95-8647. Chairman's Roundtable on Past Performance Disclosure

[Federal Register Volume 60, Number 67 (Friday, April 7, 1995)]
[Notices]
[Page 17777]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-8647]



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COMMODITY FUTURES TRADING COMMISSION


Chairman's Roundtable on Past Performance Disclosure

    This is to give notice that the Chairman of the Commodity Futures 
Trading Commission will conduct a public meeting on Tuesday, April 25, 
1995 from 2:00 p.m. to 5:00 p.m. in the lower-level hearing room of the 
Commodity Futures Trading Commission, 2033 K Street NW., Washington, DC 
20581. The agenda will consist of:

Roundtable--Rethinking Past Performance Disclosure

A. Opening Statement--Mary L. Schapiro, Chairman
B. Presentation by CFTC Staff
    Past performance disclosure--current and proposed regulations
C. Tour De Table--Potential Issues for Discussion
     What are the purposes for requiring past performance 
disclosure?
    --information as to competence of CTA
    --information as to program
    --volatility
    --leverage
    --rate of return
    --costs
    --ability to compare CTAs, types of investments
    --other
     How is it used by:
    --customers; and,
    --CTAs?
     What are the problems with using past performance 
disclosure to evaluate CTA performance?
     What customer protection considerations are addressed or 
raised by past performance disclosure?
     How can current performance presentations be made more 
meaningful?
D. Identification of Specific Proposals for Discussion
    What are the implications of the answers to the above questions on:
    --Presentation of partially-funded (``national'') programs
    --Benchmarking performance
    --Proprietary performance
    --Hypothetical performance
    --Multimedia investments

    The purpose of the meeting is to explore performance issues with a 
diverse group of industry experts, regulators, academics and market 
users toward the goal of more meaningful performance disclosures.
    The meeting is open to the public. The Chairman of the Commodity 
Futures Trading Commission, Mary L. Schapiro, is empowered to conduct 
the meeting in a fashion that will, in her judgment, facilitate the 
orderly conduct of business.

    Issued in Washington, DC on April 4, 1995.
Andrea M. Corcoran,
Director, Division of Trading & Markets.
[FR Doc. 95-8647 Filed 4-6-95; 8:45 am]
BILLING CODE 6351-01-M