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CFTC | RIN: 3038-AC53 | Publication ID: Fall 2008 |
Title: Concept Release on the Appropriate Regulatory Treatment of Event Contracts | |
Abstract: The Commission is soliciting comment on the appropriate regulatory treatment of financial agreements commonly referred to as event contracts. Event contracts may be based on eventualities and measures that neither derive from nor correlate to market prices or broad economic or commercial measures. The Commissions staff has received a substantial number of requests for guidance on the propriety of trading various event contracts under the regulatory rubric of the Commodity Exchange Act. Given the substantive and practical concerns that may arise from applying federal regulation to event contracts and markets, the Commission believes that it is appropriate to solicit and consider the publics comments in advance of issuing any definitive guidance. | |
Agency: Commodity Futures Trading Commission(CFTC) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
CFR Citation: Not Yet Determined (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 7 USC 1 et seq, as amended by PL 106-554, app E |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Bruce Fekrat Senior Special Counsel, Division of Market Oversight Commodity Futures Trading Commission Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581 Phone:202 418-5578 Fax:202 418-5527 Email: bfekrat@cftc.gov |