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Federal Register / Vol. 77, No. 82 / Friday, April 27, 2012 / Rules and Regulations

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Federal Register / Vol. 77, No. 82 / Friday, April 27, 2012 / Rules and Regulations

PART 33—REGULATION OF
COMMODITY OPTION TRANSACTIONS
THAT ARE OPTIONS ON CONTRACTS
OF SALE OF A COMMODITY FOR
FUTURE DELIVERY

commodity for future delivery except
for commodity option transactions that
are options on contracts of sale of a
commodity for future delivery
conducted or executed on or subject to
the rules of a foreign board of trade.
*
*
*
*
*

4. The authority citation for part 33
continues to read as follows:

§ 33.4

■

Authority: 7 U.S.C. 1a, 2, 4, 6, 6a, 6b, 6c,
6d, 6e, 6f, 6g, 6h, 6i, 6j, 6k, 6l, 6m, 6n, 6o,
7, 7a, 7b, 8, 9, 11, 12a, 12c, 13a, 13a–1, 13b,
19, and 21, otherwise noted.

5. Revise the part heading to read as
set forth above.
■ 6. In § 33.2, revise paragraph (b) to
read as follows:

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■

§ 33.2 Applicability of Act and rules; scope
of part 33.

*

*
*
*
*
(b) The provisions of this part apply
to commodity option transactions that
are options on contracts of sale of a

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7. Amend § 33.4 as follows:
■ a. Remove the words ‘‘or for options
on physicals in any commodity
regulated under the Act,’’ in the
introductory text;
■ b. Remove and reserve paragraphs
(a)(4) and (a)(5)(iv);
■ c. Remove the phrase ‘‘or underlying
physical’’ from paragraph (b)(1)(iii); and
■ d. Remove the phrase ‘‘, options on
physicals,’’ from paragraph (d)(3).
■ 8. In § 33.7:
■ a. Amend paragraph (b) introductory
text by revising the second paragraph of
the Options Disclosure Statement;
■

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b. Remove the phrase ‘‘or underlying
physical commodity’’ wherever it
appears in paragraph (b)(1) including its
undesignated paragraphs;
■ c. Remove the phrase ‘‘(e.g.,
commitment to sell the physical)’’ from
the fourth undesignated paragraph
under paragraph (b)(1);
■ d. Revise the fifth undesignated
paragraph under paragraph (b)(1);
■ e. Remove the phrase ‘‘or physical
commodity’’ from paragraph (b)(2)
introductory text and paragraph (b)(2)(i);
■ f. Remove the phrase ‘‘or underlying
physical commodity’’ from paragraph
(b)(5) both times it appears;
■ j. Revise the undesignated paragraph
following paragraph (b)(5);
■ k. Remove the phrase ‘‘or underlying
physical commodity’’ from paragraph
(b)(6);
■ l. Remove the phrase ‘‘or the physical
commodity’’ and the phrase ‘‘or
underlying physical commodity’’ from
paragraph (b)(7)(ii);
■

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