Commission Rulemaking Explained

<!DOCTYPE html> <html lang="es" dir="ltr" prefix="content: http://purl.org/rss/1.0/modules/content/ dc: http://purl.org/dc/terms/ foaf: http://xmlns.com/foaf/0.1/ og: http://ogp.me/ns# rdfs: http://www.w3.org/2000/01/rdf-schema# schema: http://schema.org/ sioc: http://rdfs.org/sioc/ns# sioct: http://rdfs.org/sioc/types# skos: http://www.w3.org/2004/02/skos/core# xsd: http://www.w3.org/2001/XMLSchema# "> <head> <meta charset="utf-8" /> <meta name="Generator" content="Drupal 10 (https://www.drupal.org)" /> <meta name="MobileOptimized" content="width" /> <meta name="HandheldFriendly" content="true" /> <meta name="viewport" content="width=device-width, initial-scale=1.0" /> <link rel="icon" href="/sites/default/files/tabicon.png" type="image/png" /> <link rel="alternate" hreflang="en" href="https://www.cftc.gov/LawRegulation/CommissionRulemakingExplained/index.htm" /> <link rel="canonical" href="https://www.cftc.gov/LawRegulation/CommissionRulemakingExplained/index.htm" /> <link rel="shortlink" href="https://www.cftc.gov/node/221681" /> <title>Commission Rulemaking Explained | CFTC</title> <link rel="stylesheet" media="all" href="/sites/default/files/css/css_W5xx-Y-_BZCbxdY3hzly1-QTd8tCOuxCwcqbkkBB9K4.css?delta=0&language=es&theme=cftc&include=eJw9jVsOwzAIwC6UjSNVhJAK5cEGTFV7-raa1D_7x_7-5FgGNjbw2Dt78t2DB2R0TlSDwLkzhRyXNi4SagsSqRXRCQ-9q-kMniVl1fAw_EA1HLyptX9o7Zqxv-6PzPUEkxwwFQ" /> <link rel="stylesheet" media="all" href="https://cdn.jsdelivr.net/npm/entreprise7pro-bootstrap@3.4.4/dist/css/bootstrap.min.css" integrity="sha256-rkb3TxV+op/re9PNcPXo89gpo5wNk38HurVzvgOeGIA=" crossorigin="anonymous" /> <link rel="stylesheet" media="all" href="https://cdn.jsdelivr.net/npm/@unicorn-fail/drupal-bootstrap-styles@0.0.2/dist/3.1.1/7.x-3.x/drupal-bootstrap.min.css" integrity="sha512-nrwoY8z0/iCnnY9J1g189dfuRMCdI5JBwgvzKvwXC4dZ+145UNBUs+VdeG/TUuYRqlQbMlL4l8U3yT7pVss9Rg==" crossorigin="anonymous" /> <link rel="stylesheet" media="all" href="https://cdn.jsdelivr.net/npm/@unicorn-fail/drupal-bootstrap-styles@0.0.2/dist/3.1.1/8.x-3.x/drupal-bootstrap.min.css" integrity="sha512-jM5OBHt8tKkl65deNLp2dhFMAwoqHBIbzSW0WiRRwJfHzGoxAFuCowGd9hYi1vU8ce5xpa5IGmZBJujm/7rVtw==" crossorigin="anonymous" /> <link rel="stylesheet" media="all" href="https://cdn.jsdelivr.net/npm/@unicorn-fail/drupal-bootstrap-styles@0.0.2/dist/3.2.0/7.x-3.x/drupal-bootstrap.min.css" integrity="sha512-U2uRfTiJxR2skZ8hIFUv5y6dOBd9s8xW+YtYScDkVzHEen0kU0G9mH8F2W27r6kWdHc0EKYGY3JTT3C4pEN+/g==" crossorigin="anonymous" /> <link rel="stylesheet" media="all" href="https://cdn.jsdelivr.net/npm/@unicorn-fail/drupal-bootstrap-styles@0.0.2/dist/3.2.0/8.x-3.x/drupal-bootstrap.min.css" integrity="sha512-JXQ3Lp7Oc2/VyHbK4DKvRSwk2MVBTb6tV5Zv/3d7UIJKlNEGT1yws9vwOVUkpsTY0o8zcbCLPpCBG2NrZMBJyQ==" crossorigin="anonymous" /> <link rel="stylesheet" media="all" href="https://cdn.jsdelivr.net/npm/@unicorn-fail/drupal-bootstrap-styles@0.0.2/dist/3.3.1/7.x-3.x/drupal-bootstrap.min.css" integrity="sha512-ZbcpXUXjMO/AFuX8V7yWatyCWP4A4HMfXirwInFWwcxibyAu7jHhwgEA1jO4Xt/UACKU29cG5MxhF/i8SpfiWA==" crossorigin="anonymous" /> <link rel="stylesheet" media="all" href="https://cdn.jsdelivr.net/npm/@unicorn-fail/drupal-bootstrap-styles@0.0.2/dist/3.3.1/8.x-3.x/drupal-bootstrap.min.css" integrity="sha512-kTMXGtKrWAdF2+qSCfCTa16wLEVDAAopNlklx4qPXPMamBQOFGHXz0HDwz1bGhstsi17f2SYVNaYVRHWYeg3RQ==" crossorigin="anonymous" /> <link rel="stylesheet" media="all" href="https://cdn.jsdelivr.net/npm/@unicorn-fail/drupal-bootstrap-styles@0.0.2/dist/3.4.0/8.x-3.x/drupal-bootstrap.min.css" integrity="sha512-tGFFYdzcicBwsd5EPO92iUIytu9UkQR3tLMbORL9sfi/WswiHkA1O3ri9yHW+5dXk18Rd+pluMeDBrPKSwNCvw==" crossorigin="anonymous" /> <link rel="stylesheet" media="all" href="/sites/default/files/css/css_-H4bDKliJFxclfKsCDG3VttsPKwVYxz9TqnbzcVtwqo.css?delta=9&language=es&theme=cftc&include=eJw9jVsOwzAIwC6UjSNVhJAK5cEGTFV7-raa1D_7x_7-5FgGNjbw2Dt78t2DB2R0TlSDwLkzhRyXNi4SagsSqRXRCQ-9q-kMniVl1fAw_EA1HLyptX9o7Zqxv-6PzPUEkxwwFQ" /> <link