81_FR_36593 81 FR 36484 - Public Staff Roundtable on Elements of Regulation Automated Trading; Reopening of Comment Period

81 FR 36484 - Public Staff Roundtable on Elements of Regulation Automated Trading; Reopening of Comment Period

COMMODITY FUTURES TRADING COMMISSION

Federal Register Volume 81, Issue 109 (June 7, 2016)

Page Range36484-36485
FR Document2016-13385

On June 10, 2016, staff of the Commodity Futures Trading Commission (CFTC or Commission) will hold a public roundtable meeting, at which invited participants will discuss specific elements of the Commission's notice of proposed rulemaking (NPRM) regarding Regulation Automated Trading (Regulation AT). The staff roundtable, which will be held at the Commission's Washington, DC, office, will commence at 9:00 a.m. and end at 4:00 p.m. Additional information, including the agenda, is available in the ``Press Room'' section of the Commission's Web site at www.cftc.gov. In conjunction with the staff roundtable on June 10, the Commission is reopening the comment period for specific elements of Regulation AT. This additional comment period is intended to accept public comments solely on the specific items in the agenda and that arise during the staff roundtable.

Federal Register, Volume 81 Issue 109 (Tuesday, June 7, 2016) 
[Federal Register Volume 81, Number 109 (Tuesday, June 7, 2016)]
[Proposed Rules]
[Pages 36484-36485]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-13385]


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COMMODITY FUTURES TRADING COMMISSION

17 CFR Parts 1, 38, 40, and 170

RIN 3038-AD52


Public Staff Roundtable on Elements of Regulation Automated 
Trading; Reopening of Comment Period

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of staff roundtable discussion; reopening of comment 
period.

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SUMMARY: On June 10, 2016, staff of the Commodity Futures Trading 
Commission (CFTC or Commission) will hold a public roundtable meeting, 
at which invited participants will discuss specific elements of the 
Commission's notice of proposed rulemaking (NPRM) regarding Regulation 
Automated Trading (Regulation AT). The staff roundtable, which will be 
held at the Commission's Washington, DC, office, will commence at 9:00 
a.m. and end at 4:00 p.m. Additional information, including the agenda, 
is available in the ``Press Room'' section of the Commission's Web site 
at www.cftc.gov. In conjunction with the staff roundtable on June 10, 
the Commission is reopening the comment period for specific elements of 
Regulation AT. This additional comment period is intended to accept 
public comments solely on the specific items in the agenda and that 
arise during the staff roundtable.

DATES: The staff roundtable will take place on Friday, June 10, 2016, 
commencing at 9:00 a.m. and ending at 4:00 p.m. The comment period will 
be reopened as of June 10, 2016, and will close on June 24, 2016.

ADDRESSES: Roundtable: The staff roundtable will take place in the 
Conference Center at the Commission's headquarters at Three Lafayette 
Centre, 1155 21st Street NW., Washington, DC.
    Comments: Members of the public may submit comment letters, 
identified by RIN 3038-AD52, by any of the following methods:
     CFTC Web site: http://comments.cftc.gov. Follow the 
instructions for submitting comments through the Comments Online 
process on the Web site.
     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: Same as Mail, above.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.

FOR FURTHER INFORMATION CONTACT: Regarding the staff roundtable, please 
contact the CFTC's Office of Public Affairs at (202) 418-5080. 
Regarding the proposed rules in Regulation AT, please contact Sebastian 
Pujol Schott, Associate Director, Division of Market Oversight (DMO), 
sps@cftc.gov or 202-418-5641; Marilee Dahlman, Special Counsel, DMO, 
mdahlman@cftc.gov or 202-418-5264; Mark Schlegel, Special Counsel, DMO, 
mschlegel@cftc.gov or 202-418-5055; Andrew Ridenour, Special Counsel, 
DMO, aridenour@cftc.gov or 202-418-5438; Joseph Otchin, Attorney 
Advisor, DMO, jotchin@cftc.gov or 202-418-5623; Michael Penick, 
Economist, Office of the Chief Economist (OCE), mpenick@cftc.gov or 
202-418-5279; Richard Haynes, Supervisory Research Analyst, OCE, 
rhaynes@cftc.gov or 202-418-5063; Carlin Metzger, Trial Attorney, 
Division of Enforcement, cmetzger@cftc.gov or 312-596-0536; or John 
Dunfee, Assistant General Counsel, Office of General Counsel, 
jdunfee@cftc.gov or 202-418-5396.

