{"abstract":"The Commodity Futures Trading Commission (\"Commission\") hereby amends Commission Regulation 1.59, which addresses various trading prohibitions imposed on persons associated with a self- regulatory organization (\"SRO\"). Regulation 1.59 requires SROs to adopt rules prohibiting employees, governing board members, and committee members from certain trading activities and from improperly disclosing any material, non-public information obtained in the course of their official duties. The Commission is now amending Regulation 1.59 so that governing board members and committee members, and individuals serving as the \"functional equivalent\" of such members, are clearly excluded from the definition of \"employee\" for purposes of Regulation 1.59. The Commission also takes this opportunity to clarify the meaning of Regulation 1.59(b)(1)(i) regarding the scope of the SRO employee trading prohibition, and to make clear that \"non-paid advisors\" to exchange governing boards and committees will be deemed the \"functional equivalent\" of whomever they are advising. Finally, the Commission has determined to amend Regulation 1.59 so that consultants to SROs are, at minimum, subject to the same restrictions as governing board members.","action":"Final rulemaking.","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2000/08/04/00-19443.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"1","title":17}],"citation":"65 FR 47843","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"December 4, 2000.","disposition_notes":null,"docket_ids":[],"dockets":[],"document_number":"00-19443","effective_on":null,"end_page":47847,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2000/08/04/00-19443.xml","html_url":"https://www.federalregister.gov/documents/2000/08/04/00-19443/final-rules-concerning-amendments-to-insider-trading-regulation","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/00-19443?publication_date=2000-08-04","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2000-08-04/00-19443/mods.xml","not_received_for_publication":null,"page_length":5,"page_views":{"count":83,"last_updated":"2026-07-28 04:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2000-08-04/pdf/00-19443.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"2000-08-04","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2000/08/04/00-19443.txt","regulation_id_number_info":{"3038-AB35":{"issue":"200004","html_url":"https://www.federalregister.gov/regulations/3038-AB35/insider-trading-regulation-1-59","title":"Insider Trading--Regulation 1.59","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=200004&RIN=3038-AB35&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["3038-AB35"],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2011-11-12T03:05:32Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":47843,"subtype":null,"title":"Final Rules Concerning Amendments to Insider Trading Regulation","toc_doc":"Insider trading regulations","toc_subject":"Commodity Exchange Act:","topics":["Commodity futures"],"type":"Rule","volume":65}