On April 25, the Commodity Futures Trading Commission published in the Federal Register a Request for Input about potential prize competitions designed to further various CFTC initiatives, including LabCFTC. (For a complete discussion of LabCFTC, please refer to the May 19, 2017 edition of Corporate & Financial Weekly Digest.)
Under the Science Prize Competition Act, the CFTC has the authority to award competition prizes to stimulate innovations that have the potential to advance the CFTC’s mission. The CFTC is requesting feedback on potential competition topics as well as on the structure and administration of its prize competitions, including issues related to competition eligibility requirements and judge selection criteria. Competition topics initially identified by the CFTC include enhancing market transparency and oversight, systemic risk analysis and improving accessibility to CFTC regulations. Comments must be received by the CFTC on or before July 24.
A copy of the Federal Register release is available here.