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U.S. comment letter on suspension or disbarment from appearance and practice

Published on: Nov 25, 2014

De­loitte LLP com­ments on the Commodity Futures Trading Commission’s (CFTC) proposed rule, “Proceedings before the Commodity Futures Trading Commission; Rule Relating to Suspension or Disbarment from Appearance and Practice, issued by the CFTC on October 23, 2014.

An excerpt from the comment letter is shown below:

Deloitte supports the CFTC’s proposal, which we agree is consistent with existing professional standards for accountants. We welcome the clarification of the “unethical or improper professional conduct” standard in Section 14.8 of the CFTC’s regulations. We believe that the CFTC’s proposal would provide reasonable standards that apply to accountants practicing before it, which are consistent with notions of fundamental fairness. We also support the CFTC’s decision to seek regulatory consistency by adoption a definition that is identical to the definition provided under Rule 102(e) of the Rules of Practice of the U.S. Securities and Exchange Commission.

Full text of the comment letter is avail­able below.


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