The CFTC proposal 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 was published in the Federal Register. Comments must be received by August 5, 2019.
As previously covered, the proposal would amend CFTC Rule 30.10 ("Petitions for exemption") to codify the grounds on which the CFTC may terminate such relief, and would provide a process for non-U.S. regulators to use to respond to any such CFTC action.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
