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[Federal Register: April 6, 1998 (Volume 63, Number 65)]
[Notices]
[Page 16768-16769]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr06ap98-40]

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COMMODITY FUTURES TRADING COMMISSION


Applications of the New York Mercantile Exchange for Designation
as a Contract Market in Central Appalachian Coal Futures and Options,
Submitted Under 45-Day Fast Track Procedures

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of availability of proposed terms and conditions for
applications for contract market designation.

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SUMMARY: The New York Mercantile Exchange (NYMEX or Exchange) has
applied for designation as a contract market in Central Appalachian
coal futures and option contracts. The proposals were submitted under
the Commission's 45-day Fast Track procedures. The Director of the
Division of Economic Analysis (Division) of the Commission, acting
pursuant to the authority delegated by Commission Regulation 140.96,
has determined that publication of the proposals for comment is in the
public interest, will assist the Commission in considering the views of
interested persons, and is consistent with the purpose of the Commodity
Exchange Act.

DATES: Comments must be received on or before April 21, 1998.

ADDRESSES: Interested persons should submit their views and comments to
Jean A. Webb, Secretary, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW, Washington, DC 20581. In
addition, comments may be sent by facsimile transmission to facsimile
number (202) 418-5521, or by electronic mail to [email protected].
Reference should be made to NYMEX Central Appalachian coal futures and
option contracts.


[[Page 16769]]


FOR FURTHER INFORMATION CONTACT:
Please contact John Forkkio of the Division of Economic Analysis,
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st
Street NW, Washington, DC 20581, telephone (202) 418-5281. Facsimile
number: (202) 418-5527. Electronic mail: [email protected]

SUPPLEMENTARY INFORMATION: The proposed designation applications were
submitted pursuant to the Commission's Fast Track procedures for
streamlining the review of futures contract rule amendments and new
contract approvals (62 FR 10434). Under those procedures, the
proposals, absent any contrary action by the Commission, may be deemed
approved at the close of business on May 11, 1998, 45 days after
receipt of the proposals. In view of the limited review period provided
under the Fast Track procedures, the Commission has determined to
publish for public comment notice of the availability of the terms and
conditions for 15 days, rather than 30 days as provided for proposals
submitted under the regular review procedures.
    Copies of the proposed terms and conditions will be available for
inspection at the Office of the Secretariat, Commodity Futures Trading
Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC
20581. Copies can be obtained through the Office of the Secretariat by
mail at the above address, by phone at (202) 418-5100, or via the
internet on the CFTC website at www.cftc.gov under "What's Pending".
    Other materials submitted by the NYMEX in support of the proposals
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 (1997)), 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 the FOI, Privacy and
Sunshine Act Compliance Staff of the Office of Secretariat at the
Commission's headquarters in accordance with 17 CFR 145.7 and 145.8.
    Any person interested in submitting written data, views, or
arguments on the proposals, or with respect to other materials
submitted by the NYMEX, should send such comments to Jean A. Webb,
Secretary, Commodity Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street NW, Washington, DC 20581 by the specified
date.

    Issued in Washington, DC, on March 31, 1998.
Steven Manaster,
Director.
[FR Doc. 98-8851 Filed 4-3-98; 8:45 am]
BILLING CODE 6351-01-M
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