rel="stylesheet" media="print" href="/sites/default/files/css/css_LyJmSGY2nfvExbvA_7gnJ_pLZwstDxwwQebhMW4Etsc.css?delta=10&language=es&theme=cftc&include=eJw9jVsOwzAIwC6UjSNVhJAK5cEGTFV7-raa1D_7x_7-5FgGNjbw2Dt78t2DB2R0TlSDwLkzhRyXNi4SagsSqRXRCQ-9q-kMniVl1fAw_EA1HLyptX9o7Zqxv-6PzPUEkxwwFQ" /> <link rel="stylesheet" media="all" href="/sites/default/files/css/css_3uwM9dllYl1N58ZWM5NCJ-8gbRaynu5osKlnAHPDsFg.css?delta=11&language=es&theme=cftc&include=eJw9jVsOwzAIwC6UjSNVhJAK5cEGTFV7-raa1D_7x_7-5FgGNjbw2Dt78t2DB2R0TlSDwLkzhRyXNi4SagsSqRXRCQ-9q-kMniVl1fAw_EA1HLyptX9o7Zqxv-6PzPUEkxwwFQ" /> <meta property="og:image" content="https://www.cftc.gov/sites/default/files/CFTC-OB-Photo-200113-Press-6.jpg" /> <meta name="twitter:image" content="https://www.cftc.gov/sites/default/files/CFTC-OB-Photo-200113-Press-6.jpg"> <meta name="format-detection" content="telephone=no"> </head> <body class="path-node page-node-type-page has-glyphicons"> <div class="current-page-path hidden">/es/node/221681</div> <a href="#main-content" class="visually-hidden focusable skip-link"> Skip to main content </a> <header class="navbar navbar-default container" id="navbar"> <div class="navbar-header"> <div class="region region-main-header"> <div class="branding"> <a class="logo navbar-btn pull-left" href="/es" title="Home" rel="home"> <img src="/sites/all/themes/cftc/images/Final-CFTC-Logo-Long.png" alt="Commodity Futures Trading Commission Logo" width="453" height="113"/> </a> <div class="nametag"> </div> </div> <section id="block-ham" class="block block-block-content block-block-content7d26a03f-f6b1-4866-b2a5-85a574661164 clearfix"> <div class="field field--name-body field--type-text-with-summary field--label-hidden field--item"><a href="#" id="hamburger-menu"><svg xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" width="39px" height="38px" viewBox="0 0 39 38" version="1.1" class="svg">  <title>icon-hamburger</title> <desc>Created with Sketch.</desc> <defs></defs> <g id="Mobile" stroke="none" stroke-width="1" fill="none" fill-rule="evenodd"> <g id="Mobile-Menu-Regular" transform="translate(-266.000000, -20.000000)"> <g id="Sticky-Header"> <g id="icon-hamburger" transform="translate(267.000000, 20.000000)"> <g id="hamburger" stroke="#bf2327" stroke-width="3" stroke-linecap="square"> <path d="M0.5,1 L36.5,1" id="line-1"></path> <path transform="translate(0, 8.000000)" d="M0.5,9 L36.5,9" id="line-2"></path> <path transform="translate(0, 16.000000)" d="M0.5,18 L36.5,18" id="line-3"></path> </g> <text id="Menu" font-family="HelveticaNeue, Helvetica Neue" font-size="14" font-weight="normal" fill="#FFFFFF"> <tspan x="0.86" y="33.5833324">Menu</tspan> </text> </g> </g> </g> </g> </svg></a></div> </section> <section id="block-headerlinks" class="block block-block-content block-block-content398770a1-6bff-4376-a6e8-dc823942bc4d clearfix"> <div class="field field--name-body field--type-text-with-summary field--label-hidden field--item"><div id="search-links"> <ul> <li><a href="/Transparency/index.htm">Transparency</a></li> <li><a href="/Contact/index.htm">Contact Us</a></li> </ul> </div> <style type="text/css">section#block-headerlinks { float: right; padding-top: 10px; margin-right: 4%; margin-left: 0; } </style> </div> </section> <section class="views-exposed-form block block-views block-views-exposed-filter-blocksolr-search-content-page-1 clearfix" data-drupal-selector="views-exposed-form-solr-search-content-page-1" id="block-exposedformsolr-search-contentpage-1"> <form action="/es/solr-search/content" method="get" id="views-exposed-form-solr-search-content-page-1" accept-charset="UTF-8"> <div class="form--inline form-inline clearfix"> <div class="form-item js-form-item form-type-textfield js-form-type-textfield form-item-keys js-form-item-keys form-group"> <label for="edit-keys" class="control-label">Search</label> <input data-drupal-selector="edit-keys" class="form-text form-control" type="text" id="edit-keys" name="keys" value="" size="30" maxlength="128" title="Search" data-toggle="tooltip" /> </div> <div data-drupal-selector="edit-actions" class="form-actions form-group js-form-wrapper