SUPPLEMENTARY INFORMATION: 

I. Background

    The Commission's NPRM for Regulation Automated Trading was 
published in the Federal Register on December 17, 2015 (80 FR 78824). 
The NPRM was open for a 90-day comment period, from December 17, 2015 
through March 16, 2016. The comment file for Regulation AT is available 
at: http://comments.cftc.gov/PublicComments/CommentList.aspx?id=1646.

II. Staff Roundtable Agenda

    The staff roundtable \1\ on June 10, 2016 will address the 
following items: (1) potential amendments to the proposed definition of 
``Direct Electronic Access'' (DEA), consistent with and in furtherance 
of Regulation AT's proposed registration regime; (2) potential 
quantitative measures to establish the population of AT Persons; (3) a 
potential alternative to Regulation AT's requirements for AT Persons in 
proposed Sec. Sec.  1.80, 1.81, and 1.83(a), which alternative could 
require that FCMs impose specific requirements on their customers and 
perform due diligence regarding customers' compliance; (4) AT Persons' 
compliance with Regulation AT's proposed requirements for Algorithmic 
Trading and Algorithmic Trading systems when using third-party 
algorithms or systems; and (5) source code access and retention.
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    \1\ See ``CFTC Staff to Hold Roundtable on Certain Elements of 
Regulation AT,'' (May 27, 2016), available at: http://www.cftc.gov/PressRoom/PressReleases/pr7377-16.
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    The staff roundtable will be open to the public with seating on a 
first-come, first-served basis, and will take place in the Conference 
Center at the Commission's headquarters at Three Lafayette Centre, 1155 
21st Street, NW., Washington, DC. Members of the public may also listen 
by telephone. Call-in participants should be prepared to provide their 
first name, last name, and affiliation. The information for the 
conference call may be found on the CFTC's Web site at www.cftc.gov.

[[Page 36485]]

III. Reopening of Comment Period

    In conjunction with the staff roundtable on June 10, the Commission 
is also reopening the comment period for specific elements of 
Regulation AT. The comment period will be reopened as of June 10, 2016, 
and will close on June 24, 2016. The additional comment period is 
intended for public comments solely on the specific items in the agenda 
for the staff roundtable and that arise during the roundtable. Members 
of the public may submit comment letters, identified by RIN 3038-AD52, 
by any of the methods indicated in the ADDRESSES section of this 
notice. Each section of a comment letter should indicate the roundtable 
agenda item that such section addresses.
    Please submit comments by only one method. All comments should be 
submitted in English or accompanied by an English translation. Comments 
will be posted as received to http://www.cftc.gov. You should submit 
only information that you wish to make available publicly. If you wish 
the Commission to consider information that may be 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 17 CFR 145.9. The Commission 
reserves the right, but shall have no obligation, to review, prescreen, 
filter, redact, refuse, or remove any or all of your submission from 
http://www.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 FOIA.

    Issued in Washington, DC, on June 2, 2016, by the Commission.
Christopher J. Kirkpatrick,
Secretary of the Commission.
[FR Doc. 2016-13385 Filed 6-6-16; 8:45 am]
 BILLING CODE 6351-01-P

