CFTC Market Risk Advisory Committee Examines Self-Certification Process

The CFTC Market Risk Advisory Committee met to discuss the self-certification process for listing new products on exchanges, particularly with regard to virtual currency futures products (see previous coverage). The meeting included CFTC officials, industry, members, and academics, and featured panels examining: (i) the statutory framework and regulatory process for self-certification of products, (ii) the tools for oversight and risk management of intermediaries and new products, (iii) the self-certification process from the perspective of designated contract markets ("DCMs") and designated clearing organizations ("DCOs"), and (iv) the regulatory, legal, and policy issues related to listing novel products.