that must be made by a foreign futures and options
broker that has U.S. bank branches in order to obtain a Rule 30.10
comparability exemption or to come within the registration exception of
Rule 30.4.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/26/99                    64 FR 46613
NPRM Comment Period End         10/25/99
Final Action                    04/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Susan A. Elliott, Senior Attorney, Division of Trading
and Markets, Commodity Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street, NW, Washington, DC 20581
Phone: 202 418-5464
Fax: 202 418-5528
Email: [email protected]

RIN: 3038-AB45
_______________________________________________________________________
```

```

[April 24, 2000 (Volume 65, Number 79)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua24ap00_047-13]

[Page 23776]

COMMODITY FUTURES TRADING COMMISSION (CFTC)            Final Rule Stage

_______________________________________________________________________

3979. DIRECT FOREIGN ORDER TRANSMITTAL

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 2; 7 USC 6(b), 6c; 7 USC 12a

CFR Citation: 17 CFR 30.12

Legal Deadline: None

Abstract: Under proposed Rule 30.12, certain unregistered foreign
futures and options brokers (FFOBs) would be permitted to accept orders
directly from certain sophisticated U.S. foreign futures and options
customers for execution through the customer's futures commission
merchant's (FCM) customer omnibus account. In addition, proposed Rule
30.12 would permit an unregistered FFOB to directly accept and execute
these orders and give up the trades to another unregistered FFOB
carrying the FCM's customer omnibus account. The proposed rule would
require participating FCMs to satisfy minimum financial requirements
and comply with certain procedural safeguards. The permissible means by
which foreign orders could be transmitted to an FFOB by the customer
are telephone, facsimile, and electronic message.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/26/99                    64 FR 46618
NPRM Comment Period End         10/25/99
Final Action                    04/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Andrew V. Chapin, Attorney Advisor, Division of Trading
and Markets, Commodity Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street, NW, Washington, DC 20581
Phone: 202 418-5465
Fax: 202 418-5547
Email: [email protected]

RIN: 3038-AB46
_______________________________________________________________________
```

```

[April 24, 2000 (Volume 65, Number 79)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua24ap00_047-14]

[Page 23776]

COMMODITY FUTURES TRADING COMMISSION (CFTC)            Final Rule Stage

_______________________________________________________________________

3980. � REVISION OF COMMISSION'S PROCEDURE FOR THE REVIEW OF
CONTRACT MARKET RULES

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 6; 7 USC 6c; 7 USC 7; 7 USC 7a; 7 USC 8; 7 USC
8a

CFR Citation: 17 CFR 1.41(z)

Legal Deadline: None

Abstract: The CFTC has proposed to revise its procedures for the review
of all types of contract market rule changes. Under the proposed new
Regulation 1.41(z), a contract market rule could be placed into effect
on the business day after the CFTC had received a submission for the
rule that contained, among other things, the text and a brief
explanation of the rule and a certification that the rule is not
inconsistent with the Commodity Exchange Act or with the CFTC
regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/26/99                    64 FR 66428
Extension of Comment Period     01/24/00                     65 FR 3623
NPRM Comment Period End         02/24/00
Final Action                    05/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Rebecca Creed, Attorney Advisor, Division of Trading
and Markets, Commodity Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street, NW, Washington, DC 20581
Phone: 202 418-5493
Fax: 202 418-5536
Email: [email protected]

RIN: 3038-AB50
_______________________________________________________________________
```

```

[April 24, 2000 (Volume 65, Number 79)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua24ap00_047-15]

[Page 23776-23777]

COMMODITY FUTURES TRADING COMMISSION (CFTC)            Final Rule Stage

_______________________________________________________________________

3981. � MINIMUM FINANCIAL REQUIREMENTS FOR FUTURES COMMISSION
MERCHANTS AND INTRODUCING BROKERS

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 6f

[[Page 23777]]

CFR Citation: 17 CFR 1.17

Legal Deadline: None

Abstract: The Commodity Futures Trading Commission is proposing to
amend Rule 1.17 to ease the restrictions imposed on the withdrawal of
equity capital from a futures commission merchant or introducing broker
and to increase the percentage deductions applied to the value of
equity securities pledged as collateral for secured demand notes that
are included in the computation of adjusted net capital of a futures
commission merchant or introducing broker.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/10/00                     65 FR 6569
NPRM Comment Period End         03/13/00
Final Action                    06/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Thomas J. Smith, Special Counsel, Division of Trading
and Markets, Commodity Futures Trading Commission, Three Lafayette
Centre, 1121 21st Street NW, Washington, DC 20581
Phone: 202 418-5495
Email: [email protected]