form-wrapper" id="edit-actions"><button data-drupal-selector="edit-submit-solr-search-content" class="button js-form-submit form-submit btn-primary btn icon-before" type="submit" id="edit-submit-solr-search-content" value="Search"><span class="icon glyphicon glyphicon-search" aria-hidden="true"></span> Search</button></div> </div> </form> </section> <section id="block-socialmediablock" class="block block-block-content block-block-contentcd492e73-74c7-4fff-b808-2ed74425fc0f clearfix"> <div class="field field--name-body field--type-text-with-summary field--label-hidden field--item"><div id="social"><ul><li class="social-icon"><a href="http://www.cftc.gov/RSS/index.htm"><img class="rss-icon" src="/sites/all/themes/cftc/images/rss.png" alt="rss icon" width="30" height="30" loading="lazy"><img class="red-rss-icon" src="/sites/all/themes/cftc/images/red_rss.png" alt="red rss icon" width="31" height="31" loading="lazy"></a></li><li class="social-icon"><a href="http://www.cftc.gov/Contact/index.htm"><img class="email-icon" src="/sites/all/themes/cftc/images/mail.png" alt="email icon" width="30" height="30" loading="lazy"><img class="red-email-icon" src="/sites/all/themes/cftc/images/red_mail.png" alt="red email icon" width="31" height="31" loading="lazy"></a></li><li class="social-icon"><a href="http://www.cftc.gov/exit/index.htm?https://www.facebook.com/cftcgov" aria-label="facebook - new window"><img class="facebook-icon" src="/sites/all/themes/cftc/images/facebook.png" alt="facebook icon" width="30" height="30" loading="lazy"><img class="red-facebook-icon" src="/sites/all/themes/cftc/images/red_facebook.png" alt="red facebook icon" width="31" height="31" loading="lazy"></a></li><li class="social-icon"><a href="http://www.cftc.gov/exit/index.htm?https://twitter.com/cftc" aria-label="twitter - new window"><img class="twitter-icon" src="/sites/default/files/twitter-x_BLUE.png" alt="twitter icon" width="30" height="30" loading="lazy"><img class="red-twitter-icon" src="/sites/default/files/twitter-x_RED.png" alt="red twitter icon" width="31" height="31" loading="lazy"></a></li><li class="social-icon"><a href="http://www.cftc.gov/exit/index.htm?https://www.youtube.com/user/CFTC" aria-label="youtube - new window"><img class="youtube-icon" src="/sites/all/themes/cftc/images/youtube.png" alt="youtube icon" width="30" height="30" loading="lazy"><img class="red-youtube-icon" src="/sites/all/themes/cftc/images/red_youtube.png" alt="red youtube icon" width="31" height="31" loading="lazy"></a></li><li class="social-icon"><a href="http://www.cftc.gov/exit/index.htm?https://www.linkedin.com/company/commodity-futures-trading-commission" aria-label="linkedin - new window"><img class="linkedin-icon" src="/sites/all/themes/cftc/images/linkedin.png" alt="linkedin icon" width="30" height="30" loading="lazy"><img class="red-linkedin-icon" src="/sites/all/themes/cftc/images/red_linkedin.png" alt="red linkedin icon" width="31" height="31" loading="lazy"></a></li><li class="social-icon"><a href="http://www.cftc.gov/exit/index.htm?https://www.flickr.com/photos/cftc" aria-label="flickr - new window"><img class="flickr-icon" src="/sites/all/themes/cftc/images/flickr.png" alt="flickr icon" width="30" height="30" loading="lazy"><img class="red-flickr-icon" src="/sites/all/themes/cftc/images/red_flickr.png" alt="red flickr icon" width="31" height="31" loading="lazy"></a></li></ul></div><div style="display:none !important;"><img src="https://www.cftc.gov/sites/all/themes/cftc/images/icon-search.svg" alt="search icon" width="12" height="13" loading="lazy"></div></div> </section> </div> <div class="region region-navigation"> <nav role="navigation" aria-labelledby="block-cftc-main-menu-menu" id="block-cftc-main-menu"> <h2 class="visually-hidden" id="block-cftc-main-menu-menu">Main navigation</h2> <ul class="menu menu--main nav navbar-nav"> <li class="expanded dropdown"> <a href="/es/node/122391" class="dropdown-toggle">About the CFTC <span class="caret"></span></a> <ul class="dropdown-menu"> <li> <a href="/es/node/122406" data-drupal-link-system-path="node/122406">The