Requirements for Designated Contract Markets and Swap Execution Facilities Regarding Governance and the Mitigation of Conflicts of Interest Impacting Market Regulation Functions, 31669-31670 [2024-08872]

Download as PDF Federal Register / Vol. 89, No. 81 / Thursday, April 25, 2024 / Proposed Rules Regulatory Notices and Analyses The FAA has determined that this proposed regulation only involves an established body of technical regulations for which frequent and routine amendments are necessary to keep them operationally current. It, therefore: (1) is not a ‘‘significant regulatory action’’ under Executive Order 12866; (2) is not a ‘‘significant rule’’ under DOT Regulatory Policies and Procedures (44 FR 11034; February 26, 1979); and (3) does not warrant preparation of a regulatory evaluation as the anticipated impact is so minimal. Since this is a routine matter that will only affect air traffic procedures and air navigation, it is certified that this proposed rule, when promulgated, will not have a significant economic impact on a substantial number of small entities under the criteria of the Regulatory Flexibility Act. Environmental Review This proposal will be subject to an environmental analysis in accordance with FAA Order 1050.1F, ‘‘Environmental Impacts: Policies and Procedures’’ prior to any FAA final regulatory action. List of Subjects in 14 CFR Part 71 Airspace, Incorporation by reference, Navigation (air). The Proposed Amendment J–101 [Amended] From Humble, TX; Lufkin, TX; Little Rock, AR; St. Louis, MO; to Spinner, IL. From Northbrook, IL; Badger, WI; Green Bay, WI; to Sault Ste Marie, MI. * PART 71—DESIGNATION OF CLASS A, B, C, D, AND E AIRSPACE AREAS; AIR TRAFFIC SERVICE ROUTES; AND REPORTING POINTS 1. The authority citation for 14 CFR part 71 continues to read as follows: * * Paragraph 6010(a) Airways. * * * * Domestic VOR Federal * * V–9 [Amended] From Leeville, LA; Mc Comb, MS; INT Mc Comb 004° and Magnolia, MS, 194° radials; Magnolia; Sidon, MS; Marvell, AR; INT Marvell 326° and Walnut Ridge, AR, 187° radials; Walnut Ridge; Farmington, MO; St. Louis, MO; to Spinner, IL. From Janesville, WI; Madison, WI; Oshkosh, WI; Green Bay, WI; Iron Mountain, MI; to Houghton, MI. * * * * * V–48 [Amended] From Ottumwa, IA; Burlington, IA; to Peoria, IL. * * * * * V–69 [Amended] From El Dorado, AR; Pine Bluff, AR; INT Pine Bluff 038° and Walnut Ridge, AR, 187° radials; Walnut Ridge; Farmington, MO; Troy, IL; to Spinner, IL. * * * * * V–227 [Amended] From Boiler, IN; to Roberts, IL. * * * * * V–313 [Amended] From Centralia, IL; to Adders, IL. * In consideration of the foregoing, the Federal Aviation Administration proposes to amend 14 CFR part 71 as follows: * * * * * * * V–586 [Removed] * * * Issued in Washington, DC, on April 18, 2024. Frank Lias, Manager, Rules and Regulations Group. [FR Doc. 2024–08670 Filed 4–24–24; 8:45 am] BILLING CODE 4910–13–P ■ Authority: 49 U.S.C. 106(f), 106(g); 40103, 40113, 40120; E.O. 10854, 24 FR 9565, 3 CFR, 1959–1963 Comp., p. 389. § 71.1 17 CFR Parts 37 and 38 RIN 3038–AF29 [Amended] 2. The incorporation by reference in 14 CFR 71.1 of FAA Order JO 7400.11H, Airspace Designations and Reporting Points, dated August 11, 2023, and effective September 15, 2023, is amended as follows: Requirements for Designated Contract Markets and Swap Execution Facilities Regarding Governance and the Mitigation of Conflicts of Interest Impacting Market Regulation Functions Paragraph 2004 Jet Routes. AGENCY: * * ■ lotter on DSK11XQN23PROD with PROPOSALS1 COMMODITY FUTURES TRADING COMMISSION * * * J–35 [Amended] From Leeville, LA; Mc Comb, MS; Sidon, MS; Memphis, TN; to Farmington, MO. * * * VerDate Sep<11>2014 * * 16:45 Apr 24, 2024 Jkt 262001 Commodity Futures Trading Commission. ACTION: Proposed rule; extension of comment period. On March 19, 2024, the Commodity Futures Trading Commission (‘‘Commission’’ or ‘‘CFTC’’) published in the Federal Register a notice of proposed rulemaking (‘‘Proposed Rule’’ or ‘‘NPRM’’) titled Requirements for Designated Contract Markets and Swap Execution Facilities Regarding Governance and the Mitigation of Conflicts of Interest Impacting Market Regulation Functions. The comment period for the Proposed Rule was set to close on April 22, 2024. The Commission is extending the comment period for this NPRM by an additional twenty-one days. DATES: The comment period for the