36484 Federal Register / Vol. 81, No. 109 / Tuesday, June 7, 2016 / Proposed Rules * * * * * hold a public roundtable meeting, at jotchin@cftc.gov or 202–418–5623; which invited participants will discuss Michael Penick, Economist, Office of PART 747—[REMOVED AND specific elements of the Commission’s the Chief Economist (OCE), mpenick@ RESERVED] notice of proposed rulemaking (NPRM) cftc.gov or 202–418–5279; Richard ■ 3. Remove and reserve part 747. regarding Regulation Automated Haynes, Supervisory Research Analyst, Trading (Regulation AT). The staff OCE, rhaynes@cftc.gov or 202–418– PART 748—[AMENDED] roundtable, which will be held at the 5063; Carlin Metzger, Trial Attorney, Commission’s Washington, DC, office, Division of Enforcement, cmetzger@ ■ 4. The authority citation for part 748 will commence at 9:00 a.m. and end at cftc.gov or 312–596–0536; or John continues to read as follows: 4:00 p.m. Additional information, Dunfee, Assistant General Counsel, Authority: 50 U.S.C. 4601 et seq.; 50 including the agenda, is available in the Office of General Counsel, jdunfee@ U.S.C. 1701 et seq.; E.O. 13026, 61 FR 58767, ‘‘Press Room’’ section of the cftc.gov or 202–418–5396. 3 CFR, 1996 Comp., p. 228; E.O. 13222, 66 Commission’s Web site at www.cftc.gov. FR 44025, 3 CFR, 2001 Comp., p. 783; Notice SUPPLEMENTARY INFORMATION: In conjunction with the staff roundtable of August 7, 2015, 80 FR 48233 (August 11, I. Background on June 10, the Commission is 2015). reopening the comment period for The Commission’s NPRM for § 748.1—[Amended] specific elements of Regulation AT. This Regulation Automated Trading was ■ 5. Section 748.1 is amended by additional comment period is intended published in the Federal Register on removing the parenthetical phrase to accept public comments solely on the December 17, 2015 (80 FR 78824). The ‘‘(other than Special Iraq Reconstruction specific items in the agenda and that NPRM was open for a 90-day comment License applications)’’ from the first arise during the staff roundtable. period, from December 17, 2015 through sentence of paragraph (d). DATES: The staff roundtable will take March 16, 2016. The comment file for place on Friday, June 10, 2016, Regulation AT is available at: http:// § 748.7—[Amended] commencing at 9:00 a.m. and ending at comments.cftc.gov/PublicComments/ ■ 6. Section 748.7 is amended by 4:00 p.m. The comment period will be CommentList.aspx?id=1646. removing the parenthetical phrase reopened as of June 10, 2016, and will ‘‘(other than Special Iraq Reconstruction close on June 24, 2016. II. Staff Roundtable Agenda Licenses)’’ from paragraphs (a) and (d). ADDRESSES: Roundtable: The staff The staff roundtable 1 on June 10, roundtable will take place in the 2016 will address the following items: PART 762—[AMENDED] Conference Center at the Commission’s (1) potential amendments to the ■ 7. The authority citation for part 762 headquarters at Three Lafayette Centre, proposed definition of ‘‘Direct continues to read as follows: 1155 21st Street NW., Washington, DC. Electronic Access’’ (DEA), consistent Authority: 50 U.S.C. 4601 et seq.; 50 Comments: Members of the public with and in furtherance of Regulation U.S.C. 1701 et seq.; E.O. 13222, 66 FR 44025, may submit comment letters, identified AT’s proposed registration regime; (2) 3 CFR, 2001 Comp., p. 783; Notice of August by RIN 3038–AD52, by any of the potential quantitative measures to 7, 2015, 80 FR 48233 (August 11, 2015). following methods: establish the population of AT Persons; • CFTC Web site: http:// (3) a potential alternative to Regulation § 762.2—[Amended] comments.cftc.gov. Follow the AT’s requirements for AT Persons in ■ 8. Section 762.2 is amended by instructions for submitting comments proposed §§ 1.80, 1.81, and 1.83(a), removing and reserving paragraph through the Comments Online process which alternative could require that (b)(17). on the Web site. FCMs impose specific requirements on Dated: June 1, 2016. • Mail: Send to Christopher their customers and perform due Kevin J. Wolf, Kirkpatrick, Secretary of the diligence regarding customers’ Assistant Secretary for Export Commission, Commodity Futures compliance; (4) AT Persons’ compliance Administration. Trading Commission, Three Lafayette with Regulation AT’s proposed [FR Doc. 2016–13397 Filed 6–6–16; 8:45 am] Centre, 1155 21st Street, NW., requirements for Algorithmic Trading Washington, DC 20581. and Algorithmic Trading systems when BILLING CODE 3510–33–P • Hand Delivery/Courier: Same as using third-party algorithms or systems; Mail, above. and (5) source code access and • Federal eRulemaking Portal: http:// COMMODITY FUTURES TRADING retention. www.regulations.gov. Follow the COMMISSION instructions for submitting comments. The staff roundtable will be open to the public with seating on a first-come, FOR FURTHER INFORMATION CONTACT: 17 CFR Parts 1, 38, 40, and 170 first-served basis, and will take place in Regarding the staff roundtable, please RIN 3038–AD52 the Conference Center at the contact the CFTC’s Office of Public Commission’s headquarters at Three Affairs at (202) 418–5080. Regarding the Public Staff Roundtable on Elements Lafayette Centre, 1155 21st Street, NW., proposed rules in Regulation AT, please of Regulation Automated Trading; Washington, DC. Members of the public contact Sebastian Pujol Schott, Reopening of Comment Period may also listen by telephone. Call-in Associate Director, Division of Market asabaliauskas on DSK3SPTVN1PROD with PROPOSALS participants should be prepared to AGENCY: Commodity Futures Trading Oversight (DMO), sps@cftc.gov or 202– provide their first name, last name, and Commission. 418–5641; Marilee Dahlman, Special affiliation. The information for the ACTION: Notice of staff roundtable Counsel, DMO, mdahlman@cftc.gov or conference call may be found on the discussion; reopening of comment 202–418–5264; Mark Schlegel, Special CFTC’s Web site at www.cftc.gov. period. Counsel, DMO, mschlegel@cftc.gov or 202–418–5055; Andrew Ridenour, 1 See ‘‘CFTC Staff to Hold Roundtable on Certain SUMMARY:On June 10, 2016, staff of the Special Counsel, DMO, aridenour@ Elements of Regulation AT,’’ (May 27, 2016), Commodity Futures Trading cftc.gov or 202–418–5438; Joseph available at: http://www.cftc.gov/PressRoom/ Commission (CFTC or Commission) will Otchin, Attorney Advisor, DMO, PressReleases/pr7377-16. VerDate Sep<11>2014 16:45 Jun 06, 2016 Jkt 238001 PO 00000 Frm 00005 Fmt 4702 Sfmt 4702 E:\FR\FM\07JNP1.SGM 07JNP1

