83 FR 11507 - Market Risk Advisory Committee

COMMODITY FUTURES TRADING COMMISSION

Federal Register Volume 83, Issue 51 (March 15, 2018)

Page Range		11507-11508
FR Document		2018-05271

The Commodity Futures Trading Commission (CFTC or Commission) is requesting nominations for membership on the Market Risk Advisory Committee (MRAC or Committee) and also inviting the submission of potential topics for discussion at future Committee meetings. The MRAC is a discretionary advisory committee established by the Commission in accordance with the Federal Advisory Committee Act.

Federal Register, Volume 83 Issue 51 (Thursday, March 15, 2018)

[Federal Register Volume 83, Number 51 (Thursday, March 15, 2018)]
[Notices]
[Pages 11507-11508]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-05271]


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COMMODITY FUTURES TRADING COMMISSION


Market Risk Advisory Committee

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice; request for nominations and topic submissions.

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SUMMARY: The Commodity Futures Trading Commission (CFTC or Commission) 
is requesting nominations for membership on the Market Risk Advisory 
Committee (MRAC or Committee) and also inviting the submission of 
potential topics for discussion at future Committee meetings. The MRAC 
is a discretionary advisory committee established by the Commission in 
accordance with the Federal Advisory Committee Act.

DATES: The deadline for the submission of nominations and topics is 
March 29, 2018.

ADDRESSES: Nominations and topics for discussion at future MRAC 
meetings should be emailed to [email protected] or sent by hand 
delivery or courier to Alicia L. Lewis, MRAC Designated Federal Officer 
and Special Counsel to Commissioner Rostin Behnam, Commodity Futures 
Trading Commission, Three Lafayette Centre, 1155 21st Street NW, 
Washington, DC 20581. Please use the title ``Market Risk Advisory 
Committee'' for any nominations or topics you submit.

FOR FURTHER INFORMATION CONTACT: Alicia L. Lewis, MRAC Designated 
Federal Officer and Special Counsel to Commissioner Rostin Behnam at 
(202) 418-5862 or email: [email protected].

SUPPLEMENTARY INFORMATION: The MRAC was established to conduct public 
meetings and submit reports and recommendations to the Commission on 
matters of public concern to clearinghouses, exchanges, swap execution 
facilities, swap data repositories, intermediaries, market makers, 
service providers, end-users (e.g., consumers) and the Commission 
regarding (1) systemic issues that threaten the stability of the 
derivatives markets and other related financial markets, and (2) the 
impact and implications of the evolving market structure of the 
derivatives markets and other related financial markets. The duties of 
the MRAC are solely advisory and include advising the Commission with 
respect to the effects that developments in the structure of the 
derivatives markets have on the systemic issues that impact the 
stability of the derivatives markets and other financial markets. The 
MRAC also makes recommendations to the Commission on how to improve 
market structure and mitigate risk to support the Commission's mission 
of ensuring the integrity of the derivatives markets and monitoring and 
managing systemic risk. Determinations of actions to be taken and 
policy to be expressed with respect to the reports or recommendations 
of the MRAC are made solely by the Commission.
    MRAC members generally serve as representatives and provide advice 
reflecting the views of organizations and entities that constitute the 
structure of the derivatives and financial markets. The MRAC may also 
include regular government employees when doing so furthers purposes of 
the MRAC. Historically, the MRAC has had approximately 30 members with 
the following types of entities with interests in the derivatives 
markets and systemic risk being represented: (i) Exchanges, (ii) 
clearinghouses, (iii) swap execution facilities, (iv) swap data 
repositories, (v) intermediaries, (vi) market makers, (vii) service 
providers, (viii) end-users, (ix) academia, (x) public interest groups, 
and (xi) regulators. The MRAC has held approximately 2-4 meetings per 
year. MRAC members serve at the pleasure of the Commission. In 
addition, MRAC members do not receive compensation or honoraria for 
their services, and they are not reimbursed for travel and per diem 
expenses.