Commission</a> </li> <li> <a href="/es/node/122261" data-drupal-link-system-path="node/122261">Chairman & Commissioners</a> </li> <li> <a href="/es/node/122401" data-drupal-link-system-path="node/122401">CFTC Organization</a> </li> <li> <a href="/es/node/121996" data-drupal-link-system-path="node/121996">Advisory Committees</a> </li> <li> <a href="/es/node/122451" data-drupal-link-system-path="node/122451">Budget & Performance</a> </li> <li> <a href="/es/node/222391" data-drupal-link-system-path="node/222391">Privacy at the CFTC</a> </li> <li> <a href="/es/node/239366" data-drupal-link-system-path="node/239366">Careers</a> </li> </ul> </li> <li class="expanded dropdown"> <a href="/es/node/186551" class="dropdown-toggle">Industry Oversight <span class="caret"></span></a> <ul class="dropdown-menu"> <li> <a href="/es/node/123376" data-drupal-link-system-path="node/123376">Industry Filings</a> </li> <li> <a href="/es/node/123196" data-drupal-link-system-path="node/123196">Trading Organizations</a> </li> <li> <a href="/es/node/123606" data-drupal-link-system-path="node/123606">Clearing Organizations</a> </li> <li> <a href="/es/node/123521" data-drupal-link-system-path="node/123521">Data Repositories</a> </li> <li> <a href="/es/node/123571" data-drupal-link-system-path="node/123571">Intermediaries</a> </li> <li> <a href="/es/node/123251" data-drupal-link-system-path="node/123251">Market Surveillance</a> </li> <li> <a href="/es/node/123041" data-drupal-link-system-path="node/123041">Contracts & Products</a> </li> <li> <a href="/es/node/123021" data-drupal-link-system-path="node/123021">Rules & Rule Amendments</a> </li> <li> <a href="/es/node/123141" data-drupal-link-system-path="node/123141">Anti-Money Laundering</a> </li> </ul> </li> <li class="expanded dropdown active"> <a href="/es/node/186556" class="dropdown-toggle">Law & Regulation <span class="caret"></span></a> <ul class="dropdown-menu"> <li> <a href="/es/node/128216" data-drupal-link-system-path="node/128216">Commodity Exchange Act & Regulations</a> </li> <li class="active"> <a href="/es/node/221681" data-drupal-link-system-path="node/221681" class="is-active" aria-current="page">How Rules Are Made</a> </li> <li> <a href="/es/node/236431" data-drupal-link-system-path="node/236431">Holding Wrongdoers Accountable</a> </li> <li> <a href="/es/node/126696" data-drupal-link-system-path="node/126696">Federal Register</a> </li> <li> <a href="https://comments.cftc.gov/PublicComments/ReleasesWithComments.aspx">Public Comments</a> </li> <li> <a href="/es/node/190281" data-drupal-link-system-path="node/190281">CFTC Staff Letters</a> </li> <li> <a href="/es/node/190491" data-drupal-link-system-path="node/190491">Office of Technology Innovation</a> </li> </ul> </li> <li class="expanded dropdown"> <a href="/es/node/186566" class="dropdown-toggle">Market Data & Economic Analysis <span class="caret"></span></a> <ul class="dropdown-menu"> <li> <a href="/es/node/218661" data-drupal-link-system-path="node/218661">Data at CFTC</a> </li> <li> <a href="/es/node/128971" data-drupal-link-system-path="node/128971">Commitments of Traders</a> </li> <li> <a href="/es/MarketReports/BankParticipationReports/index.htm" data-drupal-link-system-path="MarketReports/BankParticipationReports/index.htm">Bank Participation Reports</a> </li> <li> <a href="/es/MarketReports/CottonOnCall/index.htm" data-drupal-link-system-path="MarketReports/CottonOnCall/index.htm">Cotton On-Call</a> </li> <li> <a href="/es/node/128951" data-drupal-link-system-path="node/128951">Financial Data for FCMS</a> </li> <li> <a href="/es/node/134916" data-drupal-link-system-path="node/134916">Net Position Changes Data</a> </li> <li> <a href="/es/node/235496?combine=&tid=4116&year=all" data-drupal-link-query="{"combine":"","tid":"4116","year":"all"}" data-drupal-link-system-path="node/235496">Staff Reports</a> </li> <li> <a href="/es/node/132451" data-drupal-link-system-path="node/132451">Weekly Swaps Report</a> </li> <li> <a href="/es/node/134921" data-drupal-link-system-path="node/134921">Cleared