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[November 9, 1998 (Volume 63, Number 216)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua09no98_047-1]

[Page 62647-62649]

COMMODITY FUTURES TRADING COMMISSION (CFTC)

_______________________________________________________________________



[[Page 62647]]

_______________________________________________________________________

Part XLIX





Commodity Futures Trading Commission





_______________________________________________________________________



Semiannual Regulatory Agenda

[[Page 62648]]




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 Regulatory Flexibility Act, is publishing a semiannual agenda of
significant rules which the Commission expects to propose or promulgate
over the next year. For this edition of the Commission's agenda, the
most important and 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 welcomes comments from small entities and others.

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, 602 of 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 that 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 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. The listing of a rule in this regulatory flexibility
agenda is not a determination that a rule will require a regulatory
flexibility analysis. By publishing all significant rules,
regardless of their potential impact on small entities, the
Commission hopes to provide the public with 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 makes information on regulatory
matters available through its monthly calendar, weekly advisory,
and website (www.cftc.gov). Pursuant to 602 of the Regulatory
Flexibility Act, nothing "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 October 1998 regulatory flexibility agenda is
set forth below.

Issued in Washington, DC, on September 3, 1998, by the Commission.

Jean A. Webb,

Secretary to the Commission.

                                               Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
4278         Procedures for Involuntary Bulk Transfers or Liquidations of Customer Accounts.......    3038-AA77
4279         Concept Release Concerning Foreign Computer Terminal Placement in the United States
            (Reg Plan Seq. No. 162)...............................................................    3038-AB30
4280         Denomination of Customer Funds and Location of Depositories..........................    3038-AB31
4281         Revision of Federal Speculative Position Limits and Associated Rules (Reg Plan Seq.
            No. 163)..............................................................................   3038-AB32
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in Part II of this issue of the Federal Register.


                                                Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
4282         Prohibition on Voting by Interested Members (Reg Plan Seq. No. 164)..................    3038-AB03
4283         Requests for Exemptive, No-Action and Interpretative Letters.........................    3038-AB28
4284         Economic and Public Interest Requirements for Contract Market Designation (Reg Plan
            Seq. No. 165).........................................................................   3038-AB33
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in Part II of this issue of the Federal Register.


[[Page 62649]]


                                                Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
4285         Account Identification for Orders Submitted on Behalf of Multiple Customer Accounts..    3038-AB08
4286         Trade Options on the Agricultural Commodities Enumerated in the Commodity Exchange
            Act...................................................................................    3038-AB23
4287         Futures-Style Margining of Commodity Options.........................................    3038-AB25
4288         Orders Eligible for Post-Execution Allocation........................................    3038-AB26
4289         Maintenance of Minimum Financial Requirements by Futures Commission Merchants and
            Introducing Brokers...................................................................    3038-AB27
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________



[Page 62649]

COMMODITY FUTURES TRADING COMMISSION (CFTC)         Proposed Rule Stage

_______________________________________________________________________

4278. PROCEDURES FOR INVOLUNTARY BULK TRANSFERS OR LIQUIDATIONS OF
CUSTOMER ACCOUNTS




Priority:  Substantive, Nonsignificant

Legal Authority:  7 USC 6d; 7 USC 6f; 7 USC 6g; 7 USC 6k; 7 USC 12a

CFR Citation:  17 CFR 1.68

Legal Deadline: None

Abstract: The CFTC will undertake a rulemaking proceeding to establish
requirements concerning procedures to be followed by futures commission
merchants and introducing brokers when bulk transfers or liquidations
of customer accounts are made due to cessation or suspension of
business or other special circumstances affecting the registrant.
Issues to be addressed include whether commissions or fees can be
charged to customers if their accounts are transferred other than at
their request.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/00/99
NPRM Comment Period End         04/00/99

Regulatory Flexibility Analysis Required: Undetermined

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
Fax: 202 418-5536
Email: [email protected]

RIN: 3038-AA77
_______________________________________________________________________




[Page 62649]

COMMODITY FUTURES TRADING COMMISSION (CFTC)         Proposed Rule Stage

_______________________________________________________________________

4279. <bullet> CONCEPT RELEASE CONCERNING FOREIGN COMPUTER TERMINAL
PLACEMENT IN THE UNITED STATES

Regulatory Plan:  This entry is Seq. No. 162 in Part II of this issue
of the Federal Register.

RIN: 3038-AB30
_______________________________________________________________________




[Page 62649]

COMMODITY FUTURES TRADING COMMISSION (CFTC)         Proposed Rule Stage

_______________________________________________________________________

4280. <bullet> 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 published a Concept Release 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                            11/00/98

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Agency Contact: France Maca, Special Counsel, Division of Trading and
Markets, Commodity Futures Trading Commission, Three Lafayette Centre,
1155 21st Street NW., Washington, DC 20851
Phone: 202 418-5482
Fax: 202 418-5536
Email: [email protected]

RIN: 3038-AB31
_______________________________________________________________________




[Page 62649-62650]

COMMODITY FUTURES TRADING COMMISSION (CFTC)         Proposed Rule Stage

_______________________________________________________________________

4281. <bullet> REVISION OF FEDERAL SPECULATIVE POSITION LIMITS AND
ASSOCIATED RULES

Regulatory Plan:  This entry is Seq. No. 163 in Part II of this issue
of the Federal Register.

