Federal Register #RIN 3038AF74

CFTC Proposed Rule Change for Whistleblower Award Determination

This notice from the Commodity Futures Trading Commission (CFTC) proposes regulatory amendments to its whistleblower award rules: - Government Buyer: - Commodity Futures Trading Commission (CFTC) - Whistleblower Office, Office of the General Counsel - No OEMs, vendors, or commercial products are referenced, as this is a regulatory rulemaking notice - Proposed Rule Changes: - Introduces a presumption that whistleblower awards of $5 million or less will be set at the statutory maximum of 30%, unless negative factors apply - Aligns CFTC whistleblower award process with the Securities and Exchange Commission (SEC) approach - Aims to improve efficiency, transparency, and predictability in claims processing - Seeks to reduce processing delays, encourage timely reporting, and conserve agency resources - No procurement of goods or services is requested; this is a request for public comment on regulatory changes - No product or service line items, part numbers, or purchase quantities are included

Description

The Commodity Futures Trading Commission (CFTC) is proposing amendments to its rules implementing a section of the Commodity Exchange Act (CEA). The proposed changes aim to improve the efficiency, transparency, and predictability of whistleblower claims processing, including technical corrections reflecting the move of the Whistleblower Office to the Office of the General Counsel in 2025. The rule proposes that eligible whistleblowers who voluntarily provide original information about violations of the CEA that lead to enforcement actions may be eligible for awards under regulations prescribed by the Commission. The amendments are modeled on similar SEC provisions to enhance the program's effectiveness in incentivizing whistleblowers to report.

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