[Federal Register Volume 59, Number 24 (Friday, February 4, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-2141]
[[Page Unknown]]
[Federal Register: February 4, 1994]
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COMMODITY FUTURES TRADING COMMISSION
17 CFR Part 3
Registration
AGENCY: Commodity Futures Trading Commission.
ACTION: Conforming amendments.
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SUMMARY: This document contains amendments to 17 CFR Part 3 to reflect
changes required by enactment of the Futures Trading Practices Act of
1992.
EFFECTIVE DATE: February 4, 1994.
FOR FURTHER INFORMATION CONTACT:
Barbara Webster Black, Office of General Counsel, Commodity Futures
Trading Commission, 2033 K Street NW., Washington, DC 20581. Telephone:
(202) 254-9880.
SUPPLEMENTARY INFORMATION:
Background
In light of the recent passage of the Futures Trading Practices Act
of 1992, 102 Cong., 2d Sess., Public Law 102-546 (Oct. 28, 1992), which
amended the Commodity Exchange Act, the Commission has determined that
17 CFR Part 3, Registration, should be amended to reflect the changes
in the Commodity Exchange Act resulting from the Futures Trading
Practices Act of 1992.
Need for Correction
As published, the regulations contain references to designations of
statutory provisions which have been changed and typographical errors
which are in need of clarification.
List of Subjects in 17 CFR Part 3
Commodity futures, Reporting and recordkeeping requirements.
PART 3--REGISTRATION
Accordingly, 17 CFR Part 3 is amended by making the following
conforming amendments:
1. The authority citation for part 3 is revised to read as follows:
Authority: 7 U.S.C. 1a, 2, 4, 4a, 6, 6b, 6c, 6d, 6e, 6f, 6g, 6h,
6i, 6k, 6m, 6n, 6o, 6p, 8, 9, 9a, 12, 12a, 13b, 13c, 16a, 18, 19,
21, 23; 5 U.S.C. 552, 552b.
Subpart B--[Amended]
2. The authority citation for Part 3, Subpart B--Temporary Licenses
is removed.
Subpart C--[Amended]
3. The authority citation for Part 3, Subpart C--Denial, Suspension
or Revocation of Registration is removed.
Subpart D--[Amended]
4. The authority citation for Part 3, Subpart D--Notice Under
Section 4k(5) of the Act is removed.
Subpart E--[Amended]
5. The authority citation for Part 3, Subpart E--Delegation and
Reservation of Authority is removed.
Sec. 3.75 [Amended]
6. In Sec. 3.75(d), the phrase ``section 6(b) of the Act.'' is
revised to read ``section 6(c) of the Act.''.
Appendix A to Part 3--[Amended]
7. The authority citation for Appendix A to Part 3--INTERPRETATIVE
STATEMENT WITH RESPECT TO SECTION 8a(2) (C) and (E) AND SECTION 8a(3)
(J) AND (M) OF THE COMMODITY EXCHANGE ACT is removed.
8. In Appendix A to part 3, the seventh paragraph, headed Section
8a(2)(E), is revised to read:
``Section 8a(2)(E) of the Act authorizes the Commission to affect
the registration of any person:
If such person, within ten years preceding the filing of the
application or at any time thereafter, has been found in a
proceeding brought by the Commission or any Federal or State agency
or other governmental body, or by agreement of settlement to which
the Commission or any Federal or State agency or other governmental
body is a party, (i) to have violated any provision of this Act,
[the securities acts], chapter 96 of title 18 of the United States
Code, or any similar statute of a State or foreign jurisdiction, or
any rule, regulation, or order under any such statutes, or the rules
of the Municipal Securities Rulemaking Board where such violation
involves embezzlement, theft, extortion, fraud, fraudulent
conversion, misappropriation of funds, securities or property,
forgery, counterfeiting, false pretenses, bribery, or gambling, or
(ii) to have willfully aided, abetted, counseled, commanded,
induced, or procured such violation by any other person;
9. In Appendix A to part 3, in the footnote to the first sentence
of the ninth paragraph, the phrase ``Specifically, section 2(a)(1)(A)
of the Act'' is revised to read ``Specifically section 2(a)(1)(A)(iii)
of the Act''.
10. In Appendix A to Part 3, the fourteenth paragraph, headed
Section 8a(3)(J), is revised to read:
``Section 8a(3)(J) authorizes the Commission to affect the
registration of any person if:
such person is subject to an outstanding order denying,
suspending, or expelling such person from membership in a contract
market, a registered futures association, any other self-regulatory
organization or any foreign regulatory body that the Commission
recognizes as having a comparable regulatory program, or barring or
suspending such person from being associated with any member or
members of such contract market, association, self-regulatory
organization, or foreign regulatory body.
Issued in Washington, DC on January 25, 1994, by the Commission.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 94-2141 Filed 2-3-94; 8:45 am]
BILLING CODE 6351-01-M
