94-26751. Financial Products Advisory Committee  

  • [Federal Register Volume 59, Number 208 (Friday, October 28, 1994)]
    [Unknown Section]
    [Page ]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 94-26751]
    
    
    [Federal Register: October 28, 1994]
    
    
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    COMMODITY FUTURES TRADING COMMISSION
    
    
    Financial Products Advisory Committee
    
    November 17, 1994.
        This is to give notice, pursuant to section 10(a) of the Federal 
    Advisory Committee Act, 5 U.S.C. App. 2 section 10(a) and 41 CFR 101-
    6.1015(b), that the Commodity Futures Trading Commission's Financial 
    Products Advisory Committee will conduct a public meeting in the Lower 
    Level Hearing Room (B-1) at the Commission's Washington, D.C. 
    headquarters located at 2033 K Street, N.W., Washington, D.C. 20581, on 
    November 17, 1994, beginning at 1:30 p.m. and lasting until 5 p.m. The 
    agenda will consist of:
    
    Agenda
    
        1. A briefing by the CFTC staff on the status of the CFTC's 
    proposed risk assessment rules, followed by discussion/comments on 
    the CFTC's proposed rules by FPAC members.
        2. A briefing by the CME on its new trading procedures for 
    strips of Eurodollar futures contracts and proposals to tighten EFP 
    rules on Eurodollars.
        3. A briefing by the SEC on its recently released report 
    regarding mutual fund use of OTC derivatives, including possible 
    revisions to restrictions on leveraged transactions; the staff will 
    also provide an update on the status of the SEC's proposed rules on 
    third party custodial accounts.
        4. A panel discussion of customer protection issues in OTC 
    derivative markets, including the perceived need for a 
    ``suitability'' standard to apply to OTC derivative transactions. 
    The panel will include perspectives from the end-user community; the 
    OCC and its experience in applying its ``appropriateness'' standard; 
    as well as views from Congressional staff about the possibility of 
    suitability legislation.
        5. A briefing by CFTC staff regarding the Commission's proposed 
    rules to grant exemptive relief from certain requirements of the CEA 
    under Section 4(c) for professional trading markets.
        6. Wrap-up, discussion of other committee business and future 
    agenda items.
    
        The purpose of this meeting is to solicit the views of the 
    Committee on these agenda matters. The Advisory Committee was created 
    by the Commodity Futures Trading Commission for the purpose of advising 
    the Commission on the assessment of issues concerning individuals and 
    industries interested in or affected by financial markets regulated by 
    the Commission. The purposes and objectives of the Advisory Committee 
    are more fully set forth in the April 23, 1993 Charter of the Advisory 
    Committee.
        The meeting is open to the public. The Chairman of the Advisory 
    Committee, CFTC Commissioner Sheila C. Bair, is empowered to conduct 
    the meeting in a fashion that will, in her judgment, facilitate the 
    orderly conduct of business. Any member of the public who wishes to 
    file a written statement with the Advisory Committee should mail a copy 
    of the statement to the attention of: the Commodity Futures Trading 
    Commission Financial Products Advisory Committee, c/o Kristyn H. 
    Burnett, 2033 K Street, N.W., Washington, D.C. 20581, before the 
    meeting. Members of the public who wish to make oral statements should 
    also inform Ms. Burnett in writing at the foregoing address at least 
    three business days before the meeting. Reasonable provision will be 
    made, if time permits, for an oral presentation of no more than five 
    minutes each in duration.
    
        Issued by the Commission in Washington, D.C., on October 24, 
    1994.
    Jean A. Webb,
    Secretary of the Commission.
    [FR Doc. 94-26751 Filed 10-27-94; 8:45 am]
    BILLING CODE 6351-01-M
    
    
    

Document Information

Published:
10/28/1994
Department:
Commodity Futures Trading Commission
Entry Type:
Uncategorized Document
Document Number:
94-26751
Pages:
0-0 (None pages)
Docket Numbers:
Federal Register: October 28, 1994