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CFTC RIN: 3038-AC61 Publication ID: Spring 2009 
Title: Retail Off-Exchange Forex Transaction Rules 
Abstract: The Food, Conservation and Energy Act of 2008 (the "Farm Bill") was enacted June 18, 2008. Within the Farm Bill are several amendments to the Commodity Exchange Act concerning off-exchange retail foreign currency ("forex") transactions. Among other things, the legislation creates a new category of Commission registrant known as a "retail foreign exchange dealer" ("RFED"), provides financial requirements for futures commission merchants and RFEDs who act as counterparties in retail forex transactions, and limits the intermediation of such transactions to registered commodity pool operators, commodity trading advisors and introducing brokers. A proposed rulemaking will provide for the new category of registrant and for regulations concerning registration, maintenance of books and records, anti-fraud, risk-disclosure, supervisory and financial requirements. The proposed rules will also conform those sections of existing regulations that apply to registrants but do not currently include the new category of registrant. 
Agency: Commodity Futures Trading Commission(CFTC)  Priority: Other Significant 
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 110-246, sec 13101   
Legal Deadline:
Action Source Description Date
NPRM  Statutory  At such time as the Commission shall determine, pursuant to the Food, Conservation and Energy Act of 2008, PL 110-246, sec 13101   nulldate 
Timetable:
Action Date FR Cite
NPRM  04/00/2009    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
William Penner
Deputy Director, Division of Clearing and Intermediary Oversight
Commodity Futures Trading Commission
1155 21st Street NW.,
Washington, DC 20581
Phone:202 418-5407
Email: wpenner@cftc.gov