Margin Reports</a> </li> <li> <a href="/es/node/122421" data-drupal-link-system-path="node/122421">Office of the Chief Economist</a> </li> </ul> </li> <li> <a href="/es/Forms/index.htm" data-drupal-link-system-path="node/186576">Forms & Submissions</a> </li> <li class="expanded dropdown"> <a href="/es/LearnAndProtect" class="dropdown-toggle">Learn & Protect <span class="caret"></span></a> <ul class="dropdown-menu"> <li> <a href="https://www.cftc.gov/LearnAndProtect">Fraud Center</a> </li> <li> <a href="/es/check" data-drupal-link-system-path="node/221781">Check Registration & Disciplinary History</a> </li> <li> <a href="/es/node/122681" data-drupal-link-system-path="node/122681">Submit a Tip or Complaint</a> </li> <li> <a href="/es/node/220616" data-drupal-link-system-path="node/220616">RED List</a> </li> <li> <a href="/es/node/122621" data-drupal-link-system-path="node/122621">Office of Proceedings</a> </li> <li> <a href="https://www.cftc.gov/learnandprotect/learningresources">Learning Resources</a> </li> <li> <a href="https://www.cftc.gov/es/learnandprotect/learningresources">Materiales Antifraude en Español</a> </li> </ul> </li> <li class="expanded dropdown"> <a href="/es/node/135036" class="dropdown-toggle">News & Events <span class="caret"></span></a> <ul class="dropdown-menu"> <li> <a href="/es/PressRoom/PressReleases" data-drupal-link-system-path="PressRoom/PressReleases">Press Releases</a> </li> <li> <a href="/es/PressRoom/SpeechesTestimony/index.htm" data-drupal-link-system-path="PressRoom/SpeechesTestimony">Public Statements & Remarks</a> </li> <li> <a href="/es/PressRoom/Events" data-drupal-link-system-path="PressRoom/Events">Events</a> </li> </ul> </li> </ul> </nav> <section id="block-frontpagecarouselrotation" class="block block-block-content block-block-content8d46ad56-817b-48a5-bddb-20daf79752d7 clearfix"> <div class="field field--name-field-carousel-rotation field--type-boolean field--label-above"> <div class="field--label">Carousel Rotation On</div> <div class="field--item">On</div> </div> </section> </div> </div> </header> <div role="main" class="main-container container js-quickedit-main-content"> <div class="row"> <div id="content-container"> <div class="col-sm-12" role="heading"> <div class="region region-header"> <div data-drupal-messages-fallback class="hidden"></div> </div> </div> <aside class="col-sm-3" role="complementary"> <div class="region region-sidebar-first"> <nav role="navigation" aria-labelledby="block-left-main-menu-menu" id="block-left-main-menu"> <h2 id="block-left-main-menu-menu">Law & Regulation</h2> <ul class="menu menu--main nav navbar-nav"> <li> <a href="/es/node/128216" data-drupal-link-system-path="node/128216">Commodity Exchange Act & Regulations</a> </li> <li class="active"> <a href="/es/node/221681" data-drupal-link-system-path="node/221681" class="is-active" aria-current="page">How Rules Are Made</a> </li> <li> <a href="/es/node/236431" data-drupal-link-system-path="node/236431">Holding Wrongdoers Accountable</a> </li> <li> <a href="/es/node/126696" data-drupal-link-system-path="node/126696">Federal Register</a> </li> <li> <a href="https://comments.cftc.gov/PublicComments/ReleasesWithComments.aspx">Public Comments</a> </li> <li> <a href="/es/node/190281" data-drupal-link-system-path="node/190281">CFTC Staff Letters</a> </li> <li> <a href="/es/node/190491" data-drupal-link-system-path="node/190491">Office of Technology Innovation</a> </li> </ul> </nav> </div> </aside> <section class="col-sm-7"> <a id="main-content"></a> <div class="region region-content"> <h1 class="page-header"> <span>Commission Rulemaking Explained</span> </h1> <article data-history-node-id="221681" about="/LawRegulation/CommissionRulemakingExplained/index.htm"> <div> <div class="field field--name-body field--type-text-with-summary field--label-hidden field--item"><p style="margin: 0in 0in 10pt;"><span style="font-size: 12pt;"><span style="line-height: 115%;"><span style="font-family: "Arial","sans-serif";">The CFTC’s mission is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation.  