Feb 28 -- The Commodity Futures Trading Commission (CFTC or Commission) is requesting nominations for membership on the Global Market Structure Subcommittee, the Digital Asset Markets Subcommittee, and/or the Technical Issues Subcommittee (together, Subcommittees) under the Global Markets Advisory Committee (GMAC). The GMAC is a discretionary advisory committee established by the Commission in accordance with the Federal Advisory Committee Act. The deadline for the submission of nominations is March 14, 2023.
The purpose of the proposed Subcommittees would be to provide report(s) and/or recommendations to the GMAC that will identify and examine key issues that affect the integrity and competitiveness of U.S. markets and U.S. firms engaged in global business, including the regulatory challenges of a global marketplace that reflects the increasing interconnectedness of markets and the multinational nature of business, including for derivatives markets; and to assess and inform international standards through engagement with international policymakers and authorities in other jurisdictions, with a focus on global market structure, digital asset markets, and technical issues, respectively. The GMAC, in turn, would consider and discuss the report(s) and/or recommendations of each Subcommittee. Topics and issues the Subcommittees may consider include, but are not limited to, the following:
• Global Market Structure Subcommittee. Identifying and assessing key issues and policy proposals with an impact on global markets, including global market structure and access to markets.
• Digital Asset Markets Subcommittee. Identifying and assessing key issues and policy proposals with respect to digital asset markets, including digital finance and tokenization of assets, non-financial activities and Web3, and blockchain technology.
• Technical Issues Subcommittee. Identifying and assessing key issues and policy proposals with respect to technical requirements that apply to global markets, including financial market infrastructures, market participants, end-users, and service providers.
For individuals who are not serving on the GMAC currently, the Commission seeks nominations of individuals from a wide range of perspectives, including from industry, academia, the government, and public interest groups. To advise the GMAC effectively, members of each Subcommittee must have a high level of expertise and experience with the subject matter of the Subcommittee. To the extent practicable, the Commission will strive to select members reflecting wide ethnic, racial, gender, and age representation.
GMAC in FACAdatabase: https://www.facadatabase.gov/FACA/apex/FACAPublicCommittee?id=a10t0000001gzn2AAA