Sign up for free newsletter

 

CFTC extends comment period on proposed Acceptable Practices for Exchange Governance and Conflicts of Interest

CFTC extends comment period on proposed Acceptable Practices for Exchange Governance and Conflicts of Interest

Mon, 07/08/2006 - 06:59

The CFTC has extended until 7 September the comment period on its proposed Acceptable Practices for Exchange Governance and Conflicts of Interest.

The notice of extension will be published shortly in the Federal Register.

The proposed Acceptable Practices offer designated contract markets (DCMs) a safe-harbor for compliance with Section 5(d)(15) of the Commodity Exchange Act, and its requirement that DCMs minimize conflicts of interest in their decision-making processes. The Acceptable Practices propose that DCMs minimize potential conflicts of interest by maintaining governing boards composed of at least fifty percent 'public' directors. They also address the composition of DCMs' disciplinary panels; propose board-level Regulatory Oversight Committees, consisting solely of public directors, to oversee DCMs' regulatory functions; and define 'public' for persons serving on DCMs' boards and disciplinary panels.

The extension granted today will give interested parties additional time to comment on this CFTC proposal.


Subscribe to free daily newsletter
more comment

UCITS V fine tunes investor protection

Thu, 19/Mar/2015 - 11:37

A contrarian case for Brazil

Wed, 11/Mar/2015 - 10:41

latestjobs
Senior Windows Systems Administrator

Mon, 30 Mar 2015 00:00:00 GMT

Big Data Infrastructure Engineer - Hadoop/Hive

Mon, 30 Mar 2015 00:00:00 GMT

M&A Associate IBD - Los Angeles

Mon, 30 Mar 2015 00:00:00 GMT

events
5 days 5 hours from now - New Jersey
1 week 2 days from now - Zurich
1 week 5 days from now - New York
1 week 5 days from now - San Francisco
specialreports