Document ID: SEC-2011-0585-0001
Agency: sec
Document Type: Proposed Rule
Title: Swaps and Security-Based Swaps Under the Dodd-Frank Wall Street Reform and Consumer Protection Act: Joint Public Roundtable on Issues Related to the Schedule for Implementing Final Rules
Posted Date: 2011-04-26T04:00Z

[Federal Register: April 26, 2011 (Volume 76, Number 80)]
[Proposed Rules]               
[Page 23221-23222]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr26ap11-17]                         

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COMMODITY FUTURES TRADING COMMISSION

17 CFR Chapter I

SECURITIES AND EXCHANGE COMMISSION

17 CFR Chapter II

[Release No. 34-64314; File No. 4-625]

 
Joint Public Roundtable on Issues Related to the Schedule for 
Implementing Final Rules for Swaps and Security-Based Swaps Under the 
Dodd-Frank Wall Street Reform and Consumer Protection Act

AGENCIES: Commodity Futures Trading Commission (``CFTC'') and 
Securities and Exchange Commission (``SEC'') (each, an ``Agency,'' and 
collectively, the ``Agencies'').

ACTION: Notice of roundtable discussion; request for comment.

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SUMMARY: On Monday, May 2, 2011, and Tuesday, May 3, 2011, commencing 
each day at 9:30 a.m. and ending at 4 p.m., staff of the Agencies will 
hold a public roundtable meeting at which invited participants will 
discuss various issues related to the schedule for implementing final 
rules for swaps and security-based swaps under the Dodd-Frank Wall 
Street Reform and Consumer Protection Act (the ``Act''). The discussion 
will be open to the public with seating on a first-come, first-served 
basis. Members of the public may also listen to the meeting by 
telephone. Call-in participants should be prepared to provide their 
first name, last name and affiliation. The information for the 
conference call is set forth below.
     U.S. Toll-Free: (866) 844-9416.
     International Toll: information on international dialing 
can be found at the following link: http://www.cftc.gov/PressRoom/
PressReleases/internationalnumbers021811.html.
     Conference ID: 1212444.
    A transcript of the public roundtable discussion will be published 
at http://www.cftc.gov/PressRoom/Events/2011/index.htm. The roundtable 
discussion will take place each day in the Conference Center at the 
CFTC's headquarters, Three Lafayette Centre, 1155 21st Street, NW., 
Washington, DC.

FOR FURTHER INFORMATION CONTACT: The CFTC's Office of Public Affairs at 
(202) 418-5080 or the SEC's Office of Public Affairs at (202) 551-4120.

SUPPLEMENTARY INFORMATION: The roundtable discussion will take place on 
Monday, May 2, 2011, and Tuesday, May 3, 2011, commencing each day at 
9:30 a.m. and ending at 4 p.m. Members of the public who wish to 
comment on the topics addressed at the discussion, or on any other 
topics related to the schedule for implementing final rules for swaps 
and security-based swaps under the Act, may do so via:
     Paper submission to David Stawick, Secretary, Commodity 
Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, 
NW., Washington, DC 20581, or Elizabeth M. Murphy, Secretary, 
Securities and Exchange Commission, 100 F Street, NE., Washington, DC 
20549-1090; or
     Electronic submission via visiting http://
comments.cftc.gov/PublicComments/CommentForm.aspx?id=1000 and 
submitting comments through the CFTC's Web site; and/or by e-mail to 
rule-comments@sec.gov (all e-mails must reference the file number 4-625 
in the subject field) or through the comment form available at: http://
www.sec.gov/rules/other.shtml.
    All submissions will be reviewed jointly by the Agencies. All 
comments must be in English or be accompanied by an English 
translation. All submissions provided to either Agency in any 
electronic form or on paper will be published on the Web site of the 
respective Agency, without review and without removal of personally 
identifying information. Please submit only information that you wish 
to make publicly available.

    By the Commodity Futures Trading Commission.

    Dated: April 20, 2011.
David A. Stawick,
Secretary.

    By the Securities and Exchange Commission.

    Dated: April 20, 2011.
Elizabeth M. Murphy,
Secretary.

Concurring Statement of CFTC Commissioner Scott D. O'Malia; 
Implementation Roundtable Seriatim; Certainty & Transparency

    I concur in supporting the Commission's roundtable on the 
implementation process.

[[Page 23222]]

    Along with the Chairman, I believe that our entire rulemaking 
process should be as transparent as possible to the public. 
Consequently, after the Roundtable is complete, I strongly recommend 
that the Commission submit both a proposal on the order in which the 
Commission will consider final rulemakings and a proposed 
implementation plan to the Federal Register to allow the public to 
comment before we begin to consider final rules. Once we receive and 
review comments, a final rulemaking and implementation schedule should 
be published in the Federal Register. This level of transparency will 
give the market a clear picture of how the Commission intends to 
proceed, and how we can be held accountable as we undertake this 
massive regulatory overhaul. It will also provide the market with 
certainty market participants need to make the critical investment 
decisions necessary to be in compliance with the rules upon 
implementation. Finally, this type of transparency will help guide the 
Commission's decision regarding when to make critical investments in 
advanced technology that are necessary for us to effectively oversee 
the futures, options, and swaps markets.
    The more thoughtful, deliberate, and transparent our sequencing and 
implementation processes are, the more orderly this Commission's 
regulation of the swaps market will be.

[FR Doc. 2011-10158 Filed 4-25-11; 8:45 am]
BILLING CODE 8011-01-P; 6351-01-P