CFTC Alert! CFTC Extends Public Comment Period on proposal to address the treatment of separate accounts of a single beneficial owner by futures commission merchants (FCMs) that are clearing members of derivatives clearing organizations.

r/Superstonk - CFTC Alert! CFTC Extends Public Comment Period on proposal to address the treatment of separate accounts of a single beneficial owner by futures commission merchants (FCMs) that are clearing members of derivatives clearing organizations.

CFTC is extending through June 30, 2023 the deadline for the public comment period on a proposal to address the treatment of separate accounts of a single beneficial owner by futures commission merchants (FCMs) that are clearing members of derivatives clearing organizations, consistent with the no-action position in CFTC Staff Letter 19-17. The letter was supplemented and extended by CFTC Staff Letter No. 20-28, and further extended by CFTC Staff Letters 21-29 and 22-11. [See CFTC Press Release No. 8676-23]

The proposal was published in the Federal Register on April 14, with a 60-day comment period scheduled to close on June 13.

The Commission provided the extension in response to a request by a commenter for an additional 17 days to analyze the proposal and consider its impact on FCMs, customers, and customers’ advisors, as well as different segments of FCMs’ businesses.

Comments may be submitted electronically through the CFTC Comments Portal. All comments received will be posted on the CFTC’s website.

CFTC Staff Letter 19-17