Commodity Futures Trading Commission

It oversees trade execution facilities and data repositories. including U. major swap participants and large traders. manipulation and other abuses concerning commodity derivatives and swaps that threaten market integrity. It monitors the clearing of futures. articles. including futures commission merchants. No more than three Commissioners at any one time may be from the same political party. Congress amended the Commodities Exchange Act and created the Commodity Futures Trading Commission (CFTC). reviews new exchange applications and examines existing exchanges to ensure compliance with applicable core principles. abusive practices and systematic risk related to derivatives that are subject to the Commodity Exchange Act and to adopt open. swap dealers. services. The CFTC is charged with the “authority to regulate futures trading in all goods. conducts surveillance. and which types of swaps should be cleared Enforcement (DOE) The Division of Enforcement investigates and prosecutes alleged violations of the Commodity Exchange Act and Commission regulations.S. Divisions: Clearing and Risk (DCR) The Division of Clearing and Risk oversees derivatives clearing organizations (DCOs) and other market participants in the clearing process. derivatives exchanges and the National Futures Association (NFA). capital adequacy. Swap Dealer and Intermediary Oversight (DSIO) The Division of Swap Dealer and Intermediary Oversight oversees the registration and compliance of intermediaries and futures industry self-regulatory organizations (SROs). and swaps by DCOs. designates one of the Commissioners to serve as Chairman. options on futures. business conduct standards. DCR also makes recommendations on DCO applications and eligibility. The President. rights. with the consent of the United States Senate. rule submissions. assesses DCO compliance with Commission regulations.Origin: In 1974. DMO also evaluates new products to ensure they are not susceptible to manipulation as well as rule filings by exchanges to ensure compliance with core principles. and conducts risk assessment and surveillance. DSIO also will be responsible for developing and monitoring compliance with regulations addressing registration. manipulation. Market Oversight (DMO) The Division of Market Oversight fosters derivatives markets that accurately reflect the forces of supply and demand and are free of disruptive activity. competitive and financially sound market The Organization: The CFTC consists of five commissioners appointed by the President and confirmed by the Senate to serve staggered five-year terms. market participants and the general public. and interests traded for future delivery” Mission: The CFTC’s mission is to protect market users and the public from fraud. Under DoddFrank. Potential violations include fraud. and margin requirements for swap dealers and major swap participants .

GPO Access website http://ecfr.S.htm .Wetjen CFTC Regulations:  CFTC regulations are found at Title 17 Chapter I of the code of Federal Regulations (CFR) and are available at the U.tpl Prior to declaration and inclusion in the CFR.gpoaccess. Sommers Bart Chilton Scott D O’Malia Mark P. Futures Exchange Kansas City Board of Trade Minneapolis Grain Exchange New York Mercantile Exchange New York Board of Trade OneChicago Source: five commissioners are:      Chairman Gary Gensler Jill _02. CFTC proposed and final regulations are published in the Federal Register  CFTC Committees:      Agriculture Advisory Committee Global Market Advisory committee Energy and Environmental Market Advisory Committee Technology Advisory Committee CFTC-SEC Joint Advisory Committee Primary exchanges monitored:           Chicago Board Options Exchange Chicago Board of Trade Chicago Mercantile Exchange HedgeStreet U.cftc.