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CFTC

RIN: 3038-AC73

Publication ID: Spring 2009

Title: ●Revisions To Adjusted Net Capital Requirements for Futures Commission Merchants and Introducing Brokers
Abstract: Commission staff members are considering proposed amendments to Commission regulations that require minimum levels of adjusted net capital for Futures Commission Merchants (FCMs) and Introducing Brokers (IBs). The proposals under consideration include: (1) Increasing the minimum dollar amounts required under Commission regulations from $250,000 to $1,000,000 (for FCMs) and $30,000 to $45,000 (for IBs), and (2) amending required margin-based calculations to reflect all customer and noncustomer over-the-counter contracts that are submitted for clearing by the FCM to U.S. or foreign clearing organizations
Agency: Commodity Futures Trading Commission(CFTC)	Priority: Substantive, Nonsignificant
RIN Status: First time published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 17CFR 1.17     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 7 USC 6f

Legal Deadline:  None

Timetable: Action Date FR Cite NPRM  04/00/2009

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: Mark Bretscher Special Counsel, Division of Swap Intermediary Oversight Commodity Futures Trading Commission 525 W. Monroe Street, Suite 1100, Chicago, IL 60661 Phone:312 596-0529 Email: mbretscher@cftc.gov