Comment Text:
~1<1:1 We believe that these existing protections provide the framework to address the
Commission's very legitimate concern regarding effective regulation of interconnected
markets. The only additional step that we view as necessary to close any gaps in
regulation is to work towards the effective coordination of these protections between the
Commission, the Securities and Exchange Commission, and the regulated markets and
clearing entities operating in these markets. For example, the Commission may need
ready access to the LOPR reports on the Products, either on a regular or as-needed
basis. We believe that all the involved parties can work together to coordinate their
surveillance and regulatory activities in this area without the need for the imposition of
additional regulatory requirements.
We again thank you for the opportunity to comment on the Release. If you have
any questions on our comments, please do not hesitate to contact me.
Sj} Ii:-
Michael J. Simon
Secretary
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