February 22, 2000—The CFTC transmits to Congress a staff report, “A New Regulatory Framework,” which recommends changes to the CFTC’s regulatory structure. The report details changes that will lessen the regulatory burdens on U.S. futures markets by creating a more flexible regulatory framework. At the same time, the framework provides the over-the-counter (OTC) markets with greater legal certainty. Much of this framework will be incorporated into the Commodity Futures Modernization Act of 2000.
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