U.S. COMMODITY FUTURES TRADING COMMISSION 

RENEWAL CHARTER OF THE 

TECHNOLOGY ADVISORY COMMITTEE 

(1) Committee’s Official Designation. 

The advisory committee’s official designation is the Technology Advisory Committee 

(“TAC”). 

(2) Authority. 

The TAC is a discretionary advisory committee established by the authority of the U.S. 

Commodity Futures Trading Commission (“Commission”) in accordance with the 

Federal Advisory Committee Act (“FACA”), as amended, 5 U.S.C. App. II. 

(3) Objectives and Scope of Activities.

The TAC’s objectives and scope of activities shall be to conduct public meetings, to 

submit reports and recommendations to the Commission, and to otherwise assist the 

Commission in identifying and understanding the impact and implications of 

technological innovation in the financial services, derivatives, and commodity markets. 

The TAC will provide advice on the application and utilization of new technologies in 

financial services, derivatives, and commodity markets, as well as by market 

professionals and market users. The TAC may further provide advice to the Commission 

on the appropriate level of investment in technology at the Commission to meet its 

surveillance and enforcement responsibilities, and inform the Commission’s 

consideration of technology-related issues to support the Commission’s mission of 

ensuring the integrity of the markets and achievement of other public interest objectives. 

(4) Description of Duties.

In accordance with 5 U.S.C. App. 2 § 9(b) of the FACA, the duties of the TAC shall be 

solely advisory. The TAC may, by simple majority vote, call for reports and/or 

recommendations by the TAC or TAC subcommittee(s), adopt reports and/or 

recommendations, and transmit reports and/or recommendations to the Commission. 

TAC reports and/or recommendations shall be developed in consultation with all 

members of the TAC and any transmission to the Commission shall include dissenting or 

minority views, if any. TAC subcommittee reports and/or recommendations shall be 

deliberated on by the TAC before transmission to the Commission. No determination of 

fact or policy shall be made by the TAC on behalf of the Commission. Determinations of 

actions to be taken and policy to be expressed with respect to the reports and/or 

recommendations of the TAC shall be made solely by the Commission. 

(5) Agency or Official to Whom the Committee Reports.

The TAC shall submit its reports and recommendations to the Commission. The TAC 

will also have a “Sponsor,” who may be the Chairman of the Commission, a 

Commissioner, or a designee of the Commission, and who will be responsible for 

ensuring that the advice and recommendations of the TAC are provided to the 

Commission. 
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(6) Support.

The Commission shall provide necessary support services for the TAC.

(7) Estimated Annual Operating Costs and Staff Years. 

The estimated annual operating costs for supporting the TAC are approximately 

$197,610. This cost estimate includes costs associated with meeting expenses as well as 

the cost of .60 of one full-time Commission employee needed to support the TAC on a 

continuing basis. TAC members will not be compensated by the Commission for their 

services and will not be reimbursed or receive per diem from the Commission for travelrelated expenses to attend TAC meetings. 

(8) Designated Federal Officer.

The Commission shall appoint a full- or permanent part-time Commission employee to 

serve as the Designated Federal Officer (“DFO”) of the TAC and any established TAC 

subcommittees. The Commission may appoint additional full-time or permanent parttime Commission employees to serve as alternate DFOs (“ADFOs”) for the TAC and/or 

any established subcommittees. The DFO or ADFO shall prepare and approve all 

meeting agendas; approve or call all TAC or subcommittee meetings; attend all TAC and 

subcommittee meetings; adjourn any meeting when the DFO or ADFO determines 

adjournment to be in the public interest; chair meetings when directed to do so by the 

Sponsor; and assist in the preparation and certification of meeting minutes. 

(9) Estimated Number and Frequency of Meetings.

The TAC shall meet at such intervals as are necessary to carry out its functions. It is 

estimated that meetings of the TAC will occur at least annually; meetings of 

subcommittees of the full TAC may occur as frequently as needed. 

(10) Duration.

