The Commodity Futures Trading Commission has approved for publication in the Federal Register a proposal to amend requirements for minimum adjusted net capital for futures commission me
The Commodity Futures Trading Commission has approved for publication in the Federal Register a proposal to amend requirements for minimum adjusted net capital for futures commission merchants and those introducing brokers that do not operate under a guarantee agreement with an FCM.
The proposal addresses amendments that would require capital computations for cleared over-the-counter positions carried in customer, non-customer, and proprietary accounts of the FCM, similar to the computations currently required for exchange-traded futures in such accounts.
The proposal also includes amendments to increase the margin-based capital requirements and minimum dollar amount capital requirements presently in the regulation.
The CFTC also seeks comment on possible future proposals to revise the minimum capital requirements of FCMs that are also registered as securities broker-dealers with the Securities and Exchange Commission.
The CFTC seeks public comment on all matters addressed in the Proposal. Comments must be received by 6 July 2009.