The National Futures Association's Proposed Restriction on the Use of Hypothetical Trading Results in Promotional Materials

COMMODITY FUTURES TRADING COMMISSION

The National Futures Association's Proposed Restriction on the

Use of Hypothetical Trading Results in Promotional Materials

AGENCY: Commodity Futures Trading Commission.

ACTION: Extension of comment period.

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SUMMARY: On June 15, 1994, the Commodity Futures Trading Commission

(``Commission'') published in the Federal Register a request for public

comment on the National Futures Association's (``NFA's'') proposed

amendment and Interpretive Notice to its Compliance Rule 2-29. 59 FR

30776 (June 15, 1994). The proposal would establish restrictions on the

use of hypothetical trading results in promotional materials. The

original comment period expires on July 15, 1994.

By letter to the Commission dated July 11, 1994, the Managed

Futures Association (``MFA'') requested a thirty-three-day extension of

the comment period to August 17, 1994. The MFA indicated that it had

been meeting with its members frequently to consider the issues

presented by the NFA's proposal. The MFA further indicated that that

consultative process was continuing and that it believed that

significant responsive comments were being developed.

Acting pursuant to the authority delegated by Commission Regulation

140.96(b), the Director of the Division of Trading and Markets

(``Division'') has determined that an extension of the period for the

request for public comments on NFA's proposal is in the public interest

and will assist the Commission in considering the view of interested

persons. In order to ensure that all interested persons have an

adequate opportunity to submit meaningful comments, the Division, on

behalf of the Commission, is extending the comment period for an

additional thirty-three days.

DATES: The comment period will remain open through August 25, 1994.

ADDRESSES: Interested persons should submit their views and comments to

Jean A. Webb, Secretary, Commodity Futures Trading Commission, 2033 K

Street NW., Washington, DC 20581. Telephone: (202) 254-6314.

FOR FURTHER INFORMATION CONTACT: David P. Van Wagner, Special Counsel,

Division of Trading and Markets, Commodity Futures Trading Commission,

2033 K Street NW., Washington, DC 20581. Telephone: (202) 254-8955.

Issued in Washington, D.C. on July 15th, 1994 by the Commission.

Andrea M. Corcoran,

Director.

[FR Doc. 94-17698 Filed 7-20-94; 8:45 am]

BILLING CODE 6351-01-M