Federal Register / Vol. 81, No. 109 / Tuesday, June 7, 2016 / Proposed Rules 36485 III. Reopening of Comment Period DEPARTMENT OF JUSTICE If you want to submit confidential business information as part of your In conjunction with the staff Bureau of Prisons comment but do not want it to be posted roundtable on June 10, the Commission online, you must include the phrase is also reopening the comment period 28 CFR Part 571 ‘‘CONFIDENTIAL BUSINESS for specific elements of Regulation AT. INFORMATION’’ in the first paragraph [BOP–1110–P] The comment period will be reopened of your comment. You must also as of June 10, 2016, and will close on RIN 1120–AB10 prominently identify confidential June 24, 2016. The additional comment business information to be redacted period is intended for public comments Compassionate Release within the comment. If a comment solely on the specific items in the AGENCY: Bureau of Prisons, Justice. contains so much confidential business agenda for the staff roundtable and that ACTION: Proposed rule. information that it cannot be effectively arise during the roundtable. Members of redacted, all or part of that comment the public may submit comment letters, SUMMARY: The Bureau of Prisons may not be posted on identified by RIN 3038–AD52, by any of (Bureau) proposes changes to its www.regulations.gov. the methods indicated in the ADDRESSES regulations on compassionate release, including changing the title to Personal identifying information section of this notice. Each section of a ‘‘Reduction in Sentence in identified and located as set forth above comment letter should indicate the Extraordinary and Compelling will be placed in the agency’s public roundtable agenda item that such Circumstances’’; deleting language docket file, but not posted online. section addresses. which indicates that the Bureau will Confidential business information Please submit comments by only one only allow reductions in sentence for identified and located as set forth above method. All comments should be circumstances ‘‘which could not will not be placed in the public docket submitted in English or accompanied by reasonably have been foreseen by the file. If you wish to inspect the agency’s an English translation. Comments will court at the time of sentencing’’; and public docket file in person by be posted as received to http:// modifying and adding language to appointment, please see the FOR www.cftc.gov. You should submit only clarify the ineligibility of certain FURTHER INFORMATION CONTACT information that you wish to make inmates for reductions in sentence and paragraph. available publicly. If you wish the the eligibility of District of Columbia Commission to consider information Code felony inmates (D.C. Code felony SUPPLEMENTARY INFORMATION: The that may be exempt from disclosure inmates) for medical and geriatric Bureau published a proposed rule under the Freedom of Information Act release. revising all of the regulations in 28 CFR (FOIA), a petition for confidential Subpart G on December 21, 2006 (71 FR DATES: Written comments must be 76619). We also published an interim treatment of the exempt information submitted on or before August 8, 2016. may be submitted according to the rule making a technical change to the ADDRESSES: Rules Unit, Office of regulations on February 28, 2013 (78 FR procedures established in 17 CFR 145.9. General Counsel, Bureau of Prisons, 320 The Commission reserves the right, but 13478). Subsequently, we published First Street NW., Washington, DC another interim rule on December 5, shall have no obligation, to review, 20534. prescreen, filter, redact, refuse, or 2013 (78 FR 73083), which provides that remove any or all of your submission FOR FURTHER INFORMATION CONTACT: the Bureau’s General Counsel will from http://www.cftc.gov that it may Sarah Qureshi, Rules Unit, Office of solicit the opinion of the United States deem to be inappropriate for General Counsel, Bureau of Prisons, Attorney in the district in which the phone (202) 353–8248. inmate was sentenced when considering publication, such as obscene language. All submissions that have been redacted SUPPLEMENTARY INFORMATION: an inmate for compassionate release. It or removed that contain comments on also states that the final decision is Posting of Public Comments the merits of the rulemaking will be subject to the general supervision and Please note that all comments direction of the Attorney General and retained in the public comment file and received are considered part of the Deputy Attorney General. will be considered as required under the public record and made available for Administrative Procedure Act and other We now withdraw the proposed rule public inspection online at applicable laws, and may be accessible published in 2006 and instead propose www.regulations.gov. Such information under FOIA. the following changes to the regulations includes personal identifying on compassionate release: (1) Changing Issued in Washington, DC, on June 2, 2016, information (such as your name, address, etc.) voluntarily submitted by the title to ‘‘Reduction in Sentence in by the Commission. the commenter. Extraordinary and Compelling Christopher J. Kirkpatrick, If you want to submit personal Circumstances’’; (2) deleting language Secretary of the Commission. which indicates that the Bureau will identifying information (such as your [FR Doc. 2016–13385 Filed 6–6–16; 8:45 am] only allow reductions in sentence for name, address, etc.) as part of your BILLING CODE 6351–01–P comment, but do not want it to be circumstances ‘‘which could not asabaliauskas on DSK3SPTVN1PROD with PROPOSALS posted online, you must include the reasonably have been foreseen by the phrase ‘‘PERSONAL IDENTIFYING court at the time of sentencing’’; and (3) INFORMATION’’ in the first paragraph modifying and adding language to of your comment. You must also locate clarify the ineligibility of certain all the personal identifying information inmates for reductions in sentence and you do not want posted online in the the eligibility of District of Columbia first paragraph of your comment and Code felony inmates (D.C. Code felony identify what information you want inmates) for medical and geriatric redacted. release. VerDate Sep<11>2014 16:45 Jun 06, 2016 Jkt 238001 PO 00000 Frm 00006 Fmt 4702 Sfmt 4702 E:\FR\FM\07JNP1.SGM 07JNP1


