CFTC announces 27 June hearing on foreign boards of trade

The CFTC has announced a public hearing on the issue of what constitutes a 'board of trade, exchange, or market located outside the United States'.

The hearing relates to the use of that phrase is used in Section 4(a) of the Commodity Exchange Act (CEA). The hearing will begin at 10:00 a.m. on Tuesday, June 27, 2006, at the Commission's headquarters, 1155 21st Street, NW, Washington, DC Further details on testifying at the hearing will be available in a Federal Register Notice of Meeting to be published shortly.
 
This public hearing is intended to give the Commission an opportunity to hear the diverse views of various interested or potentially affected parties as it moves forward in the formal process of defining what constitutes a board of trade located outside the United States under Section 4(a) of the CEA. An agenda, including specific topics and issues to be discussed will be published and posted on the Commission's website (www.cftc.gov) as the hearing date approaches.
 
All individuals or organizations wishing to appear before the Commission must submit a request to appear. Such requests must be received by 12 June, 2006, and must include: the name of the individual appearing; the entity that he or she represents, if any; a concise statement of interest and qualifications; and a brief summary or abstract of his or her statement. Requests to appear and supporting materials should be mailed to the Commodity Futures Trading Commission, Three Lafayette Center, 1155 21st Street, N.W., Washington, DC 20581, attention Office of the Secretariat; transmitted by facsimile at 202-418-5521; or transmitted electronically to [secretary@cftc.gov]. Reference should be made to 'What Constitutes a Board of Trade Located Outside the United States.' For substantive questions on requests to appear and supporting materials, please contact David P Van Wagner, Chief Counsel, (202) 418-5481; or Duane Andresen, Special Counsel, (202) 418-5492, Division of Market Oversight.
 
The Commission will invite a representative number of individuals or organizations to appear at the hearing from those submitting requests to appear. A transcript of the hearing will be made and entered into the Commission's public comment files, which will remain open for the receipt of written comments until July 12, 2006.

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