Market regulation · 16/01/1997

Proposed Rulemaking Concerning Contract Market Rule Review Procedures

On December 17, 1996, the Commodity Futures Trading Commission (``Commission'') published in the Federal Register a proposed rulemaking that would amend the Commission's procedures for reviewing contract market rules that do not relate to contract terms and conditions (61 FR 66241). The proposal would shorten the Commission's time frame for reviewing complex rules and streamline the review process so that rule changes generally could be deemed approved or be permitted to be put into effect without Commission approval. The comment period for the proposed rulemaking is scheduled to end on January 16, 1997. The Commission has determined, in this instance, to extend the comment period.