[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: 17CFR41.24]

[Page 465-466]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER I--COMMODITY FUTURES TRADING COMMISSION
 
PART 41_SECURITY FUTURES PRODUCTS--Table of Contents
 
   Subpart C_Requirements and Standards for Listing Security Futures 
                                Products
 
Sec.  41.24  Rule amendments to security futures products.

    (a) Self-certification of rules and rule amendments by designated 
contract markets and registered derivatives clearing organizations. A 
designated contract market or registered derivatives clearing 
organization may implement any new rule or rule amendment relating to a 
security futures product by submitting to the Commission at its 
Washington, DC headquarters, either in electronic or hard-copy form, to 
be received by the Commission no later than the day prior to the 
implementation of the rule or rule amendment, a filing that:
    (1) Is labeled ``Security Futures Product Rule Submission;'
    (2) Includes a copy of the new rule or rule amendment;
    (3) Includes a certification that the designated contract market or 
registered derivatives clearing organization has filed the rule or rule 
amendment with the Securities and Exchange Commission, if such a filing 
is required;
    (4) If the board of trade is a designated contract market pursuant 
to section 5 of the Act or is a registered derivatives clearing 
organization pursuant to section 5b of the Act, it includes the 
documents and certifications required to be filed with the Commission 
pursuant to Sec.  40.6 of this chapter, including a certification that 
the security futures product complies with the Act and rules thereunder; 
and
    (5) Includes a copy of the submission cover sheet in accordance with 
the instructions in appendix D of part 40.
    (b) Self-certification of rules by registered derivatives 
transaction execution facilities. Notwithstanding Sec.  37.7 of this 
chapter, a registered derivatives transaction execution facility may 
only implement a new rule or rule amendment relating to a security 
futures product if the registered derivatives transaction execution 
facility has certified the rule or rule amendment pursuant to the 
procedures of paragraph (a) of this section.

[[Page 466]]

    (c) Voluntary submission of rules for Commission review and 
approval. A designated contract market, registered derivatives 
transaction execution facility, or a registered derivatives clearing 
organization clearing security futures products may request that the 
Commission approve any rule or proposed rule or rule amendment relating 
to a security futures product under the procedures of Sec.  40.5 of this 
chapter, provided however that the registered entity shall include the 
certifications required by Sec.  41.22 with its submission under Sec.  
40.5 of this chapter. Notice designated contract markets may not request 
Commission approval of rules.

[66 FR 55083, Nov. 1, 2001, as amended at 69 FR 67507, Nov. 18, 2004]