[[Page 11508]]

    The Commission seeks members who represent organizations or groups 
with an interest in the MRAC's mission and function and reflect a wide 
range of perspectives and interests related to the derivatives markets 
and other financial markets. To advise the Commission effectively, MRAC 
members must have a high-level of expertise and experience in the 
derivatives and financial markets and the Commission's regulation of 
such markets, including from a historical perspective. To the extent 
practicable, the Commission will strive to select members reflecting 
wide ethnic, racial, gender, and age representation. MRAC members 
should be open to participating in a public forum.
    The Commission invites the submission of nominations for MRAC 
membership. Each nomination submission should include relevant 
information about the proposed member, such as the individual's name, 
title, and organizational affiliation as well as information that 
supports the individual's qualifications to serve on the MRAC. The 
submission should also include suggestions for topics for discussion at 
future MRAC meetings as well as the name and email or mailing address 
of the person nominating the proposed member.
    Submission of a nomination is not a guarantee of selection as a 
member of the MRAC. As noted in the MRAC's Membership Balance Plan, the 
CFTC identifies members for the MRAC based on Commissioners' and 
Commission staff professional knowledge of the derivatives and other 
financial markets, consultation with knowledgeable persons outside the 
CFTC, and requests to be represented received from organizations. The 
office of the Commissioner primarily responsible for the MRAC plays a 
primary, but not exclusive, role in this process and makes 
recommendations regarding membership to the Commission. The Commission, 
by vote, authorizes members to serve on the MRAC.
    In addition, the Commission invites submissions from the public 
regarding the topics on which MRAC should focus. In other words, topics 
that:
    (a) Reflect matters of public concern to clearinghouses, exchanges, 
swap execution facilities, swap data repositories, intermediaries, 
market makers, service providers, end-users and the Commission 
regarding systemic issues that impact the stability of the derivatives 
markets and other related financial markets; and/or
    (b) Are important to otherwise assist the Commission in identifying 
and understanding the impact and implications of the evolving market 
structure of the derivatives markets and other related financial 
markets.
    Each topic submission should include the commenter's name and email 
or mailing address.

    Authority:  5 U.S.C. App. II.

    Dated: March 12, 2018.
Christopher J. Kirkpatrick,
Secretary of the Commission.
[FR Doc. 2018-05271 Filed 3-14-18; 8:45 am]
 BILLING CODE 6351-01-P

