[Federal Register Volume 75, Number 165 (Thursday, August 26, 2010)]
[Notices]
[Pages 52512-52513]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-21269]


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COMMODITY FUTURES TRADING COMMISSION


Acceptance of Public Submissions on the Wall Street Reform and 
Consumer Protection Act and the Rulemakings That Will Be Proposed by 
the Commission

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice; Acceptance of public submissions.

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SUMMARY: The Dodd-Frank Wall Street Reform and Consumer Protection Act 
(``Dodd-Frank Act'') was enacted on July 21, 2010. The Dodd-Frank Act, 
among other things, will bring comprehensive regulation to the over-
the-counter (``OTC'') derivatives marketplace for the first time. The 
Commodity Futures Trading Commission (``CFTC'' or ``Commission'') will 
be implementing the Dodd-Frank Act by adopting rules to regulate the 
OTC derivatives market. The Commission welcomes the views of interested 
parties on the Dodd-Frank Act and the rulemakings that it will 
implement thereunder. The views of interested parties may be considered 
in the pre-proposal process but will not be treated as official 
comments on specific proposed rulemakings. As discussed in this notice, 
the Commission has made electronic mailboxes available for any 
submissions interested parties wish to make. Interested parties are 
advised that all submissions will be published on the Commission's Web 
site without review and without removal of the submitter's identifying 
information.

DATES: The Commission will accept submissions on each rulemaking topic 
until it publishes a proposed rulemaking for that topic in the Federal 
Register. Thereafter, the Commission will accept official comments on 
the proposed rulemaking until the close of the rulemaking's official 
comment period.

ADDRESSES: Submissions should be made to David Stawick, Secretary, 
Commodity Futures Trading Commission, by electronic mail to the 
electronic mailboxes specified herein. All submissions should be in 
English, or if not, accompanied by an English translation. Reference 
should be made in the subject line of the electronic mail to the 
rulemaking category on which views are being submitted, which is 
provided with their associated mailboxes.

FOR FURTHER INFORMATION CONTACT: Beverly E. Loew, Office of the General 
Counsel, Commodity Futures Trading Commission, Three Lafayette Centre, 
1155 21st Street, NW., Washington, DC 20581. Telephone: (202) 418-5648.

SUPPLEMENTARY INFORMATION: 
    On July 21, 2010, The Dodd-Frank Wall Street Reform and Consumer 
Protection Act (``Dodd-Frank Act''), Public Law 111-203, was enacted. 
The Dodd-Frank Act will bring comprehensive regulation to the OTC 
market. The Dodd-Frank Act authorizes the Commission to, among other 
things:
    <bullet> Regulate OTC derivatives dealers by subjecting them to 
capital and margin requirements to lower risk in the financial system, 
by requiring them to meet robust business conduct standards to lower 
risk and promote market integrity, and by requiring them to meet 
recordkeeping and reporting requirements so that regulators can police 
the markets.
    <bullet> Increase transparency in the derivatives marketplace by 
requiring standardized derivatives to be traded on regulated exchanges 
or swap execution facilities, instead of trading out of sight of the 
public.
    <bullet> Lower risk by moving standardized derivatives into central 
clearinghouses.
    The Commission has identified 30 areas in the Dodd-Frank Act in 
which rulemaking will be necessary and has received inquiries from 
interested persons wishing to submit their views on those areas. The 
Commission welcomes the views of all interested parties.
    The Commission has established electronic mailboxes for 29 of the 
30 rulemaking areas to facilitate the acceptance of submissions from 
interested parties. In addition, the Commission has established a 
mailbox for general comments on the Commission's rulemakings under the 
Dodd-Frank Act that either do not fit into one of the issue areas or 
that cover more than one area. The Commission is no longer accepting 
public submissions in the Retail Off-Exchange Foreign Currency area 
because the official public comment period for that proposed rulemaking 
closed on March 22, 2010. Prior to the publication of proposed 
rulemakings and commencement of official comment periods on regulations 
proposed under the Dodd-Frank Act, persons interested in making their 
views known on a particular rulemaking area may submit them by 
electronic mail to the mailbox associated with the area. The 30 
rulemaking areas identified by the Commission are available on the 
Commission's Web site at http://www.cftc.gov/LawRegulation/OTCDerivatives/otc_rules.html. The electronic mail addresses for each 
rulemaking area are available by clicking on the hyperlink available 
for each area and additionally are provided herein:
    <bullet> Comprehensive Regulation of Swap Dealers & Major Swap 
Participants

