United States: CFTC Unanimously Passes Final Rule Affecting Formulation, Amendment Or Repeal Of Commission's Rules And Regulations

On December 10, the U.S. Commodity Futures Trading Commission (CFTC) approved a final rule eliminating the provisions of the Commission's Regulations that established the formulation, amendment or repeal of its rules or regulations. The CFTC unanimously passed the final rule, with rule makers stating these provisions were unnecessary because the CFTC's rulemaking process is governed by the Administrative Procedure Act. Rule.

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