76 FR XXXX The CFTC adopted a final rule that creates a registration system for Foreign Boards of Trade that make their products available to U.S. customers by providing them with direct access to their electronic trading system. This rule will replace the existing process of staff-issued no action relief letters that FBOTs rely upon to provide direct access from the U.S. Under the new system, the CFTC will continue to consider whether the FBOT is subject to comparable, comprehensive supervision and regulation by the appropriate governmental authorities in the FBOT's home country Cross

ISDA Press Release ISDA and SIFMA filed a legal challenge to the CFTC's final rules that limit the positions that investors may own in certain commodities. The Associations believe that the Position Limits Rule may adversely impact commodities markets and market participants, including end-users, by reducing liquidity and increasing price volatility. In addition, the Associations contend that the CFTC's decision-making process in enacting the Rule was procedurally flawed. Among other deficiencies, the CFTC adopted the Rule without making findings as to the necessity and appropriateness of the

76 FR XXXX The CFTC is proposing rules that would establish a process for Designated Contract Markets and Swap Execution Facilities to make a swap "available to trade" as set forth in Section 2(h)(8) of the CEA pursuant to Section 723 of the Dodd-Frank Act. The proposed rules provide that DCMs and SEFs make the determination of when a swap has been made available to trade by considering seven enumerated factors, or any other factor that the DCM or SEF may view as relevant. The rules provide that the DCM or SEF may either certify the determination or seek approval under the Commission's part 40

76 FR XXXX The CFTC has adopted a final rule regarding the investment of customer funds by FCMs and DCOs that i) eliminates in-house transactions and repurchase agreements with affiliates (repos with third-parties are still allowed, subject to a 25% counterparty concentration limit); ii) eliminates foreign sovereign debt as a permitted investment; iii) limits investments in money market mutual funds based on a number of factors, and iv) and harmonizes Rule 30.7 with the investment limitations of Rule 1.25 and the concentration limits on various investments to promote portfolio diversification

11-07 The CFTC's Office of General Counsel issued a "no-action" letter in connection with the offer and sale in the United States of TAIFEX's futures contract based on the Gretai Securities Market Capitalized Weighted Stock Index Cross References: CEA Section 2(a); CFTC Rule 41.13; 17 CFR Part 30.