NPRM titled Requirements for Designated Contract Markets and Swap Execution Facilities Regarding Governance and the Mitigation of Conflicts of Interest Impacting Market Regulation Functions notice of proposed rulemaking is extended through May 13, 2024. ADDRESSES: You may submit comments, identified by ‘‘Requirements for Designated Contract Markets and Swap Execution Facilities Regarding Governance and the Mitigation of Conflicts of Interest Impacting Market Regulation Functions, RIN 3038–AF29,’’ by any of the following methods: • CFTC Comments Portal: https:// comments.cftc.gov/. Select the ‘‘Submit Comments’’ link for this rulemaking and follow the instructions on the Public Comment Form. • Mail: Send to Christopher Kirkpatrick, Secretary of the Commission, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581. • Hand Delivery/Courier: Follow the same instructions as for Mail above. Please submit your comments using only one of these methods. To avoid possible delays with mail or in-person deliveries, submissions through the CFTC Comments Portal are encouraged. All comments must be submitted in English, or if not, accompanied by an English translation. Comments will be posted as received to https:// comments.cftc.gov. You should submit only information that you wish to make available publicly. If you wish the Commission to consider information that you believe is exempt from disclosure under the Freedom of Information Act (‘‘FOIA’’), a petition for confidential treatment of the exempt information may be submitted according to the procedures established in § 145.9 of the Commission’s regulations.1 The Commission reserves the right, but shall have no obligation, to review, SUMMARY: PO 00000 Frm 00011 Fmt 4702 Sfmt 4702 31669 1 17 E:\FR\FM\25APP1.SGM CFR 145.9. 25APP1 31670 Federal Register / Vol. 89, No. 81 / Thursday, April 25, 2024 / Proposed Rules pre-screen, filter, redact, refuse, or remove any or all of your submission from https://comments.cftc.gov that it may deem to be inappropriate for publication, such as obscene language. All submissions that have been redacted or removed that contain comments on the merits of the rulemaking will be retained in the public comment file and will be considered as required under the Administrative Procedure Act and other applicable laws, and may be accessible under the FOIA. FOR FURTHER INFORMATION CONTACT: Rachel Berdansky, Deputy Director, rberdansky@cftc.gov, 202–418–5429; Swati Shah, Associate Director, sshah@ cftc.gov, 202–418–5042; Caitlin Holzem, Special Counsel, cholzem@cftc.gov, 202–418–5557; Division of Market Oversight, Commodity Futures Trading Commission, 1155 21st Street NW, Washington, DC 20581. On March 19, 2024, the Commission published proposed amendments 2 to Parts 37 and 38 that would: adopt the existing standards under the Guidance and Acceptable Practices for DCMs implementing Core Principle 15 and Core Principle 16; adopt rules implementing SEF Core Principle 12 rules that are consistent with existing standards under the Guidance and Acceptable Practices for DCM Core Principles 15 and 16; move certain existing conflicts of interest and governance requirements from Part 1 to Part 37 for SEFs and Part 38 for DCMs; adopt Part 38 rules more detailed standards concerning the DCM Chief Regulatory Officer; adopt as Parts 37 and 38 more detailed standards concerning the Regulatory Oversight Committee (‘‘ROC’’); amend Part 37 and 38 regulations regarding the notification of a transfer of equity interest in a SEF and DCM. The comment period for the NPRM closes on April 22, 2024. In a March 24, 2024, Request Letter,3 commenters express concerns that the originally-allotted 60-day comment period is insufficient. The Commission is extending the comment period by an additional twenty-one days in order to allow interested persons additional time to analyze the proposal and prepare their comments. Issued in Washington, DC, on April 22, 2024 by the Commission. Robert Sidman, Deputy Secretary of the Commission. Note: the following appendix will not appear in the Code of Federal Regulations. Appendix to Requirements for Designated Contract Markets and Swap Execution Facilities Regarding Governance and the Mitigation of Conflicts of Interest Impacting Market Regulation Functions—Commission Voting Summary On this matter, Chairman Behnam and Commissioners Johnson, Goldsmith Romero, and Pham voted in the affirmative. Commissioner Mersinger voted to concur. No Commissioner voted in the negative. [FR Doc. 2024–08872 Filed 4–24–24; 8:45 am] BILLING CODE 6351–01–P lotter on DSK11XQN23PROD with PROPOSALS1 SUPPLEMENTARY INFORMATION: 2 Requirements for Designated Contract Markets and Swap Execution Facilities Regarding Governance and the Mitigation of Conflicts of Interest Impacting Market Regulation Functions, 89 FR 19646 (Mar. 19, 2024). 