[Code of Federal Regulations]
[Title 17, Volume 1]
[Revised as of April 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR38.5]

[Page 427-428]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER I--COMMODITY FUTURES TRADING COMMISSION
 
PART 38_DESIGNATED CONTRACT MARKETS--Table of Contents
 
Sec.  38.5  Information relating to contract market compliance.

    (a) Upon request by the Commission, a designated contract market 
shall file with the Commission such information related to its business 
as a contract market, including information relating to data entry and 
trade details, in the form and manner and within the time as specified 
by the Commission in the request.
    (b) Upon request by the Commission, a designated contract market 
shall file with the Commission a written demonstration, containing such 
supporting data, information and documents, in the form and manner and 
within such time as the Commission may specify, that the designated 
contract market is in compliance with one or more designation criteria 
or core principles as specified in the request, or that is requested by 
the Commission to enable the Commission to satisfy its obligations under 
the Act.
    (c) Delegation of authority. The Commission hereby delegates, until 
it orders otherwise, the authority set forth in paragraph (b) to the 
Director of the Division of Market Oversight or such other employee or 
employees as the Director may designate from time to time. The Director 
may submit to the Commission for its consideration any matter that has 
been delegated in this paragraph. Nothing in this paragraph prohibits 
the Commission, at its election, from exercising the authority delegated 
in this paragraph.
    (d) Upon a change of ownership of an existing designated contract 
market,

[[Page 428]]

the new owner shall file with the Secretary of the Commission at its 
Washington, DC, headquarters, a certification that the designated 
contract market meets all of the requirements of sections 5(b) and 5(d) 
of the Act and the provisions of this part 38.

[66 FR 42277, Aug. 10, 2001, as amended at 67 FR 62878, Oct. 9, 2002; 71 
FR 1964, Jan. 12, 2006]