Regulatory Alerts2020-11-24 | 2020-24662Exemption for Firms Designated by BSE Limited From Certain Foreign Futures and Options Regulations
The Commodity Futures Trading Commission granted an exemption to member firms designated by BSE Limited from certain Part 30 regulations based on substituted compliance with Indian regulatory requirements. This order relieves eligible firms from U.S. registration, specific disclosure, and recordkeeping obligations, provided they maintain comparable customer protection standards and cooperate with U.S. authorities. The exemption applies only to brokerage activities for U.S. customers trading BSE products and remains subject to suspension if regulatory conditions change.
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