Commodity Futures Trading Commission March 26, 2007 – Federal Register Recent Federal Regulation Documents

The Commission hereby proposes amendments to the Acceptable Practices \1\ for section 5(d)(15) (``Core Principle 15'') of the Commodity Exchange Act (``CEA'' or ``Act'').\2\ The amendments clarify the definition of ``public director'' contained in the Acceptable Practices.\3\ The Commission believes that the proposed amendments will remove potential ambiguities and correct a technical drafting error. The amendments are consistent with the Acceptable Practices' intent to ensure the inclusion of truly public directors on designated contract market (``DCM'') boards of directors and Regulatory Oversight Committees (``ROCs''), as well as truly public persons on their disciplinary panels. The Commission welcomes comment on the proposed amendments.