[Federal Register Volume 63, Number 181 (Friday, September 18, 1998)]
[Proposed Rules]
[Page 49883]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-25046]
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COMMODITY FUTURES TRADING COMMISSION
17 CFR Parts 1, 17, 18 and 150
Revision of Federal Speculative Position Limits and Associated
Rules
AGENCY: Commodity Futures Trading Commission.
ACTION: Proposed rule; extension of comment period.
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SUMMARY: The Commodity Futures Trading Commission (``Commission'') on
July 17, 1998, published in the Federal Register a Notice of Proposed
Rulemaking. In that notice, the Commission proposed to revise
Commission speculative position limits, to codify various policies
relating to the requirement that exchanges set speculative position
limits as required by Commission rule 1.61, to amend the applicability
of the limited exemption from non-spot month speculative position
limits under Commission rule 150.3 for entities that authorize
independent account controllers to trade on their behalf and to amend
the Commission's rule on aggregation. Comments on the proposals were
due by September 15, 1998.
On September 10, 1998, the Managed Funds Association requested that
the Commission extend the comment period for thirty days, ``to insure
that a more complete and responsive comment letter can be prepared.''
The Commission is granting this request.
DATES: Comments must be received by October 19, 1998.
ADDRESSES: Comments should be mailed to the Commodity Futures Trading
Commission, Three Lafayette Centre, 1155 21st Street, NW., Washington,
DC 20581, attention: Office of the Secretariat; transmitted by
facsimile at (202) 418-5521; or transmitted electronically at
[secretary@cftc.gov]. Reference should be made to ``Speculative
Position Limits.''
FOR FURTHER INFORMATION CONTACT:
Paul M. Architzel, Chief Counsel, Division of Economic Analysis,
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st
Street, NW., Washington, DC 20581, (202) 418-5260, or electronically,
[PArchitzel@cftc.gov].
Issued in Washington, DC, on this 14th day of September, 1998,
by the Commodity Futures Trading Commission.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 98-25046 Filed 9-17-98; 8:45 am]
BILLING CODE 6351-01-M
