CFTC Proposes To Codify Process For Terminating Relief For Foreign Futures Firms

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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.
United States Finance and Banking

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.

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