The Commission pursues that mission through rulemaking.  The Commission may promulgate, amend, or repeal rules based on statutory directives, discretionary objectives, or petitions for rulemaking submitted by the public.<a href="#_ftn1" name="_ftnref1" title=""><span style="font-size: 12pt;"><span style="line-height: 115%;"><span style="font-family: "Arial","sans-serif";">[1]</span></span></span></a>   The Commission’s authority to issue rules derives part from the Commodity Exchange Act and the Dodd-Frank Act.  </span></span></span></p> <p style="margin: 0in 0in 10pt;"><span style="font-size: 12pt;"><span style="line-height: 115%;"><span style="font-family: "Arial","sans-serif";"><strong>The Administrative Procedure Act (APA) sets forth the process for an agency to promulgate, amend, or repeal a rule.</strong>  The Commission follows the APA rulemaking process, which generally requires the Commission to provide notice to the public and seek comment before promulgating, amending, or repealing a rule.  As a result, in the normal course, the Commission proposes a rule in the form of a Notice of Proposed Rulemaking (NPRM), publishes it in the Federal Register for notice and comment, and then, as appropriate, issues a final rule that takes into account comments received.  In certain limited instances, the Commission may promulgate, amend, or repeal a rule without advance notice and request for comment, such as where an emergency exists or if the rule pertains to internal agency operations.  It is the Commission’s policy to make public on the Commission’s website substantive ex parte communications, both written and oral, that provide significant, material information addressed to the merits of a proposed rule.  It is also the Commission’s practice to make public on its website all ex parte meetings held on proposed rules, including the names and affiliations of attendees.  Details on how rulemakings may proceed are as follows:</span></span></span></p> <p style="margin: 0in 0in 10pt;"><b><span style="font-size: 12pt;"><span style="line-height: 115%;"><span style="font-family: "Arial","sans-serif";">Advance Notice of Proposed Rulemaking (ANPRM); Request for Comment; Concept Release</span></span></span></b><span style="font-size: 12pt;"><span style="line-height: 115%;"><span style="font-family: "Arial","sans-serif";">.  Before issuing an NPRM, the Commission sometimes conducts informational meetings and/or votes to publish an Advance Notice of Proposed Rulemaking (ANPRM), Request for Comment, or Concept Release in the Federal Register to obtain preliminary information and views about an issue.  These documents typically outline the issues of concern, potential approaches to addressing these issues, and ask a series of questions related to these issues for the public to comment on.  The Commission would take the public’s comments on an ANPRM, Request for Comment, or Concept Release into consideration to determine whether and how to proceed with an NPRM.  </span></span></span></p> <p style="margin: 0in 0in 10pt;"><b><span style="font-size: 12pt;"><span style="line-height: 115%;"><span style="font-family: "Arial","sans-serif";">NPRM</span></span></span></b><span style="font-size: 12pt;"><span style="line-height: 115%;"><span style="font-family: "Arial","sans-serif";">.  An NPRM sets forth the text of the proposed new or amended rules, along with an explanation of the issues or problems the NPRM is trying to address.  Once approved by the Commission, the Commission publishes the NPRM in the Federal Register with a request for comments on the issues addressed in the NPRM.  This gives members of the public an opportunity to provide views, data, or arguments regarding an agency’s proposed rule or rule amendments.  The comment period generally lasts between 30 and 60 days.  The public input on the NPRM is considered in determining whether and how to formulate a Final Rule.  </span></span></span></p> <p style="margin: 0in 0in 10pt;"><b><span style="font-size: 12pt;"><span style="line-height: 115%;"><span style="font-family: "Arial","sans-serif";">Final Rule</span></span></span></b><span style="font-size: 12pt;"><span style="line-height: 115%;"><span style="font-family: "Arial","sans-serif";">.  After the comment period for the NPRM ends, the Commission may issue a Final Rule that reflects the Commission’s consideration of the public comments.  The Final Rule may make changes to the NPRM based on commenters’ feedback.  Once approved by the Commission, the Commission publishes the Final Rule in the Federal Register with a date that the Final Rule becomes effective.  The effective date is the date when the public must comply with the new or amended rule; it is generally between 30 and 60 days from the date of publication in the Federal Register.  A Final Rule may also provide for delayed or phased-in compliance dates, to allow for a smooth transition to the new or amended rule.</span></span></span></p> <div align="center"> <div style="border: 3px solid black; padding: 10px;background-color: white; width:300px;"> <p align="left" style="background-color: white;">This information is provided as a service to the public. It is neither a legal interpretation nor a statement of Commission policy.</p> </div> </div> <div>  <hr align="left" size="1" width="33%" /> <div id="ftn1"> <p style="margin: 6pt 0in;"><span style="line-height: normal;"><a href="#_ftnref1"><span style="font-family: "Arial","sans-serif";"><span style="font-size: 10pt;"><span style="line-height: 115%;"><span style="font-family: "Arial","sans-serif";">[1]</span></span></span></span></a></span><span style="font-size: 10pt;"><span style="font-family: "Arial","sans-serif";"> Interested parties may petition the Commission to engage in rulemaking as set forth in part 13 of the Commission’s regulations.</span></span></p> </div> </div> </div> </div> </article> </div> </section> <div class="visible-xs" role="complementary"> <div class="region region-sidebar-first"> <nav role="navigation" aria-labelledby="block-left-main-menu-menu" id="block-left-main-menu"> <h2 id="block-left-main-menu-menu">Law & Regulation</h2> <ul class="menu menu--main nav navbar-nav"> <li> <a href="/es/node/128216" data-drupal-link-system-path="node/128216">Commodity Exchange Act & Regulations</a> </li> <li class="active"> <a href="/es/node/221681" data-drupal-link-system-path="node/221681" class="is-active" aria-current="page">How Rules Are Made</a> </li> <li> <a href="/es/node/236431" data-drupal-link-system-path="node/236431">Holding Wrongdoers Accountable</a> </li> <li> <a href="/es/node/126696" data-drupal-link-system-path="node/126696">Federal Register</a> </li> <li> <a href="https://comments.cftc.gov/PublicComments/ReleasesWithComments.aspx">Public Comments</a> </li> <li> <a href="/es/node/190281" data-drupal-link-system-path="node/190281">CFTC Staff Letters</a> </li> <li> <a href="/es/node/190491" data-drupal-link-system-path="node/190491">Office of Technology Innovation</a> </li> </ul> </nav> </div> </div> <aside class="col-sm-2" role="complementary"> </aside> </div> </div> </div> <footer class="footer container"> <div class="region region-footer"> <section id="block-footerblock" class="block block-block-content block-block-content1bf693f6-436f-4c72-90dc-c7858e77abf1 clearfix"> <div class="field field--name-body field--type-text-with-summary field--label-hidden field--item"><div id="footer-container"><div id="links"><div class="link-group"><h4>Resources</h4><ul><li><a href="http://www.ecfr.gov/cgi-bin/text-idx?gp=&SID=5dc23cf6b50574003213bb5505efda0e&mc=true&tpl=/ecfrbrowse/Title17/17chapterI.tpl" aria-label="CFTC Regulations from ECFR.gov">CFTC Regulations</a></li><li><a href="/LawRegulation/CommodityExchangeAct/index.htm">Commodity Exchange Act</a></li><li><a href="https://www.cftc.gov/websiteprivacypolicy">Privacy Policy</a></li><li><a href="https://www.cftc.gov/webpolicy/index.htm">Web Policy</a></li><li><a href="/FOI/index.htm">FOIA</a></li><li><a href="/About/EEO/EEO">EEO Resources</a></li><li><a href="/WebPolicy/EEONoFearAct/index.htm">No FEAR Act</a></li><li><a