Cftc trade options
In addition, the offeror must be either:. This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part. This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].
It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site. The following are ALL rules, proposed rules, and notices chronologically published in the Federal Register relating to 17 CFR Part 32 after this date.
Reporting requirements for trade option counterparties that are not swap dealers or major swap participants; recordkeeping requirements for trade option counterparties that are not swap dealers or major swap participants; and certain non-substantive amendments.
The Commission is extending the comment period for the Trade Options Proposal in light of the Commission's recent interpretation concerning forward contracts with embedded volumetric optionality.
This correction clarifies the closing date for the reopened comment periods, which was inadvertently set to fall on a non-business day. The Commission's Energy and Environmental Markets Advisory Committee has scheduled a public meeting to be held on February 26, , which will consider, among other matters, exemptions for bona fide hedging positions. In conjunction with the meeting of the Commission's Energy and Environmental Markets Advisory Committee, the Commission will post an agenda and associated materials, if any, on the Commission's Web site; additionally, access to a video webcast of the meeting will be added to the Web site.
In addition, and in connection with the meeting, the Commission is providing counts of the unique persons over percentages of the 28 proposed position limit levels currently provided in Table 11 of the Position Limits Proposal based on counts from the period of January 1, , to December 31, period in a new table, Table 11a, based on counts from the period of January 1, , to December 31, To provide commenters with a sufficient period of time to respond to questions raised and points made at the Energy and Environmental Markets Committee meeting, as well as to provide an opportunity to comment on Table 11a, the Commission will reopen the comment periods for an additional 30 days.
Commodity Futures Trading Commission - Wikipedia
The Commission is providing notice that comments may be made on the issues addressed at the meeting or in the associated materials posted to the Commission's Web site, as they pertain to energy commodities. Furthermore, comments may be made on Table 11a, showing counts of the unique persons over percentages of the 28 proposed position limit levels based on counts from the period of January 1, , to December 31, On December 9, , the Commission's Agricultural Advisory Committee held a public meeting that considered, among other matters, deliverable supply and exemptions for bona fide hedging positions.
In conjunction with the meeting of the Commission's Agricultural Advisory Committee, the Commission posted questions and presentation materials on the Commission's Web site; additionally, access to a video webcast of the meeting has been added to the Web site. To provide commenters with a sufficient period of time to respond to questions raised and points made at the Agricultural Advisory Committee meeting, the Commission reopened the comment periods for an additional 45 days, from December 9, to January 22, The Commission is providing notice and clarification that, in addition to commenting on the agenda issues noted in the December 4, , Federal Register release providing notice of the re-opened comment period, comments may be made on the issues addressed at the meeting or in the associated materials posted to the Commission's Web site, as they pertain to agricultural commodities.
The Commission's Agricultural Advisory Committee has scheduled a public meeting to be held on December 9, , which will consider, among other matters, deliverable supply and exemptions for bona fide hedging positions. To provide commenters with a sufficient period of time to respond to questions raised and points made at the Agricultural Advisory Committee meeting, the Commission is reopening the comment periods for an additional 45 days.
Comments should be limited to the following issues as they pertain to agricultural commodities: Hedges of a physical commodity by a commercial enterprise; and the process for estimating deliverable supplies used in the setting of spot month limits. In addition, the Commission directed staff to hold a public roundtable on June 19, , to consider certain issues regarding position limits for physical commodity derivatives.
CFTC Approves Final Rule to Amend the Trade Option Exemption by Eliminating Certain Reporting and Recordkeeping Requirements for End-Users
In order to provide interested parties with an opportunity to comment on the issues to be discussed at the roundtable, the Commission published notice in the Federal Register on May 29, , that the comment periods for the Position Limits Proposal and the Aggregation Proposal were reopened, starting June 12, one week before the roundtable and ending July 3, two weeks following the roundtable.
To provide commenters with a sufficient period of time to respond to questions raised and points made at the roundtable, the Commission is now further extending the comment period.
Comments should be limited to the issues of hedges of a physical commodity by a commercial enterprise, including gross hedging, cross-commodity hedging, anticipatory hedging, and the process for obtaining a non-enumerated exemption; the setting of spot month limits in physical-delivery and cash-settled contracts and a conditional spot-month limit exemption; the setting of non-spot limits for wheat contracts; the aggregation exemption for certain ownership interests of greater than 50 percent in an owned entity; and aggregation based on substantially identical trading strategies.
The Commission has directed staff to hold a public roundtable on June 19, , to consider certain issues regarding position limits for physical commodity derivatives.
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In order to provide interested parties with an opportunity to comment on the issues to be discussed at the roundtable, the Commission will reopen the comment periods for the Position Limits Proposal and the Aggregation Proposal for a three-week period starting June 12, one week before the roundtable and ending July 3, two weeks following the roundtable. In connection with establishing these limits, the Commission proposes to update some relevant definitions; revise the exemptions from speculative position limits, including for bona fide hedging; and extend and update reporting requirements for persons claiming exemption from these limits.
The Commission proposes appendices that would provide guidance on risk management exemptions for commodity derivative contracts in excluded commodities permitted under the proposed definition of bona fide hedging position; list core referenced futures contracts and commodities that would be substantially the same as a commodity underlying a core referenced futures contract for purposes of the proposed definition of basis contract; describe and analyze fourteen fact patterns that would satisfy the proposed definition of bona fide hedging position; and present the proposed speculative position limit levels in tabular form.
For a transaction to be within the trade option exemption, the option, the offeror seller , and the offeree buyer , as applicable, must satisfy certain eligibility requirements, including that the option, if exercised, be physically settled, that the option seller meet certain eligibility requirements, and that the option buyer be a commercial user of the commodity underlying the option, and certain other regulatory conditions.
Only comments pertaining to the interim final rule will be considered in any further action related to these rules. Cornell Law School Search Cornell. About LII Who We Are What We Do Who Pays For This Contact Us Get the law Constitution Supreme Court U. Code CFR Federal Rules Federal Rules of Appellate Procedure Federal Rules of Civil Procedure Federal Rules of Criminal Procedure Federal Rules of Evidence Federal Rules of Bankruptcy Procedure U.
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The comment period for the Trade Options Proposal published on May 7, , at 80 FR , is extended until June 22, Notice of proposed rulemaking; provision of Table 11a; and reopening of comment periods; correction. The comment periods for the Aggregation Proposal published November 15, , at 78 FR , and for the Position Limits Proposal published December 12, , at 78 FR , which reopened on February 26, , will close on March 30, The comment periods for the Aggregation Proposal published November 15, , at 78 FR , and for the Position Limits Proposal published December 12, , at 78 FR , will reopen on February 26, , and will close on March 28, The comment periods for the Aggregation Proposal published November 15, , at 78 FR , and for the Position Limits Proposal published December 12, , at 78 FR , reopened on December 9, , and will close on January 22, The comment periods for the Aggregation Proposal published November 15, , at 78 FR , and for the Position Limits Proposal published December 12, , at 78 FR , will reopen on December 9, , and close on January 22, The comment periods for the Aggregation Proposal published November 15, , at 78 FR , and for the Position Limits Proposal published December 12, , at 78 FR , will close on August 4, The comment periods for the Aggregation Proposal published November 15, , at 78 FR , and for the Position Limits Proposal published December 12, , at 78 FR , will reopen on June 12, , and close on July 3, The effective date for this final rule and the interim final rule June 26,