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Registration................................  <a href="/cdn-cgi/l/email-protection#501f0413023537392324223124393f3e10131604137e373f26"><span class="__cf_email__" data-cfemail="9ed1caddccfbf9f7edeaecffeaf7f1f0deddd8caddb0f9f1e8">[email protected]</span></a>
Definitions, such as Swap Dealer, Major Swap  <a href="/cdn-cgi/l/email-protection#de918a9d9abbb8b7b0b7aab7b1b0ad9e9d988a9df0b9b1a8"><span class="__cf_email__" data-cfemail="337c67707756555a5d5a475a5c5d4073707567701d545c45">[email protected]</span></a>
 Participant, Security-Based Swap Dealer,
 and Major Security-Based Swap Participant,
 to be Written Jointly with SEC.
Business Conduct Standards with               <a href="/cdn-cgi/l/email-protection#3a784f497955545e4f594e694e5b545e5b485e49796a7a797c6e79145d554c"><span class="__cf_email__" data-cfemail="5b192e281834353f2e382f082f3a353f3a293f28180b1b181d0f18753c342d">[email protected]</span></a>
 Counterparties.
Internal Business Conduct Standards.........  <a href="/cdn-cgi/l/email-protection#084a7d7b4b67666c7d6b7c5b7c69666c697a6c7b41667c6d7a666964484b4e5c4b266f677e"><span class="__cf_email__" data-cfemail="25675056664a4b415046517651444b41445741566c4b5140574b444965666371660b424a53">[email protected]</span></a>
Capital & Margin for Non-banks..............  <a href="/cdn-cgi/l/email-protection#edae8c9da08c9f8a8483adaeabb9aec38a829b"><span class="__cf_email__" data-cfemail="f8bb9988b5998a9f9196b8bbbeacbbd69f978e">[email protected]</span></a>
Segregation & Bankruptcy for both Cleared     <a href="/cdn-cgi/l/email-protection#f8ab9d9fba9996938a8d888c9b81b8bbbeacbbd69f978e"><span class="__cf_email__" data-cfemail="4112242603202f2a33343135223801020715026f262e37">[email protected]</span></a>
 and Uncleared Swaps.
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    <bullet> Clearing

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DCO Core Principle Rulemaking,                <a href="/cdn-cgi/l/email-protection#1c585f534e6970796f5c5f5a485f327b736a"><span class="__cf_email__" data-cfemail="7b3f3834290e171e083b383d2f38551c140d">[email protected]</span></a>
 Interpretation & Guidance.
Process for Review of Swaps for Mandatory     <a href="/cdn-cgi/l/email-protection#3b684c5a4b695e4d525e4c7b787d6f78155c544d"><span class="__cf_email__" data-cfemail="b5e6c2d4c5e7d0c3dcd0c2f5f6f3e1f69bd2dac3">[email protected]</span></a>
 Clearing.
Governance & Possible Limits on Ownership &   <a href="/cdn-cgi/l/email-protection#5612151911392033243837383533161510021578313920"><span class="__cf_email__" data-cfemail="befafdf1f9d1c8dbccd0dfd0dddbfefdf8eafd90d9d1c8">[email protected]</span></a>
 Control.