href="/About/EEO/AccessibilityStatement">Accessibility Statement</a></li><li><a href="/About/ProcurementOpportunities/index.htm">Procurement</a></li><li><a href="http://www.usa.gov/">USA.gov</a></li><li><a href="/ConsumerProtection/EducationCenter/CFTCGlossary/index.htm">Glossary</a></li></ul></div><div class="link-group"><h4>Actions</h4><ul class="link-list"><li><a href="http://comments.cftc.gov/PublicComments/ReleasesWithComments.aspx">Search Public Comments</a></li><li><a href="/ConsumerProtection/FileaTiporComplaint/index.htm">Submit Tips & Complaints</a></li><li><a href="/IndustryOversight/IndustryFilings/index.htm">Search Industry Filings</a></li><li><a href="https://www.whistleblower.gov/" aria-label="Whistleblower.gov link">Whistleblower.gov</a></li><li><a href="/OTI/index.htm">Office of Technology Innovation</a><br><a href="/About/OfficeoftheInspectorGeneral/index.htm">Inspector General</a></li></ul><h4><a href="/SiteMap/index.htm">Sitemap</a></h4></div></div><div id="contact"><div id="hq"><img class="footer-brand svg" src="/sites/all/themes/cftc/images/cftc-logo-big.svg" alt="Home" width="81" height="80" loading="lazy"><div class="address"><h4>CFTC Headquarters</h4><p>Three Lafayette Centre<br>1155 21st Street, NW<br>Washington, DC 20581<br>202.418.5000</p></div></div><div class="signup"><form action="https://service.govdelivery.com/accounts/USCFTC/subscriber/new"><div class="internal-button-input"><input class="primary-button" type="submit" value="Subscribe to CFTC Updates"></div></form></div></div></div><style type="text/css">.branding .nametag { display: none !important;} </style></div> </section> </div> </footer>  <script async src="https://www.googletagmanager.com/gtag/js?id=UA-21047137-1"></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'UA-21047137-1'); </script>  <script async type="text/javascript" src="https://dap.digitalgov.gov/Universal-Federated-Analytics-Min.js?agency=CFTC" id="_fed_an_ua_tag"></script> <script type="application/json" data-drupal-selector="drupal-settings-json">{"path":{"baseUrl":"\/","pathPrefix":"es\/","currentPath":"node\/221681","currentPathIsAdmin":false,"isFront":false,"currentLanguage":"es"},"pluralDelimiter":"\u0003","suppressDeprecationErrors":true,"ckeditorAccordion":{"accordionStyle":{"collapseAll":1,"keepRowsOpen":0,"animateAccordionOpenAndClose":1,"openTabsWithHash":1}},"bootstrap":{"forms_has_error_value_toggle":1,"modal_animation":1,"modal_backdrop":"true","modal_focus_input":1,"modal_keyboard":1,"modal_select_text":1,"modal_show":1,"modal_size":"","popover_enabled":1,"popover_animation":1,"popover_auto_close":1,"popover_container":"body","popover_content":"","popover_delay":"0","popover_html":0,"popover_placement":"right","popover_selector":"","popover_title":"","popover_trigger":"click","tooltip_enabled":1,"tooltip_animation":1,"tooltip_container":"body","tooltip_delay":"0","tooltip_html":0,"tooltip_placement":"auto left","tooltip_selector":"","tooltip_trigger":"hover"},"ajaxTrustedUrl":{"\/es\/solr-search\/content":true},"user":{"uid":0,"permissionsHash":"5f4b8baad19fc028d08cd86c9d294ad4e3ef4eeb68e08ba301cf337c62f986b9"}}</script> <script src="/sites/default/files/js/js_w7OEYvqthoqsFkNUjlzGkYAUcOAuOQdcpYwqhTN9Ook.js?scope=footer&delta=0&language=es&theme=cftc&include=eJxNzEEOgzAMRNELheZIUXCMZIEyljN00dODhIDu3vzFzAAHo3qebxUPLdaNSRbK26chYc5xZamBfeh2rRMqtJ8mWbUZEaWKIJqh50efJdCpvaXnNDscX42_QmCj-QGO9T1Y"></script> <script src="/modules/contrib/ckeditor_accordion/js/accordion.frontend.min.js?ss1jxx"></script> <script src="https://cdn.jsdelivr.net/npm/entreprise7pro-bootstrap@3.4.4/dist/js/bootstrap.min.js" integrity="sha256-s2mF6IU2LKN2I0gN2Yqb2+pv46Z7dnz4MSdUyZ/fAQ0=" crossorigin="anonymous"></script> <script src="/sites/default/files/js/js_p-LqPl0uhDaGw3vVhTdqPqk4VLX-mafX739SNqMKg_Q.js?scope=footer&delta=3&language=es&theme=cftc&include=eJxNzEEOgzAMRNELheZIUXCMZIEyljN00dODhIDu3vzFzAAHo3qebxUPLdaNSRbK26chYc5xZamBfeh2rRMqtJ8mWbUZEaWKIJqh50efJdCpvaXnNDscX42_QmCj-QGO9T1Y"></script> </body> </html>

CINXE.COM

Commission Rulemaking Explained | CFTC