The TAC will continue until two years from the date of renewal, unless the Commission 

directs that the TAC terminate on an earlier date. 

(11) Termination.

The TAC shall terminate two years from the date of renewal, unless the charter is 

renewed prior to its expiration in accordance with Section 14(a)(2)(A) of the FACA. 

(12) Membership and Designation.

Members shall be appointed and removed by vote of the Commission. Members may be 

appointed or removed at any time. The Sponsor shall designate a member of the TAC or 

TAC subcommittee to serve as the Chair absent the objection of a majority of the 

Commission. The Sponsor may also designate another committee or subcommittee 

member to serve as a co-Chair absent the objection of the majority of the Commission. 

Each member who is not a regular government employee shall serve on the TAC either as 

a special government employee (“SGE”) or as the representative of an organization or 

identifiable group of persons with interests affected by the work of the TAC. SGE 

members provide advice to the Commission on the basis of their expertise and best, 
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independent judgment in a manner free from conflicts of interest. The Commission shall 

not appoint any federally registered lobbyist to serve as an SGE on the TAC. 

Representative members serve on the TAC primarily to convey to the Commission and to 

the TAC the views and interests of the organizations and/or groups that they represent. 

The Commission may appoint individuals to serve as representative members. 

In addition, the Commission may authorize an organization that is affected by the work 

of the TAC, or whose members are affected by the work of the TAC, to serve as a 

member and designate an individual (with final approval by the Sponsor) to represent the 

organization and, where relevant, the organization's members. The member organization 

may also designate alternates with Sponsor approval. 

Members will represent a wide range of perspectives and interests, and may include the 

viewpoint categories listed below. The members will be selected to represent a balance 

of viewpoints that are necessary to effectively address the issues to be considered by the 

TAC. Though the viewpoint categories and precise number of members in any category 

may vary over time, the Commission anticipates that the TAC will have no more than 40 

members who may represent the following viewpoint categories: (i) Market Participants 

in the derivatives and commodities markets; (ii) Financial Technology Providers; (iii) 

Market Infrastructure Firms, like exchanges and clearinghouses; (iv) Other segments of 

the derivatives and commodities industries; (v) Regulatory Organizations, which may 

include Self-Regulatory Organizations; (vi) Academia; and (vii) Think Tanks and Public 

Interest Groups. 

(13) Subcommittees. 

The Commission may establish and dissolve TAC subcommittees. The number of 

members on any TAC subcommittee will not exceed the number of members serving on 

the TAC. Current TAC members may, with the Sponsor’s approval, serve on any TAC 

subcommittee without Commission reappointment to a subcommittee. Other 

subcommittee members shall be appointed in the same manner as TAC members. 

Subcommittee members shall be removed in the same manner as TAC members. Any 

subcommittees shall report to the TAC and may not provide reports and/or 

recommendations directly to the Commission or to any Commission officer or employee. 

A TAC subcommittee may, by simple majority vote, adopt its reports and/or 

recommendations, and transmit reports and/or recommendations to the TAC. TAC 

subcommittee reports and/or recommendations shall be developed in consultation with all 

members of the TAC subcommittee and any transmission to the TAC shall include 

dissenting or minority views, if any. TAC subcommittees shall have no authority to 

make decisions on behalf of the TAC. No determination of fact or policy shall be made 

by any TAC subcommittee on behalf of the Commission. 

(14) Recordkeeping.

Records of the TAC and any subcommittee are maintained in accordance with the 

General Records Schedule and other Commission records guidance. Records of open 

TAC meetings will be made available to the public on the Commission’s website. 
(15) Filing Date. 

This charter has been filed with the Commission, the Senate Committee on Agriculture, 

Nutrition and Forestry, the House of Representatives Committee on Agriculture, 

Committee Management Secretariat of the U.S. General Services Administration, and the 

Library of Congress on September 12, 2022. 

Dated: September 12, 2022 

Washington, D.C. 

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~k.~-

Christopher J. Kirkpatrick 

Secretary of the Commission