The CFTC released its agenda for the upcoming Global Markets Advisory Committee (“GMAC”) public meeting scheduled for October 9, 2014. The GMAC meeting will focus on issues related to clearing non-deliverable forwards (“NDFs”) and the digital currency, bitcoin.
The first panel will discuss whether a clearing mandate is appropriate for NDFs, with a particular focus on how such a mandate would impact foreign exchange contracts. The second panel will discuss the CFTC’s jurisdiction with respect to derivatives contracts that reference bitcoins.
See CFTC Press Release.