Conflicts of Interest in Self-Regulation and Self-Regulatory Organizations, 43681 [E6-12448]

Download as PDF Federal Register / Vol. 71, No. 148 / Wednesday, August 2, 2006 / Proposed Rules to where the shoreline intercepts the Honolulu VORTAC 15-mile radius, then clockwise along the 15-mile radius of the Honolulu VORTAC to intercept the Honolulu VORTAC 241 radial, then northeast bound along the Honolulu VORTAC 241 radial to intercept the 4.3-mile radius south of Kalaeloa John Rogers Field, then counterclockwise along the arc of the 4.3mile radius of Kalaeloa John Rogers Field, to and counterclockwise along the arc of a 5mile radius of the Honolulu VORTAC to the Honolulu VORTAC 106° radial, then westbound along the Honolulu 106° radial to the 4-mile radius of the Honolulu VORTAC, then counterclockwise along the 4-mile radius to intercept the Honolulu VORTAC 071° radial, thence to the point of beginning and that airspace beginning at lat. 21 10′25″ N., long. 158 11′22″ W.; to lat. 21 16′05″ N., long. 158 14′35″ W.; to lat. 21 16′30″ N., long 158 13′46″ W.; to lat. 21 16′50″ N., long. 158 00′00″ W., to the point of beginning. * * * * * Dated: Issued in Los Angeles, California, on July 21, 2006. Leonard A. Mobley, Acting Area Director, Western Terminal Operations. [FR Doc. 06–6634 Filed 8–1–06; 8:45 am] BILLING CODE 4910–13–M COMMODITY FUTURES TRADING COMMISSION 17 CFR Part 38 RIN 3038–AC28 Conflicts of Interest in Self-Regulation and Self-Regulatory Organizations Commodity Futures Trading Commission (‘‘Commission’’). ACTION: Extension of comment period. mstockstill on PROD1PC68 with PROPOSALS AGENCY: SUMMARY: On July 7, 2006, the Commission published proposed Acceptable Practices for section 5(d)(15) of the Commodity Exchange Act (‘‘Act’’).1 Comments on the proposal were originally due by August 7, 2006. Now, at the request of interested parties, the Commission is extending the comment period to September 7, 2006. DATES: Comments must be received by September 7, 2006. ADDRESSES: Written comments should be sent to Eileen A. Donovan, Acting Secretary, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW., Washington, DC 20581. Comments may also be submitted via E-mail at secretary@cftc.gov. ‘‘Regulatory Governance’’ must be in the subject field of responses submitted via E-mail, and clearly indicated in written 1 71 FR 38740 (July 7, 2006). VerDate Aug<31>2005 15:39 Aug 01, 2006 Jkt 208001 submissions. Comments may also be submitted to the Federal eRulemaking Portal: https://www.regulations.gov. FOR FURTHER INFORMATION CONTACT: Rachel F. Berdansky, Acting Deputy Director for Market Compliance, (202) 418–5429; or Sebastian Pujol Schott, Special Counsel, (202) 418–5641. Division of Market Oversight, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW., Washington, DC 20581. On July 7, 2006, the Commission published and sought public comment on proposed Acceptable Practices for Section 5(d)(15) of the Act (‘‘Core Principle 15’’). The proposed Acceptable Practices would provide designated contract markets (‘‘DCMs’’) with a safe harbor for compliance with selected aspects of Core Principle 15’s requirement that they minimize conflicts of interest in their decision-making. The Commission’s proposal contains four parts. First, the Board Composition Acceptable Practice proposes that DCMs minimize potential conflicts of interest by maintaining governing boards composed of at least fifty percent ‘‘public’’ directors. Second, the proposed Regulatory Oversight Committee Acceptable Practice calls upon DCMs to establish board-level Regulatory Oversight Committees, composed solely of public directors, to oversee regulatory functions. Third, the Disciplinary Panel Acceptable Practice proposes that each disciplinary panel at all DCMs include at least one public participant, and that no panel be dominated by any group or class of exchange members. Finally, the proposed Acceptable Practices provide a definition of ‘‘public’’ for DCM directors and for members of disciplinary panels. By letters dated July 14 and July 17, 2006, the Chicago Board of Trade (‘‘CBOT’’) and Chicago Mercantile Exchange (‘‘CME’’), respectively, requested that the original comment period be extended. CBOT requested an extension to at least September 6, and CME requested an extension to at least September 7. Recognizing the significance of the issues raised in the proposed Acceptable Practices, and to encourage the submission of meaningful comments, the Commission has decided to grant the requests. The comment period for the Commission’s proposed Acceptable Practices for Section 5(d)(15) of the Act is hereby extended to September 7, 2006. SUPPLEMENTARY INFORMATION: PO 00000 Frm 00008 Fmt 4702 Sfmt 4702 43681 Issued in Washington, DC, on July 28, 2006, by the Commission. Maria C. Alvarez-Kouns, Paralegal Specialist. [FR Doc. E6–12448 Filed 8–1–06; 8:45 am] BILLING CODE 6351–01–P DEPARTMENT OF HOMELAND SECURITY Bureau of Customs and Border Protection 19 CFR Parts 4 and 122 [USCBP–2005–0003] RIN 1651–AA62 Passenger Manifests for Commercial Aircraft Arriving in and Departing From the United States; Passenger and Crew Manifests for Commercial Vessels Departing From the United States Customs and Border Protection, Department of Homeland Security. ACTION: Notice of proposed rulemaking; extension of comment period. AGENCY: SUMMARY: This document provides an additional 60 days for interested persons to submit comments on the proposed rule to amend the Customs and Border Protection Regulations pertaining to the electronic transmission of passenger manifests for commercial aircraft arriving in and departing from the United States and of passenger and crew manifests for commercial vessels departing from the United States. The proposed rule provides air carriers a choice to make manifest transmissions either for each passenger as passengers check in for the flight, up to but no later than 15 minutes prior to departure, or in batch form (a complete manifest containing all passenger data) no later than 60 minutes prior to departure. The proposed rule also provides for vessel carriers transmitting passenger and crew manifests no later than 60 minutes prior to the vessel’s departure from the United States. The proposed rule was published in the Federal Register on July 14, 2006, and the comment period was scheduled to expire on August 14, 2006. DATES: Comments on the proposed rule must be received on or before October 12, 2006. ADDRESSES: You may submit comments, identified by docket number USCBP– 2005–0003, by one of the following methods: (1) Federal eRulemaking Portal: https://www.regulations.gov. Follow the instructions for submitting comments. E:\FR\FM\02AUP1.SGM 02AUP1

