CFTC Proposes to Codify Process for Terminating Relief for Foreign Futures Firms
The CFTC proposed amendments to CFTC Rule 30.10 ("Petitions for exemption") to codify the agency's process for terminating exemptive relief granted to non-U.S. firms to offer non-U.S. futures and options directly to U.S. customers. The proposed amendments would codify the grounds on which the CFTC may terminate such relief, and provide a process for non-U.S. regulators to use to respond to any such CFTC action.
Comments must be submitted within 30 days of publication of the proposal in the Federal Register.
Related Articles
-
The CFTC issued an Order authorizing members of an Indian Exchange to use U.S. customer funds in certain futures transactions without their having to register with the CFTC.
-
The CFTC granted an exemption to certain member firms of the Korea Exchange from being required to register as futures commission merchants.
-
The CFTC ordered a non-U.S. financial services firm to pay a $140,000 civil monetary penalty for providing services to two U.S. customers who were trading foreign futures and options contracts without being registered, or exempted from registration, as futures commission merchants under CFTC Rules.
