Washington, DC — At an open meeting
today, the U.S. Commodity Futures Trading Commission approved one
final rule and two proposed rules.
Final Rule: Amendments to Part 13 of the Commission's
Regulations (Public Rulemaking Procedures)
The Commission unanimously approved a final rule amending Part
13 of its regulations to eliminate the provisions that establish
procedures for the formulation, amendment, or repeal of rules or
regulations. Because the Administrative Procedure Act (APA) governs
the CFTC's rulemaking process, the Commission believes it is
unnecessary to codify the rulemaking process in a CFTC regulation.
Part 13, as amended, is comprised solely of the procedure for
filing petitions for rulemakings, as the APA does not address this
process.