RIN: 3038-AB32

[[Page 62650]]

_______________________________________________________________________



[Page 62650]

COMMODITY FUTURES TRADING COMMISSION (CFTC)            Final Rule Stage

_______________________________________________________________________

4282. PROHIBITION ON VOTING BY INTERESTED MEMBERS




Regulatory Plan:  This entry is Seq. No. 164 in Part II of this issue
of the Federal Register.

RIN: 3038-AB03
_______________________________________________________________________




[Page 62650]

COMMODITY FUTURES TRADING COMMISSION (CFTC)           Completed Actions

_______________________________________________________________________

4288. ORDERS ELIGIBLE FOR POST-EXECUTION ALLOCATION

Priority:  Substantive, Nonsignificant

CFR Citation:  17 CFR 1.35

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/27/98                    63 FR 45699
Final Action Effective          10/26/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Duane C. Andresen
Phone: 202 418-5490
Fax: 202 418-5536
Email: [email protected]

RIN: 3038-AB26
_______________________________________________________________________




[Page 62650]

COMMODITY FUTURES TRADING COMMISSION (CFTC)            Final Rule Stage

_______________________________________________________________________

4284. <bullet> ECONOMIC AND PUBLIC INTEREST REQUIREMENTS FOR CONTRACT
MARKET DESIGNATION

Regulatory Plan:  This entry is Seq. No. 165 in Part II of this issue
of the Federal Register.

RIN: 3038-AB33
_______________________________________________________________________



[Page 62650]

COMMODITY FUTURES TRADING COMMISSION (CFTC)           Completed Actions

_______________________________________________________________________

4285. ACCOUNT IDENTIFICATION FOR ORDERS SUBMITTED ON BEHALF OF MULTIPLE
CUSTOMER ACCOUNTS




Priority:  Substantive, Nonsignificant

CFR Citation:  17 CFR 1.35

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       06/09/97

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Duane C. Andresen
Phone: 202 418-5492
Fax: 202 418-5536
Email: [email protected]

RIN: 3038-AB08
_______________________________________________________________________




[Page 62650]

COMMODITY FUTURES TRADING COMMISSION (CFTC)           Completed Actions

_______________________________________________________________________

4286. TRADE OPTIONS ON THE AGRICULTURAL COMMODITIES ENUMERATED IN THE
COMMODITY EXCHANGE ACT

Priority:  Other Significant

CFR Citation:  17 CFR 3; 17 CFR 32; 17 CFR 33

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule - (Effective
Date 06/15/98)                  04/16/98                    63 FR 18821

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-AB23
_______________________________________________________________________




[Page 62650]

COMMODITY FUTURES TRADING COMMISSION (CFTC)           Completed Actions

_______________________________________________________________________

4287. FUTURES-STYLE MARGINING OF COMMODITY OPTIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  17 CFR 1.55; 17 CFR 33.7; 17 CFR 33.4(a)(2)

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/16/98                    63 FR 32726

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Thomas Smith
Phone: 202 418-5495
Fax: 202 418-5536
Email: [email protected]

RIN: 3038-AB25
_______________________________________________________________________




[Page 62650]

COMMODITY FUTURES TRADING COMMISSION (CFTC)           Completed Actions

_______________________________________________________________________

4288. ORDERS ELIGIBLE FOR POST-EXECUTION ALLOCATION

Priority:  Substantive, Nonsignificant

CFR Citation:  17 CFR 1.35

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/27/98                    63 FR 45699
Final Action Effective          10/26/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Duane C. Andresen
Phone: 202 418-5490
Fax: 202 418-5536
Email: [email protected]

RIN: 3038-AB26
_______________________________________________________________________




[Page 62650-62651]

COMMODITY FUTURES TRADING COMMISSION (CFTC)           Completed Actions

_______________________________________________________________________

4289. MAINTENANCE OF MINIMUM FINANCIAL REQUIREMENTS BY FUTURES
COMMISSION MERCHANTS AND INTRODUCING BROKERS

Priority:  Substantive, Nonsignificant

CFR Citation:  17 CFR 1.12

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/27/98                    63 FR 45711
Final Action Effective          09/28/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lawrence B. Patent
Phone: 202 418-5439
Fax: 202 418-5536

[[Page 62651]]

Email: [email protected]

RIN: 3038-AB27
[FR Doc. 98-24585 Filed 11-06-98; 8:45 am]
BILLING CODE 6351-01-F
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