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Proposed Rule

Regulatory Flexibility Agenda

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Information about this document as published in the Federal Register.

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Commodity Futures Trading Commission.


Semiannual regulatory agenda.


The Commodity Futures Trading Commission (Commission), in accordance with the requirements of the Regulatory Flexibility Act, is publishing a semiannual agenda of rulemakings that the Commission expects to propose or promulgate over the next year. The Commission welcomes comments from small entities and others on the agenda.

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Christopher J. Kirkpatrick, Secretary of the Commission, (202) 418-5964,, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581.

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The Regulatory Flexibility Act (RFA), 5 U.S.C. 601, et seq., includes a requirement that each agency publish semiannually in the Federal Register a regulatory flexibility agenda. Such agendas are to contain the following elements, as specified in 5 U.S.C. 602(a):

1. A brief description of the subject area of any rule that the agency expects to propose or promulgate, which is likely to have a significant economic impact on a substantial number of small entities;

2. A summary of the nature of any such rule under consideration for each subject area listed in the agenda, the objectives and legal basis for the issuance of the rule, and an approximate schedule for completing action on any rule for which the agency has issued a general notice of proposed rulemaking; and

3. The name and telephone number of an agency official knowledgeable about the items listed in the agenda.

Accordingly, the Commission has prepared an agenda of rulemakings that it presently expects may be considered during the course of the next year. Subject to a determination for each rule, it is possible as a general matter that some of these rules may have some impact on small entities.[1] The Commission notes also that, under the RFA, it is not precluded from considering or acting on a matter not included in the regulatory flexibility agenda, nor is it required to consider or act on any matter that is listed in the agenda. See 5 U.S.C. 602(d).

The Commission's spring 2016 regulatory flexibility agenda is included in the Unified Agenda of Federal Regulatory and Deregulatory Actions. The complete Unified Agenda will be available online at, in a format that offers users enhanced ability to obtain information from the Agenda database.

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Issued in Washington, DC, on April 5, 2016, by the Commission.

Robert N. Sidman,

Deputy Secretary of the Commission.

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Commodity Futures Trading Commission—Final Rule Stage

Sequence No.TitleRegulation Identifier No.
289Regulation Automated Trading3038-AD52

Commodity Futures Trading Commission—Completed Actions

Sequence No.TitleRegulation Identifier No.
290Trade Options3038-AE26


Final Rule Stage

289. Regulation Automated Trading

Legal Authority: 7 U.S.C. 1a(23), 7 U.S.C. 6c(a); 7 U.S.C. 7(d); and 7 U.S.C. 12(a)(5)

Abstract: On December 17, 2015, the Commission published a notice of proposed rulemaking titled Regulation Automated Trading (“Regulation AT”). Regulation AT proposes a series of risk controls, transparency measures and other safeguards to enhance the regulatory regime for automated trading on U.S. designated contract markets. The comment period is open through March 16, 2016. Staff will review comments and consider next steps for regulatory action in this area, including the possibility of a final rulemaking in one or more areas discussed in Regulation AT.


ActionDateFR Cite
ANPRM09/12/1378 FR 56542
ANPRM Comment Period End12/11/13
ANPRM Comment Period Extended01/24/1479 FR 4104
ANPRM Comment Period Extended End02/14/14
NPRM12/17/1580 FR 78824
NPRM Comment Period End03/16/16
Final Action08/00/16
Final Action Effective10/00/16

Regulatory Flexibility Analysis Required: Yes.

Agency Contact: Marilee Dahlman, Special Counsel, Division of Market Oversight, Commodity Futures Trading Commission, Three Lafayette Centre, Start Printed Page 374091155 21st Street NW., Washington, DC 20581, Phone: 202 418-5264, Email:

RIN: 3038-AD52


Completed Actions

290. Trade Options

Legal Authority: CEA secs 4(c)(b) and 8(a)(5)

Abstract: The Commission has amended the trade option exemption in 32.3 of its regulations in the following subject areas: (1) Reporting requirements for trade option counterparties that are not swap dealers or major swap participants; (2) recordkeeping requirements for trade option counterparties that are not swap dealers or major swap participants; and (3) certain technical amendments.


ReasonDateFR Cite
Final Action03/21/1681 FR 14966
Final Action Effective03/21/16

Regulatory Flexibility Analysis Required: Yes.

Agency Contact: David Pepper, Phone: 202 418-5565, Email:

RIN: 3038-AE26

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1.  The Commission published its definition of a “small entity” for purposes of rulemaking proceedings at 47 FR 18618 (April 30, 1982). Pursuant to that definition, the Commission is not required to list—but nonetheless does—many of the items contained in this regulatory flexibility agenda. See also 5 U.S.C. 602(a)(1). Moreover, for certain items listed in this agenda, the Commission has previously certified, under section 605 of the RFA, 5 U.S.C. 605, that those items will not have a significant economic impact on a substantial number of small entities. For these reasons, the listing of a rule in this regulatory flexibility agenda should not be taken as a determination that the rule, when proposed or promulgated, will in fact require a regulatory flexibility analysis. Rather, the Commission has chosen to publish an agenda that includes significant and other substantive rules, regardless of their potential impact on small entities, to provide the public with broader notice of new or revised regulations the Commission may consider and to enhance the public's opportunity to participate in the rulemaking process.

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[FR Doc. 2016-12930 Filed 6-8-16; 8:45 am]