Proposed Rules. Extension of comment period

Agency: Commodity Futures Trading Commission
Action: Extension of comment period
Citation: FR Doc. 2024-14610 · RIN 3038-AF14 · 17 CFR 40

Summary

On May 10, 2024, the Commodity Futures Trading Commission (“Commission” or “CFTC”) issued a notice of proposed rulemaking (“NPRM”) titled Event Contracts. The comment period for the NPRM was scheduled to close on July 9, 2024. The Commission is extending the comment period for the NPRM by an additional thirty days.

Dates

The comment period for the NPRM titled Event Contracts is extended through August 8, 2024.

Supplementary Information

On May 10, 2024, the Commission approved proposed amendments to its rules concerning event contracts in certain excluded commodities. 1 The proposed amendments would further specify types of event contracts that fall within the scope of section 5c(c)(5)(C) of the Commodity Exchange Act (“CEA”) and are contrary to the public interest, such that they may not be listed for trading or accepted for clearing on or through a CFTC-registered entity. Among other things, the proposed amendments would further specify the types of event contracts that involve “gaming.” In addition, the proposed amendments would further align the language of the Commission's event contract rules with the statutory text of CEA section 5c(c)(5)(C), and make certain technical changes to the rules in order to enhance clarity and organization. 1 See “CFTC to Hold a Commission Open Meeting May 10,” CFTC Rel. No. 8906-24, available at https://www.cftc.gov/PressRoom/PressReleases/8906-24. The NPRM was published on the Commission's website on May 10, 2024, and was made available for public comment through July 9, 2024, for a total comment period of 60 days. 2 The NPRM was subsequently published in the Federal Register on June 10, 2024. 3 The Commission is extending the comment period by an additional thirty days, until August 8, 2024, in order to allow interested persons additional time to analyze the proposal and prepare their comments. 2 See “CFTC Issues Proposal on Event Contracts,” CFTC Rel. No. 8907-24, available at https://www.cftc.gov/PressRoom/PressReleases/8907-24. 3 See Event Contracts, 89 FR 48968 (June 10, 2024). Issued in Washington, DC, on June 27, 2024, by the Commission. Christopher Kirkpatrick, Secretary of the Commission. Note: The following appendix will not appear in the Code of Federal Regulations. Appendix to Event Contracts (Extension of Comment Period)—Commission Voting Summary On this matter, Chairman Behnam and Commissioners Johnson, Goldsmith Romero, Mersinger, and Pham voted in the affirmative. No Commissioner voted in the negative. [FR Doc. 2024-14610 Filed 7-3-24; 8:45 am]