The Commodity Futures Trading Commission has published for comment proposed revisions to the operating agreement of the Joint Audit Committee (JAC), composed of surveillance staff from various futures exchanges and the National Futures Association. Previous amendments were proposed to the JAC’s operating agreement in 2004, but were never adopted. The newly proposed amendments, available from the CFTC’s Office of the Secretariat, include changes to JAC governance procedures, membership criteria and information-sharing arrangements, as well as the criteria for designation as a designated self-regulatory organization.

The comment period for the proposed amendments closes on October 14.

http://www.cftc.gov/stellent/groups/public/@lrfederalregister/documents/file/e8-21114a.pdf