3 See Letter from the Joint Compliance Committee (‘‘JCC’’), dated March 24, 2024. Available at https:// comments.cftc.gov/Handlers/PdfHandler. ashx?id=35300 (the ‘‘Extension Request Letter’’). The requested extension comment period was through June 26, 2024. VerDate Sep<11>2014 16:45 Apr 24, 2024 Jkt 262001 POSTAL REGULATORY COMMISSION 39 CFR Part 3006 [Docket No. RM2024–5; Order No. 7052] RIN 3211–AA38 Freedom of Information Act Postal Regulatory Commission. Notice of proposed rulemaking. AGENCY: ACTION: The Notice of Proposed Rulemaking seeks comment on a proposal to amend the Commission’s Freedom of Information Act (FOIA) regulations. The proposal is designed to improve readability by reorganizing and rephrasing existing content in a more accessible manner. Additionally, the proposal would better align the Commission’s existing FOIA regulations with the practices of other agencies subject to the FOIA, as necessarily adapted to the Commission’s size and area of regulatory oversight. Finally, the proposal includes amendments to clarify and amplify the information given to the public and improve the efficiency of the Commission’s FOIA administration. This document informs the public of the filing, invites public comment, and takes other administrative steps. DATES: Comments are due: May 23, 2024. ADDRESSES: Submit comments electronically via the Commission’s Filing Online system at https:// www.prc.gov. Those who cannot submit comments electronically should contact the person identified in the FOR FURTHER INFORMATION CONTACT section by SUMMARY: PO 00000 Frm 00012 Fmt 4702 Sfmt 4702 telephone for advice on filing alternatives. The Rule Summary can be found on the Commission’s Rule Summary Page at https://www.prc.gov/ rule-summary-page. FOR FURTHER INFORMATION CONTACT: David A. Trissell, General Counsel, at 202–789–6820. SUPPLEMENTARY INFORMATION: I. Background II. Basis of Proposed Rules III. Proposed Rules I. Background The Commission is an independent Federal agency that regulates the United States Postal Service (‘‘Postal Service’’). The Commission’s mission is to ensure transparency and accountability of the Postal Service and to foster a vital and efficient universal mail system. The Commission is subject to the FOIA. The Commission is also a micro agency with fewer than 100 employees. Year to year, the bulk of the FOIA requests received by the Commission are intended for the Postal Service and the requester is therefore directed to the Postal Service, as a best practice. The Commission’s existing FOIA regulations appear in existing 39 CFR part 3006. II. Basis of the Proposed Rules Based on experience with the existing FOIA regulations, the Commission proposes amendments that would improve readability, align the Commission’s existing FOIA regulations with the practices of other agencies subject to the FOIA (with appropriate adaptions for the Commission’s size and area of regulatory oversight), improve the efficiency of the Commission’s FOIA administration, and clarify and amplify the information provided to the public. To improve readability, the Commission proposes to organize the material currently appearing in existing 39 CFR part 3006, by grouping related material (individual sections of the existing regulations) under three new subparts. The proposed order of the subparts seeks to provide the public with information in a more easily accessible manner. Sections and subparts are organized to provide the most general material first, which likely will be of interest to the widest audience. The Commission also proposes amendments that would better align content with the practices of other agencies subject to the FOIA (as necessarily adapted to the Commission’s size and area of regulatory oversight), improve the efficiency of the Commission’s FOIA administration, and amplify the usefulness of the information provided to the public. E:\FR\FM\25APP1.SGM 25APP1