RIN: 3038-AB51
_______________________________________________________________________
```

```

[April 24, 2000 (Volume 65, Number 79)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua24ap00_047-16]

[Page 23777]

COMMODITY FUTURES TRADING COMMISSION (CFTC)           Completed Actions

_______________________________________________________________________

3982. PROCEDURES FOR INVOLUNTARY BULK TRANSFERS OR LIQUIDATIONS OF
CUSTOMER ACCOUNTS




Priority: Substantive, Nonsignificant

CFR Citation: 17 CFR 1.68

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       02/14/00

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lawrence B. Patent
Phone: 202 418-5439
Email: [email protected]

RIN: 3038-AA77
_______________________________________________________________________
```

```

[April 24, 2000 (Volume 65, Number 79)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua24ap00_047-17]

[Page 23777]

COMMODITY FUTURES TRADING COMMISSION (CFTC)           Completed Actions

_______________________________________________________________________

3983. REVISED PROCEDURES FOR COMMISSION REVIEW AND APPROVAL OF
APPLICATIONS FOR CONTRACT MARKET DESIGNATION AND OF RELATED CONTRACT
TERMS AND CONDITIONS

Priority: Other Significant

CFR Citation: 17 CFR 5

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/26/99                    64 FR 66373
Final Action Effective          01/25/00

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Paul M. Architzel
Phone: 202 418-5260
Fax: 202 418-5527
Email: [email protected]

RIN: 3038-AB42
_______________________________________________________________________
```

```

[April 24, 2000 (Volume 65, Number 79)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua24ap00_047-18]

[Page 23777]

COMMODITY FUTURES TRADING COMMISSION (CFTC)           Completed Actions

_______________________________________________________________________

3984. TRADE OPTIONS ON THE ENUMERATED AGRICULTURAL COMMODITIES

Priority: Other Significant

CFR Citation: 17 CFR 3; 17 CFR 32; 17 CFR 33

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/06/99                    64 FR 68011
Final Action Effective          02/04/00

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Paul M. Architzel
Phone: 202 418-5260
Fax: 202 418-5527
Email: [email protected]

RIN: 3038-AB43
_______________________________________________________________________
```

```

[April 24, 2000 (Volume 65, Number 79)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua24ap00_047-19]

[Page 23777]

COMMODITY FUTURES TRADING COMMISSION (CFTC)           Completed Actions

_______________________________________________________________________

3985. USE OF ELECTRONIC SIGNATURES

Priority: Substantive, Nonsignificant

CFR Citation: 17 CFR 1.3(tt); 17 CFR 1.4

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    03/09/00                    65 FR 12466
Final Action Effective          03/09/00

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Christopher W. Cummings
Phone: 202 418-5545
Fax: 202 418-5547
Email: [email protected]

RIN: 3038-AB47
_______________________________________________________________________
```

```

[April 24, 2000 (Volume 65, Number 79)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua24ap00_047-20]

[Page 23777-23778]

COMMODITY FUTURES TRADING COMMISSION (CFTC)           Completed Actions

_______________________________________________________________________

3986. � EXEMPTION FROM REGISTRATION AS A COMMODITY TRADING
ADVISOR

Priority: Substantive, Nonsignificant

Legal Authority: 7 USC 12a

CFR Citation: 17 CFR 4.14

Legal Deadline: None

Abstract: The Commission has amended Commission Rule 4.14 to create an
exemption from registration requirements for commodity trading advisors
that provide standardized advice by means of media such as newsletters,
prerecorded telephone newslines, internet websites, and non-customized
computer software.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/07/99                    64 FR 68304
Comment Period End              02/07/00
Final Action                    03/10/00                    65 FR 12938
Final Action Effective          03/10/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Martin B. White, Attorney, Office of General Counsel,
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st
Street, NW, Washington, DC 20581
Phone: 202 418-5120
Fax: 202 418-5524
Email: [email protected]

Michael J. Garawski, Attorney, Office of General Counsel, Commodity
Futures Trading Commission, Three Lafayette Centre, 1155 21st Street,
NW, Washington, DC 20581
Phone: 202 418-5120

[[Page 23778]]

Fax: 202 418-5524
Email: [email protected]

J. Douglas Richards, Deputy General Counsel, Office of General Counsel,
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st
Street, NW, Washington, DC 20581
Phone: 202 418-5120
Fax: 202 418-5524
Email: [email protected]

RIN: 3038-AB48
[FR Doc. 00-5316 Filed 04-21-00; 8:45 am]
BILLING CODE 6351-01-F
```

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