Securities and Exchange Commission April 10, 2006 – Federal Register Recent Federal Regulation Documents

Advisory Committee on Smaller Public Companies
Document Number: E6-5182
Type: Notice
Date: 2006-04-10
Agency: Securities and Exchange Commission, Agencies and Commissions
Submission for OMB Review; Comment Request
Document Number: E6-5181
Type: Notice
Date: 2006-04-10
Agency: Securities and Exchange Commission, Agencies and Commissions
Joint Proposed Rules: Application of the Definition of Narrow-Based Security Index to Debt Securities Indexes and Security Futures on Debt Securities
Document Number: 06-3188
Type: Proposed Rule
Date: 2006-04-10
Agency: Securities and Exchange Commission, Agencies and Commissions, Commodity Futures Trading Commission
The Commodity Futures Trading Commission (``CFTC'') and the Securities and Exchange Commission (``SEC'') (together, the ``Commissions'') are proposing to adopt a new rule and to amend an existing rule under the Commodity Exchange Act (``CEA'') and to adopt two new rules under the Securities Exchange Act of 1934 (``Exchange Act''). These proposed rules and rule amendments would exclude from the definition of ``narrow-based security index'' debt securities indexes that satisfy specified criteria. A future on a debt securities index that is excluded from the definition of ``narrow-based security index'' would not be a security future and could trade subject to the exclusive jurisdiction of the CFTC. In addition, the proposed rules would expand the statutory listing standards requirements to permit security futures to be based on debt securities, including narrow-based security indexes composed of debt securities.