83 FR 30533 - Adaptation of Regulations to Incorporate Swaps; Correction

COMMODITY FUTURES TRADING COMMISSION

Federal Register Volume 83, Issue 126 (June 29, 2018)

On November 2, 2012, the Commodity Futures Trading Commission revised its rules. That document inadvertently failed to remove several obsolete provisions in the regulation. This document corrects the final regulations.

[Federal Register Volume 83, Number 126 (Friday, June 29, 2018)]
[Rules and Regulations]
[Pages 30533-30534]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-13256]


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COMMODITY FUTURES TRADING COMMISSION

17 CFR Part 1

RIN 3038-AD53


Adaptation of Regulations to Incorporate Swaps; Correction

AGENCY: Commodity Futures Trading Commission.

ACTION: Correcting amendments.

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SUMMARY: On November 2, 2012, the Commodity Futures Trading Commission 
revised its rules. That document inadvertently failed to remove several 
obsolete provisions in the regulation. This document corrects the final 
regulations.

DATES: Effective on June 29, 2018.

FOR FURTHER INFORMATION CONTACT: Jacob Chachkin, Special Counsel, 202-
418-5496, email: [email protected], Division of Swap Dealer and 
Intermediary Oversight, Commodity Futures Trading Commission.

SUPPLEMENTARY INFORMATION: In the Federal Register of November 2, 2012 
(77 FR 66287), the Commodity Futures Trading Commission published final 
rules adopting new regulations to implement particular provisions of 
the

[[Page 30534]]

Commodity Exchange Act, as added by the Dodd-Frank Wall Street Reform 
and Consumer Protection Act. That document inadvertently failed to 
remove several obsolete provisions in Sec.  1.33(a)(2) and (b)(3). 
Accordingly, the Commission is making a correcting amendment to Sec.  
1.33 that removes the second paragraph (a)(2)(ii), removes paragraph 
(a)(2)(v), and removes the introductory clause to paragraph (b)(3).

List of Subjects in 17 CFR Part 1

    Agricultural commodity, Agriculture, Brokers, Committees, Commodity 
futures, Conflicts of interest, Consumer protection, Definitions, 
Designated contract markets, Directors, Major swap participants, 
Minimum financial requirements for intermediaries, Reporting and 
recordkeeping requirements, Swap dealers, Swaps.

    Accordingly, 17 CFR part 1 is corrected by making the following 
correcting amendments:

PART 1--GENERAL REGULATIONS UNDER THE COMMODITY EXCHANGE ACT

0
1. The authority citation for part 1 continues to read as follows:

    Authority: 7 U.S.C. 1a, 2, 5, 6, 6a, 6b, 6c, 6d, 6e, 6f, 6g, 6h, 
6i, 6k, 6l, 6m, 6n, 6o, 6p, 6r, 6s, 7, 7a-1, 7a-2, 7b, 7b-3, 8, 9, 
10a, 12, 12a, 12c, 13a, 13a-1, 16, 16a, 19, 21, 23, and 24 (2012).

0
2. Amend Sec.  1.33 as follows:
0
a. Revise paragraph (a)(2); and
0
b. Revise paragraph (b)(3) introductory text.
    The revisions read as follows:


Sec.  1.33   Monthly and confirmation statements.

    (a) * * *
    (2) For each commodity option position and foreign option 
position--
    (i) All commodity options and foreign options purchased, sold, 
exercised, or expired during the monthly reporting period, identified 
by underlying futures contract or underlying commodity, strike price, 
transaction date, and expiration date;
    (ii) The open commodity option and foreign option positions carried 
for such customer or foreign futures or foreign options customer as of 
the end of the monthly reporting period, identified by underlying 
futures contract or underlying commodity, strike price, transaction 
date, and expiration date;
    (iii) All open commodity option and foreign option positions marked 
to the market and the amount each position is in the money, if any; and
    (iv) Any related customer funds carried in such customer's 
account(s) or any related foreign futures or foreign options secured 
amount carried in the account(s) of a foreign futures or foreign 
options customer.
* * * * *
    (b) * * *
    (3) A written confirmation of each commodity option transaction, 
containing at least the following information:
* * * * *

    Dated: June 15, 2018.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2018-13256 Filed 6-28-18; 8:45 am]
 BILLING CODE 6351-01-P