Regulatory Alerts2018-05-22 | 2018-10902Foreign Futures and Options Transactions
The Commodity Futures Trading Commission granted an exemption to member firms designated by the National Stock Exchange of India Ltd. from certain foreign futures and options regulations under substituted compliance with Indian regulatory requirements. This order relieves eligible firms from specific registration, disclosure, and financial reporting obligations provided they maintain comparable customer protection and oversight standards in India. The exemption applies only to brokerage activities for U.S. customers trading NSE products and requires firms to consent to U.S. jurisdiction and file specific representations with the National Futures Association.
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