Notice to Members
Notice No. 68 02/19/2004
Amendments to COMEX Division Rule 4.46 - Reporting Requirements
The amendments to COMEX Division Rule 4.46, Reporting Requirements, which were approved by the Board of Directors, will become effective Monday, February 23, 2004. The revisions pertain to the EFP and EFS Rules as they apply to Clearing Members' manual submissions and attestations to the Exchange of customer identification. These changes will result in the Exchange's receipt of the parties to EFP and EFS transactions using the automated large trader methodology consistent with reporting methodology used by the CFTC. The CFTC presently collects EFS information but does not mandate that Clearing Members supply it. CFTC Staff have clarified that the Commission wants firms to report the EFS information and may eventually pass a regulation mandating that it be supplied to them. Rule Amendments can be found here.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com