Document Created: 2018-02-08 07:31:20
Document Modified: 2018-02-08 07:31:20
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionProposed Rules
ActionNotice of staff roundtable discussion; reopening of comment period.
DatesThe staff roundtable will take place on Friday, June 10, 2016, commencing at 9:00 a.m. and ending at 4:00 p.m. The comment period will be reopened as of June 10, 2016, and will close on June 24, 2016.
ContactRegarding the staff roundtable, please contact the CFTC's Office of Public Affairs at (202) 418-5080. Regarding the proposed rules in Regulation AT, please contact Sebastian Pujol Schott, Associate Director, Division of Market Oversight (DMO), [email protected] or 202-418-5641; Marilee Dahlman, Special Counsel, DMO, [email protected] or 202-418-5264; Mark Schlegel, Special Counsel, DMO, [email protected] or 202-418-5055; Andrew Ridenour, Special Counsel, DMO, [email protected] or 202-418-5438; Joseph Otchin, Attorney Advisor, DMO, [email protected] or 202-418-5623; Michael Penick, Economist, Office of the Chief Economist (OCE), [email protected] or 202-418-5279; Richard Haynes, Supervisory Research Analyst, OCE, [email protected] or 202-418-5063; Carlin Metzger, Trial Attorney, Division of Enforcement, [email protected] or 312-596-0536; or John Dunfee, Assistant General Counsel, Office of General Counsel, [email protected] or 202-418-5396.
FR Citation81 FR 36484 
RIN Number3038-AD52
CFR Citation17 CFR 1
17 CFR 170
17 CFR 38
17 CFR 40
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