Agencies

Commodity Futures Trading Commission

[Federal Register Volume 89, Number 81 (Thursday, April 25, 2024)]
[Proposed Rules]
[Pages 31669-31670]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-08872]


=======================================================================
-----------------------------------------------------------------------

COMMODITY FUTURES TRADING COMMISSION

17 CFR Parts 37 and 38

RIN 3038-AF29


Requirements for Designated Contract Markets and Swap Execution 
Facilities Regarding Governance and the Mitigation of Conflicts of 
Interest Impacting Market Regulation Functions

AGENCY: Commodity Futures Trading Commission.

ACTION: Proposed rule; extension of comment period.

-----------------------------------------------------------------------

SUMMARY: On March 19, 2024, the Commodity Futures Trading Commission 
(``Commission'' or ``CFTC'') published in the Federal Register a notice 
of proposed rulemaking (``Proposed Rule'' or ``NPRM'') titled 
Requirements for Designated Contract Markets and Swap Execution 
Facilities Regarding Governance and the Mitigation of Conflicts of 
Interest Impacting Market Regulation Functions. The comment period for 
the Proposed Rule was set to close on April 22, 2024. The Commission is 
extending the comment period for this NPRM by an additional twenty-one 
days.

DATES: The comment period for the NPRM titled Requirements for 
Designated Contract Markets and Swap Execution Facilities Regarding 
Governance and the Mitigation of Conflicts of Interest Impacting Market 
Regulation Functions notice of proposed rulemaking is extended through 
May 13, 2024.

ADDRESSES: You may submit comments, identified by ``Requirements for 
Designated Contract Markets and Swap Execution Facilities Regarding 
Governance and the Mitigation of Conflicts of Interest Impacting Market 
Regulation Functions, RIN 3038-AF29,'' by any of the following methods:
     CFTC Comments Portal: https://comments.cftc.gov/. Select 
the ``Submit Comments'' link for this rulemaking and follow the 
instructions on the Public Comment Form.
     Mail: Send to Christopher Kirkpatrick, Secretary of the 
Commission, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street NW, Washington, DC 20581.
     Hand Delivery/Courier: Follow the same instructions as for 
Mail above.
    Please submit your comments using only one of these methods. To 
avoid possible delays with mail or in-person deliveries, submissions 
through the CFTC Comments Portal are encouraged.
    All comments must be submitted in English, or if not, accompanied 
by an English translation. Comments will be posted as received to 
https://comments.cftc.gov. You should submit only information that you 
wish to make available publicly. If you wish the Commission to consider 
information that you believe is exempt from disclosure under the 
Freedom of Information Act (``FOIA''), a petition for confidential 
treatment of the exempt information may be submitted according to the 
procedures established in Sec.  145.9 of the Commission's 
regulations.\1\
---------------------------------------------------------------------------

