The CFTC Approves Part 40 Final Rule to Simplify and Enhance Rule and Product Submission Processes
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Release Number 8966-24
The CFTC Approves Part 40
Final Rule to Simplify and Enhance Rule and Product Submission
Processes
September 12, 2024
Washington, D. C. — The
Commodity Futures Trading Commission approved a final rule to amend
Part 40 of the CFTC’s regulations. The regulations in Part 40
implement Section 5c(c) of the Commodity Exchange Act and govern how
registered entities submit self-certifications, and requests for
approval, of their rules, rule amendments, and new products for
trading and clearing, as well as the CFTC’s review and processing of
such submissions.
The amendments are intended to clarify,
simplify and enhance the utility of the Part 40 regulations for
registered entities, market participants and the CFTC.
The
final rule is effective 30 days after publication in the Federal
Register. -CFTC-