[Code of Federal Regulations]
[Title 17, Volume 1]
[Revised as of April 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR17.04]

[Page 322-323]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER I--COMMODITY FUTURES TRADING COMMISSION
 
PART 17_REPORTS BY FUTURES COMMISSION MERCHANTS, MEMBERS OF CONTRACT 
MARKETS AND FOREIGN BROKERS--Table of Contents
 
Sec.  17.04  Reporting omnibus accounts to the carrying futures 
commission merchant or foreign broker.

    (a) Any futures commission merchant, clearing member or foreign 
broker who establishes an omnibus account with another futures 
commission merchant or foreign broker shall report to that futures 
commission merchant or foreign broker the total open long positions and 
the total open short positions in each future of a commodity and, for 
commodity options transactions, the total open long put options, the 
total open short put options, the total open long call options, and the 
total open short call options for each commodity options expiration date 
and each strike price in such account at the close of trading each day. 
The information required by this section shall be reported in sufficient 
time to enable the futures commission merchant or foreign broker with 
whom the omnibus account is established to comply with part 17 of these 
regulations and reporting requirements established by the contract 
markets.
    (b) In determining open long and open short futures positions, and 
open purchased long and open granted short option positions, in an 
omnibus account for purposes of complying with Sec. Sec.  17.00(f), 
1.37(b) and 1.58 of this chapter, a futures commission merchant, 
clearing member or foreign broker shall total the open long positions of 
all traders and the open short positions

[[Page 323]]

of all traders in each future of a commodity and, for commodity options 
transactions, shall total the open long put options, the open short put 
options, the open long call options, and the open short call options of 
all traders for each commodity option expiration date and each strike 
price. The futures commission merchant, clearing member or foreign 
broker shall, if both open long and short positions in the same future 
or option are carried for the same trader, compute open long or open 
short positions as instructed in this paragraph.
    (1) Include both the total open long and the total open short 
positions of the trader if:
    (i) The positions represent transactions on a contract market which 
requires long and short positions in the same future or option held in 
accounts for the same trader to be recorded and reported on a gross 
basis; or
    (ii) The account is an omnibus account of another futures commission 
merchant or foreign broker; or
    (2) Include only the net long or net short positions of the trader 
if the positions represent transactions on a contract market which does 
not require long and short positions in the same future or option held 
in accounts for the same trader to be recorded and reported on a gross 
basis.

(Approved by the Office of Management and Budget under control number 
3038-0009)

[46 FR 63036, Dec. 30, 1981, and 47 FR 21028, May 17, 1982, as amended 
at 62 FR 24034, May 2, 1997; 69 FR 76400, Dec. 21, 2004]