Contract market proposals: London Clearing House Ltd.— Swap agreements clearing facilities (SwapClear); U.S. dollars, etc.,

 
CONTENT

[Federal Register: September 14, 1998 (Volume 63, Number 177)]

[Notices]

[Page 49094]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr14se98-39]

[[Page 49094]]

COMMODITY FUTURES TRADING COMMISSION

Petition of the London Clearing House Limited for Exemption Pursuant to Section 4(c) of the Commodity Exchange Act

AGENCY: Commodity Futures Trading Commission.

ACTION: Extension of comment period on petition for exemption.

SUPPLEMENTARY INFORMATION: The Commodity Futures Trading Commission (Commission) published for comment on July 7, 1998 (63 FR 36657), a petition submitted by the London Clearing House Limited (LCH) requesting an exemption, pursuant to Section 4(c) of the Commodity Exchange Act, in connection with LCH's proposed provision of clearing services for certain swap agreements. Comments on LCH's petition were due by September 8, 1998. In response to a request by the International Swaps and Derivatives Association, Inc., the Commission has determined to extend the comment period for an additional 15 days. The extended deadline for comments on the LCH petition is September 23, 1998. The Commission believes that this extension should give all parties sufficient time to consider and comment upon the LCH petition and will look with disfavor upon any further requests for an extension of the comment period.

Any person interested in submitting comments on the LCH petition should submit them by the specified date to Jean A. Webb, Secretary, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, N.W., Washington, DC 20581. In addition, comments may be sent by facsimile transmission to facsimile number (202) 418-5521, or by electronic mail to secretary@cftc.gov.

Copies of the LCH petition are available for inspection at the Office of the Secretariat at the above address. Copies also may be obtained through the Office of the Secretariat at the above address or by telephone at (202) 418-5100 or on the Commission's Internet web site (http://www.cftc.gov).

DATES: Comments must be received on or before September 23, 1998.

FOR FURTHER INFORMATION: Thomas E. Joseph, Attorney Adviser, Division of Trading and Markets, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW., Washington, DC 20581. Telephone (202) 418-5430.

Issued in Washington, DC on September 8, 1998 by the Commodity Futures Trading Commission. Jean Webb, Secretary of the Commission.

[FR Doc. 98-24574Filed9-11-98; 8:45 am]

BILLING CODE 6351-01-M