    \1\ 17 CFR 145.9.
---------------------------------------------------------------------------

    The Commission reserves the right, but shall have no obligation, to 
review,

[[Page 31670]]

pre-screen, filter, redact, refuse, or remove any or all of your 
submission from https://comments.cftc.gov that it may deem to be 
inappropriate for publication, such as obscene language. All 
submissions that have been redacted or removed that contain comments on 
the merits of the rulemaking will be retained in the public comment 
file and will be considered as required under the Administrative 
Procedure Act and other applicable laws, and may be accessible under 
---------------------------------------------------------------------------
the FOIA.

FOR FURTHER INFORMATION CONTACT: Rachel Berdansky, Deputy Director, 
[email protected], 202-418-5429; Swati Shah, Associate Director, 
[email protected], 202-418-5042; Caitlin Holzem, Special Counsel, 
[email protected], 202-418-5557; Division of Market Oversight, Commodity 
Futures Trading Commission, 1155 21st Street NW, Washington, DC 20581.

SUPPLEMENTARY INFORMATION: On March 19, 2024, the Commission published 
proposed amendments \2\ to Parts 37 and 38 that would: adopt the 
existing standards under the Guidance and Acceptable Practices for DCMs 
implementing Core Principle 15 and Core Principle 16; adopt rules 
implementing SEF Core Principle 12 rules that are consistent with 
existing standards under the Guidance and Acceptable Practices for DCM 
Core Principles 15 and 16; move certain existing conflicts of interest 
and governance requirements from Part 1 to Part 37 for SEFs and Part 38 
for DCMs; adopt Part 38 rules more detailed standards concerning the 
DCM Chief Regulatory Officer; adopt as Parts 37 and 38 more detailed 
standards concerning the Regulatory Oversight Committee (``ROC''); 
amend Part 37 and 38 regulations regarding the notification of a 
transfer of equity interest in a SEF and DCM. The comment period for 
the NPRM closes on April 22, 2024.
---------------------------------------------------------------------------

    \2\ Requirements for Designated Contract Markets and Swap 
Execution Facilities Regarding Governance and the Mitigation of 
Conflicts of Interest Impacting Market Regulation Functions, 89 FR 
19646 (Mar. 19, 2024).
---------------------------------------------------------------------------

    In a March 24, 2024, Request Letter,\3\ commenters express concerns 
that the originally-allotted 60-day comment period is insufficient. The 
Commission is extending the comment period by an additional twenty-one 
days in order to allow interested persons additional time to analyze 
the proposal and prepare their comments.
---------------------------------------------------------------------------

    \3\ See Letter from the Joint Compliance Committee (``JCC''), 
dated March 24, 2024. Available at https://comments.cftc.gov/Handlers/PdfHandler.ashx?id=35300 (the ``Extension Request 
Letter''). The requested extension comment period was through June 
26, 2024.

    Issued in Washington, DC, on April 22, 2024 by the Commission.
Robert Sidman,
Deputy Secretary of the Commission.

    Note: the following appendix will not appear in the Code of 
Federal Regulations.

Appendix to Requirements for Designated Contract Markets and Swap 
Execution Facilities Regarding Governance and the Mitigation of 
Conflicts of Interest Impacting Market Regulation Functions--Commission 
Voting Summary

    On this matter, Chairman Behnam and Commissioners Johnson, 
Goldsmith Romero, and Pham voted in the affirmative. Commissioner 
Mersinger voted to concur. No Commissioner voted in the negative.

[FR Doc. 2024-08872 Filed 4-24-24; 8:45 am]
BILLING CODE 6351-01-P

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.