[Code of Federal Regulations]
[Title 17, Volume 1]
[Revised as of April 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR1.44]

[Page 87-88]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER I--COMMODITY FUTURES TRADING COMMISSION
 
PART 1--GENERAL REGULATIONS UNDER THE COMMODITY EXCHANGE ACT--Table of Contents
 
Sec. 1.44  Records and reports of warehouses, depositories, and other similar entities; visitation of premises.

    Each contract market shall require the operators of warehouses, 
depositories and other similar entities whose receipts are deliverable 
in satisfaction of commodity futures contracts or options on physicals 
made on or subject to the rules of such contract market:
    (a) To keep records showing the stocks of each commodity traded for 
future delivery or upon which option contracts are traded on such 
contract market in store in such warehouses, depositories and other 
similar entities by kinds, by classes, and by grades, if stored under 
conditions requiring such designation or identification, and including 
also lots and parcels stored specially or separately or in specially 
leased space of the warehouse, depository or other similar entity;
    (b) Upon call from the Commission, to report the stocks of 
commodities in such warehouses, depositories and other similar entities 
and to furnish information concerning stocks of each

[[Page 88]]

commodity traded for future delivery or upon which option contracts are 
traded on such contract market about to be transferred or in the process 
of being transferred or otherwise moved into or out of such warehouses, 
depositories and other similar entities, as well as any other 
information concerning commodities stored in such warehouse, 
depositories and other similar entities and which are or may be 
available for delivery on futures contracts or options on physicals; and
    (c) To permit visitation of the premises and inspection of the books 
and records of such warehouses, depositories and other similar entities 
by duly authorized representatives of the Commission or the Department 
of Justice, and to keep all books, records, papers, and memoranda 
relating to the storage and warehousing of commodities in such 
warehouse, depository or other similar entity for a period of 5 years 
from the date thereof.

(Approved by the Office of Management and Budget under control number 
3038-0019)

(Sec. 5a, 49 Stat. 1497; 7 U.S.C. 7a)

[41 FR 3194, Jan. 21, 1976, as amended at 46 FR 63035, Dec. 30, 1981; 47 
FR 57009, Dec. 22, 1982]