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CFTC RIN: 3038-AE75 Publication ID: Fall 2019 
Title: Amendments to Regulations Governing Futures Commission Merchants, Introducing Brokers and Retail Foreign Exchange Dealers 

The Commodity Futures Trading Commission ("Commission") is proposing several amendments to existing regulations for futures commission merchants ("FCMs”), introducing brokers ("IBs”), and retail foreign exchange dealers ("RFEDs”).  The proposed amendments would revise the required scope of a certified public accountant’s audit of an FCM to include certain schedules of segregated funds for customers trading cleared swap transactions. The proposed amendments also would address the process by which a customer may use a single wire transfer to margin positions in futures, foreign futures, and cleared swap accounts with an FCM.  The proposal also would revise the process by which FCMs, IBs, and RFEDs give notice to the Commission of bulk transfers of customer accounts. The Commission is also proposing to amend its regulations that require FCM depositories to provide the Commission direct, read-only access to customer account information, to reduce FCM notification requirements applicable to Securities and Exchange Commission actions, and to amend certain record maintenance regulations to bring these regulations up to date with current practice and technology.

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: No  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 7 U.S.C. 1a, 2, 5, 6, 6a, 6b, 6c, 6d, 6e, 6f, 6g, 6h, 6i, 6k, 6l, 12a, and 19    7 U.S.C. 2    7 U.S.C. 5    7 U.S.C. 6    7 U.S.C. 6a to 6i    7 U.S.C. 6k and 6l    7 U.S.C. 12a and 19   
Legal Deadline:  None
Action Date FR Cite
NPRM  03/00/2020 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Thomas J. Smith
Deputy Director, Division of Swap Dealer and Intermediary Oversight
Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21st Street NW,
Washington, DC 20581
Phone:202 418-5495

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

Lawrence T. Eckert
Special Counsel, Division of Swap Intermediary Oversight
Commodity Futures Trading Commission
140 Broadway,
New York, NY 10005
Phone:646 746-9704