The CFTC granted exemptions to five foreign futures and options markets to allow their member firms to accept U.S. customer funds for margining futures and options contracts without registering as futures commission merchants with the CFTC.
News & Insights
The CFTC Division of Swap Dealer and Intermediary Oversight provided temporary exemptive relief to non-U.S. introducing brokers that temporarily fail to register with the CFTC.
The National Futures Association ("NFA") reminded certain futures commission merchant ("FCM") and retail foreign exchange dealers ("RFED") that regulatory filings will be affected due to the Christmas and New Year's Day holidays. The NFA stated that any information filed after its due date by FCMs or RFEDs must be accompanied by a fee for every single business day that it is late.
The CFTC added 21 names to a list of foreign entities that are not registered with the CFTC. These entities are suspected of soliciting and accepting funds from U.S. retail investors for trading in binary options or foreign currency.
The CFTC Division of Swap Dealer and Intermediary Oversight reminded futures commission merchants and introducing brokers of their compliance requirements regarding suspicious activity reporting and economic sanctions programs.