Agencies

[Federal Register Volume 71, Number 148 (Wednesday, August 2, 2006)]
[Proposed Rules]
[Page 43681]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-12448]


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COMMODITY FUTURES TRADING COMMISSION

17 CFR Part 38

RIN 3038-AC28


Conflicts of Interest in Self-Regulation and Self-Regulatory 
Organizations

AGENCY: Commodity Futures Trading Commission (``Commission'').

ACTION: Extension of comment period.

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SUMMARY: On July 7, 2006, the Commission published proposed Acceptable 
Practices for section 5(d)(15) of the Commodity Exchange Act 
(``Act'').\1\ Comments on the proposal were originally due by August 7, 
2006. Now, at the request of interested parties, the Commission is 
extending the comment period to September 7, 2006.
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    \1\ 71 FR 38740 (July 7, 2006).

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DATES: Comments must be received by September 7, 2006.

ADDRESSES: Written comments should be sent to Eileen A. Donovan, Acting 
Secretary, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street, NW., Washington, DC 20581. Comments may also 
be submitted via E-mail at secretary@cftc.gov. ``Regulatory 
Governance'' must be in the subject field of responses submitted via E-
mail, and clearly indicated in written submissions. Comments may also 
be submitted to the Federal eRulemaking Portal: https://
www.regulations.gov.

FOR FURTHER INFORMATION CONTACT: Rachel F. Berdansky, Acting Deputy 
Director for Market Compliance, (202) 418-5429; or Sebastian Pujol 
Schott, Special Counsel, (202) 418-5641. Division of Market Oversight, 
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street, NW., Washington, DC 20581.

SUPPLEMENTARY INFORMATION: On July 7, 2006, the Commission published 
and sought public comment on proposed Acceptable Practices for Section 
5(d)(15) of the Act (``Core Principle 15''). The proposed Acceptable 
Practices would provide designated contract markets (``DCMs'') with a 
safe harbor for compliance with selected aspects of Core Principle 15's 
requirement that they minimize conflicts of interest in their decision-
making. The Commission's proposal contains four parts. First, the Board 
Composition Acceptable Practice proposes that DCMs minimize potential 
conflicts of interest by maintaining governing boards composed of at 
least fifty percent ``public'' directors. Second, the proposed 
Regulatory Oversight Committee Acceptable Practice calls upon DCMs to 
establish board-level Regulatory Oversight Committees, composed solely 
of public directors, to oversee regulatory functions. Third, the 
Disciplinary Panel Acceptable Practice proposes that each disciplinary 
panel at all DCMs include at least one public participant, and that no 
panel be dominated by any group or class of exchange members. Finally, 
the proposed Acceptable Practices provide a definition of ``public'' 
for DCM directors and for members of disciplinary panels.
    By letters dated July 14 and July 17, 2006, the Chicago Board of 
Trade (``CBOT'') and Chicago Mercantile Exchange (``CME''), 
respectively, requested that the original comment period be extended. 
CBOT requested an extension to at least September 6, and CME requested 
an extension to at least September 7. Recognizing the significance of 
the issues raised in the proposed Acceptable Practices, and to 
encourage the submission of meaningful comments, the Commission has 
decided to grant the requests. The comment period for the Commission's 
proposed Acceptable Practices for Section 5(d)(15) of the Act is hereby 
extended to September 7, 2006.

    Issued in Washington, DC, on July 28, 2006, by the Commission.
Maria C. Alvarez-Kouns,
Paralegal Specialist.
[FR Doc. E6-12448 Filed 8-1-06; 8:45 am]
BILLING CODE 6351-01-P
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