Contract Market Rule Review Procedures

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The Commodity Futures Trading Commission (``Commission'') is amending Regulation 1.41 to revise the Commission's requirements with respect to the number of copies of rule change proposals that an exchange must provide to the Commission. The Commission also is adopting amendments that would revise certain of the procedures and standards set forth in the Commission's expedited approval rules, Regulations 1.41(h) through 1.41(t), to reflect recent innovations by the exchanges as well as miscellaneous amendments to the procedural aspects of the expedited approval rules. Other proposed amendments include miscellaneous clarifying amendments to the Commission's Guideline No. 1.