CFTC Press Release 6153-11 Agenda The CFTC announced that the CFTC's Technology Advisory Committee will hold a public meeting on December 13, 2011. The meeting will focus on three significant issues facing the futures and swaps industries as the Commission continues to finalize rules under the Dodd-Frank Act. Those issues are: (1) what we can expect to see in the new trading environment of swap execution facilities; (2) defining, classifying, and observing high frequency traders and their impact on the markets; and (3) and interim recommendations from the Subcommittee on Data Standardization

CFTC Press Release 6156-11 Large Trader Reporting for Physical Commodity Swaps: Division of Market Oversight Guidebook for Part 20 Reports The CFTC's Division of Market Oversight today issued a Guidebook for Part 20 Reports providing additional guidance and detailed instructions for submitting large swaps trader reports to the Commission. On July 22, 2011, the Commission published a new Part 20 of the Commission's Regulations in the Federal Register that requires large trader reports for physical commodity swaps. The Guidebook includes a data dictionary for mapping data elements to a record

NFA Notice I-11-22 Amendments to the Interpretive Notice entitled NFA Compliance Rule 2-9: FCM and IB Anti-Money Laundering Program become effective on January 3, 2012. The amendments incorporate changes made by the Financial Crimes Enforcement Network to the regulations of the Bank Secrecy Act relating to suspicious activity reports, provide Members with additional guidance with respect to the annual training and independent audit requirements and make several other technical changes which conform the Notice to specific requirements in the BSA. Cross References: NFA Compliance Rule 2-9; NFA's

CFTC Press Release 6154-11 Order: Merrill Lynch Commodities, Inc. The CFTC announced that Merrill Lynch Commodities, Inc. (MLCI) agreed to pay a $350,000 civil monetary penalty to settle CFTC charges that it exceeded speculative position limits in Cotton No. 2 futures contracts in trading on the IntercontinentalExchange U.S. (ICE). According to the CFTC order, MLCI held net futures equivalent positions in Cotton No. 2 futures contracts in excess of CFTC speculative position limits on ICE over four consecutive days from January 31, 2011, through February 3, 2011. Cross References: Dodd Frank

Testimony of CFTC Chairman Gensler Chairman Gensler recites his standard testimony declaring that because three years ago the "the financial system failed, and the financial regulatory system failed as well," Dodd-Frank reform and greater CFTC resources are necessary. He also states that: "The CFTC is working to complete our rule-writing under the Dodd-Frank Act thoughtfully - not against a clock." The testimony also outlines the agency's phased-in implementation of the Act.