[[Page 52513]]

 
Systemically Important DCO Rules Authorized   <a href="/cdn-cgi/l/email-protection#a9fad0daddccc4c0caedeae6e9eaeffdea87cec6df"><span class="__cf_email__" data-cfemail="3c6f454f485951555f787f737c7f7a687f125b534a">[email protected]</span></a>
 Under Title VIII.
End-user Exception..........................  <a href="/cdn-cgi/l/email-protection#a8edc6ccfddbcddae8ebeefceb86cfc7de"><span class="__cf_email__" data-cfemail="3673585263455344767570627518515940">[email protected]</span></a>
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    <bullet> Trading

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DCM Core Principle Rulemaking,                <a href="/cdn-cgi/l/email-protection#1357505e41667f766053505547503d747c65"><span class="__cf_email__" data-cfemail="286c6b657a5d444d5b686b6e7c6b064f475e">[email protected]</span></a>
 Interpretation & Guidance.
SEF Registration Requirements and Core        <a href="/cdn-cgi/l/email-protection#92c1d7d4c0e7fef7e1d2d1d4c6d1bcf5fde4"><span class="__cf_email__" data-cfemail="d487919286a1b8b1a79497928097fab3bba2">[email protected]</span></a>
 Principle Rulemaking, Interpretation &
 Guidance.
New Registration Requirements for Foreign     <a href="/cdn-cgi/l/email-protection#1553575a414770727c66616774617c7a7b55565341563b727a63"><span class="__cf_email__" data-cfemail="df999d908b8dbab8b6acabadbeabb6b0b19f9c998b9cf1b8b0a9">[email protected]</span></a>
 Boards of Trade.
Rule Certification & Approval Procedures      <a href="/cdn-cgi/l/email-protection#f6a4839a93b78686849980979ab6b5b0a2b5d8919980"><span class="__cf_email__" data-cfemail="a6f4d3cac3e7d6d6d4c9d0c7cae6e5e0f2e588c1c9d0">[email protected]</span></a>
 (applicable to DCMs, DCOs, SEFs).
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    <bullet> Data

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Swap Data Repositories Registration           <a href="/cdn-cgi/l/email-protection#184b6f79685c796c794a7d68776b716c776a717d6b585b5e4c5b367f776e"><span class="__cf_email__" data-cfemail="7427031504301500152611041b071d001b061d110734373220375a131b02">[email protected]</span></a>
 Standards and Core Principle Rulemaking,
 Interpretation & Guidance.
Data Recordkeeping & Reporting Requirements.  <a href="/cdn-cgi/l/email-protection#6a380f0905180e010f0f1a03040d2a292c3e29440d051c"><span class="__cf_email__" data-cfemail="a1f3c4c2ced3c5cac4c4d1c8cfc6e1e2e7f5e28fc6ced7">[email protected]</span></a>
Real Time Reporting.........................  <a href="/cdn-cgi/l/email-protection#ffad9a9e93ab96929aad9a8f908d8b969198bfbcb9abbcd1989089"><span class="__cf_email__" data-cfemail="4416212528102d29211621342b36302d2a2304070210076a232b32">[email protected]</span></a>
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    <bullet> Particular Products

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Agricultural Swaps..........................  <a href="/cdn-cgi/l/email-protection#cc8dab9fbbadbcbf8c8f8a988fe2aba3ba"><span class="__cf_email__" data-cfemail="6d2c0a3e1a0c1d1e2d2e2b392e430a021b">[email protected]</span></a>
Foreign Currency (Retail Off-Exchange)......  Comment period closed on March 22, 2010.
Joint Rules with SEC, such as ``Swap'' and    <a href="/cdn-cgi/l/email-protection#145e7b7d7a6047515754575240573a737b62"><span class="__cf_email__" data-cfemail="19537670776d4a5c5a595a5f4d5a377e766f">[email protected]</span></a>
 ``Security-Based Swap''.
Portfolio Margining Procedures..............  <a href="/cdn-cgi/l/email-protection#de8eb1acaab8b1b2b7b193bfacb9b7b0b7b0b99e9d988a9df0b9b1a8"><span class="__cf_email__" data-cfemail="13437c6167757c7f7a7c5e7261747a7d7a7d7453505547503d747c65">[email protected]</span></a>
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    <bullet> Enforcement

