[Federal Register Volume 63, Number 51 (Tuesday, March 17, 1998)]
[Proposed Rules]
[Page 13025]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-6769]
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COMMODITY FUTURES TRADING COMMISSION
17 CFR Part 1
Proposed Rulemaking Concerning Account Identification for
Eligible Bunched Orders
AGENCY: Commodity Futures Trading Commission.
ACTION: Extension of comment period on proposed rulemaking.
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SUMMARY: The Commodity Futures Trading Commission has reproposed to
amend Commission Regulation 1.35(a-1) to permit eligible customer
orders to be placed on a contract market without individual customer
account identifiers either at the time of order placement or the time
of report of execution. Specifically, the proposal would exempt from
the customer account identification requirements of Regulation 1.35(a-
1)(1), (2)(i), and (4) bunched futures and/or option orders placed by
an eligible account manager on behalf of consenting eligible customer
accounts as part of its management of a portfolio also containing
instruments which are either exempt from regulation pursuant to the
Commission's regulations or excluded from regulation under the
Commodity Exchange Act. The proposed rule would permit orders entered
on behalf of these accounts to be allocated no later than the end of
the day on which the order is executed. The proposed rulemaking was in
initially published for comment on January 7, 1998 (63 FR 695) with
comments on the proposal due by March 9, 1998. In response to requests
from the Futures Industry Association, the Managed Funds Association,
the Investment Company Institute, and the New York Mercantile Exchange,
the Commission has determined to extend the comment period on this
proposal for an additional seven days. The extended deadline for
comments on this proposed rulemaking is March 16, 1998. In response to
requests from the Futures Industry Association, the Managed Funds
Association, the Investment Company Institute, and the New York
Mercantile Exchange, the Commission has determined to extend the
comment period on this proposal for an additional seven days. The
extended deadline for comments on this proposed rulemaking is March 16,
1998.
Any person interested in submitting written data, views, or
arguments on the proposals should submit such views and comments by the
specified date to Jean A. Webb, Secretary, Commodity Futures Trading
Commission, Three Lafayette Centre, 1155 21st Street, N.W., Washington,
DC 20581. In addition, comments may be sent by facsimile transmission
to facsimile number (202) 418-5521, or by electronic mail to
secretary@cftc.gov.
DATES: Comments must be received on or before March 16, 1998.
.FOR FURTHER INFORMATION CONTACT:
Duane C. Andresen, Special Counsel, Division of Trading and Markets,
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st
Street, NW, Washington, DC 20581. Telephone: (202) 418-5490.
Issued in Washington, D.C., on this 11th day of March, 1998, by
the Commodity Futures Trading Commission.
Jean A. Webb,
Secretary on the Commission.
[FR Doc. 98-6769 Filed 3-16-98; 8:45 am]
BILLING CODE 6351-01-M
