Regulatory Alerts2017-09-29 | 2017-20924Commission Delegated Authority Provisions for Designated Contract Markets' System Safeguards Requirements
The Commodity Futures Trading Commission adopted final rules to delegate authority to the Director of the Division of Market Oversight to notify designated contract markets of their percentage of total annual trading volume. This delegation streamlines the process for determining whether a market qualifies as a covered designated contract market subject to enhanced cybersecurity testing and independent contractor requirements. The rule amends 17 CFR 38.1051 to allow staff to perform this notification function previously reserved for the Commission itself.
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