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Anti-Manipulation...........................  <a href="/cdn-cgi/l/email-protection#baf5eef9f7dbd4d3cacfd6dbced3d5d4faf9fceef994ddd5cc"><span class="__cf_email__" data-cfemail="632c37202e020d0a13160f02170a0c0d23202537204d040c15">[email protected]</span></a>
Disruptive Trading Practices................  <a href="/cdn-cgi/l/email-protection#682c011b1a1d181c011e0d3c1a090c01060f282b2e3c2b460f071e"><span class="__cf_email__" data-cfemail="c286abb1b0b7b2b6abb4a796b0a3a6abaca58281849681eca5adb4">[email protected]</span></a>
Whistleblowers..............................  <a href="/cdn-cgi/l/email-protection#04536c6d7770686166686b7361767744474250472a636b72"><span class="__cf_email__" data-cfemail="a7f0cfced4d3cbc2c5cbc8d0c2d5d4e7e4e1f3e489c0c8d1">[email protected]</span></a>
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    <bullet> Position Limits

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Position Limits, including Large Trader       <a href="/cdn-cgi/l/email-protection#5f0f302c133632362b2c1f1c190b1c71383029"><span class="__cf_email__" data-cfemail="b9e9d6caf5d0d4d0cdcaf9faffedfa97ded6cf">[email protected]</span></a>
 Reporting, Bona Fide Hedging Definition &
 Aggregate Limits.
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    <bullet> Other Titles and General Comments

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Investment Adviser Reporting................  <a href="/cdn-cgi/l/email-protection#89c0e7ffecfafdc8edffe0faecfbc9cacfddcaa7eee6ff"><span class="__cf_email__" data-cfemail="b7fed9c1d2c4c3f6d3c1dec4d2c5f7f4f1e3f499d0d8c1">[email protected]</span></a>
Volcker Rule................................  <a href="/cdn-cgi/l/email-protection#13457c7f7078766141667f7653505547503d747c65"><span class="__cf_email__" data-cfemail="05536a69666e60775770696045464351462b626a73">[email protected]</span></a>
Reliance on Credit Ratings..................  <a href="/cdn-cgi/l/email-protection#80c3f2e5e4e9f4d2e1f4e9eee7f3c0c3c6d4c3aee7eff6"><span class="__cf_email__" data-cfemail="34774651505d406655405d5a534774777260771a535b42">[email protected]</span></a>
Fair Credit Reporting Act and Disclosure of   <a href="/cdn-cgi/l/email-protection#3d7b7e6f7c7d7e7b697e135a524b"><span class="__cf_email__" data-cfemail="b8fefbeaf9f8fbfeecfb96dfd7ce">[email protected]</span></a>
 Nonpublic Personal Information.
Submissions on the Dodd-Frank Act             <a href="/cdn-cgi/l/email-protection#492d2f283b3c252c24282220272e3a092a2f3d2a672e263f"><span class="__cf_email__" data-cfemail="492d2f283b3c252c24282220272e3a092a2f3d2a672e263f">[email protected]</span></a>
 Rulemakings Not Falling into.
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    Interested parties are hereby advised that the views they submit in 
the pre-proposal process to the Commission will not be treated as 
official comments on any of the proposed rulemakings. Interested 
parties who wish to submit official comments on a rulemaking should 
submit them during the comment period commencing with the notice of 
proposed rulemaking published by the Commission in the Federal 
Register.
    Interested parties also should be advised that all submissions 
provided in any electronic form or on paper will be published on the 
Commission's Web site. The submissions will not be subject to pre-
publication review, and personally identifying information will not be 
removed. Interested parties therefore should not submit any information 
to the Commission that they do not wish to be made public. All 
submissions are subject to the CFTC Privacy Policy, which is available 
at http://www.cftc.gov/WebPolicy/index.htm#Privacy.

    Issued in Washington, DC, on August 20, 2010, by the Commission.
David Stawick,
Secretary of the Commission.
[FR Doc. 2010-21269 Filed 8-25-10; 8:45 am]
BILLING CODE 6351-01-P


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