[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: 17CFR8.05]

[Page 214]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER I--COMMODITY FUTURES TRADING COMMISSION
 
PART 8_EXCHANGE PROCEDURES FOR DISCIPLINARY, SUMMARY, AND MEMBERSHIP 
DENIAL ACTIONS--Table of Contents
 
                    Subpart B_Disciplinary Procedure
 
Sec.  8.05  Enforcement staff.


    (a) Each exchange shall establish an adequate enforcement staff 
which shall be authorized by the exchange to initiate and conduct 
investigations, to prepare reports incident to such investigations and 
to prosecute possible rule violations within the disciplinary 
jurisdiction of the exchange. The enforcement staff shall consist of 
employees of the exchange and/or persons hired on a contract basis. It 
may not include either members of the exchange or persons whose 
interests conflict with enforcement duties. When carrying out any 
responsibility under this part 8 or any rule adopted pursuant thereto, a 
member of the enforcement staff may not operate under the direction or 
control of any person or persons with trading privileges.
    (b) Each exchange is responsible for assuring the effective and 
diligent enforcement of all rules within its disciplinary jurisdiction, 
regardless of whether its enforcement staff consists of employees or 
persons hired on a contract basis.