Federal Register / Vol. 83, No. 51 / Thursday, March 15, 2018 / Notices 11507

understanding of the potential impacts would be identified and measured. After FOR FURTHER INFORMATION CONTACT:
predators may be having on juvenile the captured fish have fully recovered in Alicia L. Lewis, MRAC Designated
salmonids migrating through this region an aerated live well they would be Federal Officer and Special Counsel to
and thus helping inform management released at or near the location of Commissioner Rostin Behnam at (202)
decisions. FISHBIO proposes to use boat capture, away from any future 418–5862 or email: alewis@cftc.gov.
electrofishing to capture fish and to electroshocking activities. The
observe fish during stream surveys. researchers do not intend to kill any SUPPLEMENTARY INFORMATION: The
Captured fish would be immediately listed fish, but some may die as an MRAC was established to conduct
placed in an aerated livebox until inadvertent result of the research. public meetings and submit reports and
processing (i.e., measuring and This notice is provided pursuant to recommendations to the Commission on
recording) is complete, and a partition section 10(c) of the ESA. NMFS will matters of public concern to
in the livebox would separate potential evaluate the applications, associated clearinghouses, exchanges, swap
predators from prey-sized fish to documents, and comments submitted to execution facilities, swap data
eliminate harmful interactions. determine whether the applications repositories, intermediaries, market
Captured fish would be identified to meet the requirements of section 10(a) makers, service providers, end-users
species, and released. ESA-listed fish of the ESA and Federal regulations. The (e.g., consumers) and the Commission
would be kept for as little time as final permit decisions will not be made regarding (1) systemic issues that
possible and released before non-listed until after the end of the 30-day threaten the stability of the derivatives
species. The researchers do not intend comment period. NMFS will publish markets and other related financial
to kill any listed fish, but some may die notice of its final action in the Federal markets, and (2) the impact and
as an inadvertent result of the research. Register. implications of the evolving market
structure of the derivatives markets and
21499 Dated: March 12, 2018.
other related financial markets. The
The California Department of Water Angela Somma, duties of the MRAC are solely advisory
Resources (DWR) is seeking a five-year Chief, Endangered Species Division, Office and include advising the Commission
permit to annually take juvenile SRWR of Protected Resources, National Marine with respect to the effects that
chinook, CVSR chinook, CCV steelhead Fisheries Service.
developments in the structure of the
and sDPS green sturgeon in the [FR Doc. 2018–05257 Filed 3–14–18; 8:45 am]
derivatives markets have on the
Northern Sacramento River Delta. The BILLING CODE 3510–22–P systemic issues that impact the stability
purpose of this project is test if the of the derivatives markets and other
removal or reduction of invasive aquatic financial markets. The MRAC also
vegetation biomass changes the density COMMODITY FUTURES TRADING makes recommendations to the
and composition of the local food web. COMMISSION Commission on how to improve market
The research would benefit the affected structure and mitigate risk to support
species by providing information on Market Risk Advisory Committee
the Commission’s mission of ensuring
ways to reduce non-native predator the integrity of the derivatives markets
AGENCY: Commodity Futures Trading
numbers and helping direct habitat and monitoring and managing systemic
Commission.
restoration for native fish. The DWR risk. Determinations of actions to be
proposes to use boat electrofishing to ACTION: Notice; request for nominations
and topic submissions. taken and policy to be expressed with
capture fish. Captured fish would be respect to the reports or
identified to species, and released. The SUMMARY: The Commodity Futures recommendations of the MRAC are
researchers do not intend to kill any Trading Commission (CFTC or made solely by the Commission.
listed fish, but some may die as an Commission) is requesting nominations
inadvertent result of the research. MRAC members generally serve as
for membership on the Market Risk representatives and provide advice
21547 Advisory Committee (MRAC or reflecting the views of organizations and
The CDFW is seeking a two-year Committee) and also inviting the entities that constitute the structure of
permit to take juvenile SONCC coho, CC submission of potential topics for the derivatives and financial markets.
chinook, NC steelhead, CCV steelhead, discussion at future Committee The MRAC may also include regular
CCC coho, CVSR chinook, SRWR meetings. The MRAC is a discretionary government employees when doing so
chinook, CCC steelhead, SC steelhead, advisory committee established by the furthers purposes of the MRAC.
and sDPS green sturgeon. The study’s Commission in accordance with the Historically, the MRAC has had
purpose is to assess the condition of the Federal Advisory Committee Act. approximately 30 members with the
rivers and streams in California and DATES: The deadline for the submission following types of entities with interests
provide a baseline for future of nominations and topics is March 29, in the derivatives markets and systemic
comparisons. CDFW is participating in 2018. risk being represented: (i) Exchanges,
the USEPA National Rivers and Streams ADDRESSES: Nominations and topics for (ii) clearinghouses, (iii) swap execution
Assessment (NRSA), a probability-based discussion at future MRAC meetings facilities, (iv) swap data repositories, (v)
survey designed to assess the condition should be emailed to MRAC_ intermediaries, (vi) market makers, (vii)
of the Nation’s rivers and streams. Submissions@cftc.gov or sent by hand service providers, (viii) end-users, (ix)
NRSA is a keystone program in delivery or courier to Alicia L. Lewis, academia, (x) public interest groups,
California that provides data for the MRAC Designated Federal Officer and and (xi) regulators. The MRAC has held
sradovich on DSK3GMQ082PROD with NOTICES

National Water Quality Inventory Special Counsel to Commissioner Rostin approximately 2–4 meetings per year.
Report to Congress (305(b) report) and Behnam, Commodity Futures Trading MRAC members serve at the pleasure of
fulfills the water quality criteria and Commission, Three Lafayette Centre, the Commission. In addition, MRAC
water quality monitoring requirements 1155 21st Street NW, Washington, DC members do not receive compensation
of the Clean Water Act. The CDFW 20581. Please use the title ‘‘Market Risk or honoraria for their services, and they
proposes to capture fish by boat, raft or Advisory Committee’’ for any are not reimbursed for travel and per
backpack electrofishing. Captured fish nominations or topics you submit. diem expenses.

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Document Created: 2018-03-15 02:37:53
Document Modified: 2018-03-15 02:37:53

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice; request for nominations and topic submissions.
Dates		The deadline for the submission of nominations and topics is March 29, 2018.
Contact		Alicia L. Lewis, MRAC Designated Federal Officer and Special Counsel to Commissioner Rostin Behnam at (202) 418-5862 or email: [email protected]
FR Citation		83 FR 11507