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Comment for Proposed Rule 76 FR 25274

  • From: Hal Scott
    Organization(s):
    Committee on Capital Markets Regulation

    Comment No: 45723
    Date: 6/13/2011

    Comment Text:

    June 10, 2011

    The Honorable Gary Gensler
    Chairman
    Commodity Futures Trading Commission
    Three Lafayette Centre
    1155 21st Street NW
    Washington, DC 20581

    Re: Implementation of Title VII of the Dodd-Frank Act

    Dear Chairman Gensler:

    The Committee on Capital Markets Regulation is currently preparing recommendations for how to implement the final derivatives rules for Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act.1

    We appreciate that the Commodity Futures Trading Commission recently paused the rulemaking process to give the public a chance to comment on all of the proposed rules2 and provided additional time for comment on implementation. Unfortunately the time period for public comments was not long enough to work through this very complicated issue.

    We are hard at work and anticipate sending you our recommendations within two weeks. We hope the CFTC will take them into account before reaching a decision.

    Sincerely,

    Hal S. Scott
    President & Director
    Committee on Capital Markets Regulation

    cc: Michael Dunn, Commissioner, Commodity Futures Trading Commission
    Jill E. Sommers, Commissioner, Commodity Futures Trading Commission
    Bart Chilton, Commissioner, Commodity Futures Trading Commission
    Scott D O’Malia, Commissioner, Commodity Futures Trading Commission
    David A. Stawick, Secretary, Commodity Futures Trading Commission

    1 Pub. L. No. 111-203, 124 Stat. 1376.
    2 Reopening and Extension of Comment Periods for Rulemakings Implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act, 76 Fed. Reg. 25,274 (May 4, 2011).

AttachmentEdit
45723HalScott.pdf