Source: https://www.federalregister.gov/documents/2013/02/08/2013-02811/revision-of-regulations-defining-bona-fide-cotton-spot-markets
Timestamp: 2017-05-28 22:35:32
Document Index: 197753295

Matched Legal Cases: ['§\u200927', '§\u200927', 'art2', '§\u200927', '§\u200927', 'art3', '§\u200927', '§\u200927']

:: Revision of Regulations Defining Bona Fide Cotton Spot Markets
A Proposed Rule by the Agricultural Marketing Service on 02/08/2013
9330-9331
https://www.federalregister.gov/d/2013-02811
Start Printed Page 9330
The Food, Conservation, and Energy Act of 2008 (Pub. L. 110-234, 122 Stat. 923, enacted May 22, 2008, H.R. 2419) amended Section 17(f) of the Cotton Research and Promotion Act (7 U.S.C. 2116(f)), designating Kansas, Virginia, and Florida as cotton producing states for purposes of the Cotton Research and Promotion Act. To achieve consistency with the revised Cotton Research and Promotion Act and to allow for Start Printed Page 9331published spot quotes to consider spot prices of cotton marketed in the aforementioned states, § 27.93 would be amended to add all the counties of Virginia to the Southeastern spot market, and Kansas to the East Texas and Oklahoma spot market.
On September 14, 2006, New York Board of Trade—the parent company of the New York Cotton Exchange—agreed to become a unit of Intercontinental Exchange. This transaction was completed on January 12, 2007. To reflect this organizational change in the regulations, § 27.94 would amend references to the “New York Cotton Exchange” to read as the “Intercontinental Exchange.”
Start Amendment Part2. In § 27.93, definitions of the Southeastern market and the East Texas and Oklahoma market are revised to read as follows:End Amendment Part
§ 27.93 Bona fide spot markets.
Start Amendment Part3. In § 27.94, paragraph (a) is revised to read as follows:End Amendment Part
§ 27.94 Spot markets for contract settlement purposes.