[Federal Register Volume 74, Number 98 (Friday, May 22, 2009)]
[Proposed Rules]
[Pages 23964-23965]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-12000]


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COMMODITY FUTURES TRADING COMMISSION

17 CFR Part 150

RIN 3038-AC40


Concept Release on Whether To Eliminate the Bona Fide Hedge 
Exemption for Certain Swap Dealers and Create a New Limited Risk 
Management Exemption From Speculative Position Limits

AGENCY: Commodity Futures Trading Commission.

ACTION: Extension of comment period.

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SUMMARY: On March 24, 2009, the Commodity Futures Trading Commission 
(``Commission'') published a concept release on whether to eliminate 
the bona fide hedge exemption for certain swap dealers and create a new 
limited risk management exemption from speculative position limits. 
Comments on the proposal were originally due by May 26, 2009. Now, at 
the request of interested parties, the Commission is extending the 
comment period to June 16, 2009.

DATES: Comments must be received by June 16, 2009.

ADDRESSES: Written comments should be sent to David Stawick, Secretary, 
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street, NW., Washington, DC 20581. Comments may also be sent by 
facsimile to (202) 418-5521, submitted via e-mail to 
<a href="/cdn-cgi/l/email-protection#4f3c2a2c3d2a3b2e3d360f2c293b2c61282039"><span class="__cf_email__" data-cfemail="ccbfa9afbea9b8adbeb58cafaab8afe2aba3ba">[email protected]</span></a>. The words, ``Concept Release, Swap Dealers'' should 
appear in the subject field of responses submitted via e-mail, and 
should be clearly indicated in written submissions. Comments may also 
be submitted by connecting to the Federal eRulemaking Portal at: http://www.regulations.gov and following comment submission instructions.

FOR FURTHER INFORMATION CONTACT: Donald H. Heitman, Senior Special 
Counsel, Division of Market Oversight, Commodity Futures Trading 
Commission, Three Lafayette Centre, 1155 21st Street, NW., Washington, 
DC 20581, telephone (202) 418-5041, e-mail <a href="/cdn-cgi/l/email-protection#debab6bbb7aab3bfb09ebdb8aabdf0b9b1a8"><span class="__cf_email__" data-cfemail="a5c1cdc0ccd1c8c4cbe5c6c3d1c68bc2cad3">[email protected]</span></a>.

SUPPLEMENTARY INFORMATION: On March 24, 2009, the Commission published 
and sought public comment regarding a concept release on whether to 
eliminate the bona fide hedge exemption for certain swap dealers and 
create a new limited risk management exemption from speculative 
position limits.
    By letters dated May 12, 2009, the Futures Industry Association and 
the CME Group, Inc., respectively, requested that the original comment 
period be extended to June 16, 2009. Recognizing the significance of 
the issues raised in the Concept Release, and to encourage the 
submission of meaningful comments, the Commission has decided to grant 
the requests. The comment period for the Commission's Concept Release 
on Whether to Eliminate the Bona Fide Hedge Exemption for Certain Swap 
Dealers and Create a New Limited Risk Management Exemption from 
Speculative Position Limits is hereby extended to June 16, 2009.


[[Page 23965]]


    Issued in Washington, DC, on May 18, 2009, by the Commission.
David A. Stawick,
Secretary of the Commission.
[FR Doc. E9-12000 Filed 5-21-09; 8:45 am]
BILLING CODE P


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