Regulatory Alerts2020-11-24 | 2020-24660Foreign Futures and Options Transactions
The Commodity Futures Trading Commission granted an exemption to member firms designated by NZX Limited from certain U.S. foreign futures and options regulations based on substituted compliance with New Zealand regulatory requirements. This order relieves eligible firms from specific registration, disclosure, and capital adequacy rules provided they maintain comparable customer protection, recordkeeping, and information-sharing standards in New Zealand. The exemption applies only to brokerage activities for U.S. customers involving NZX products and remains subject to suspension or termination if public interest or regulatory comparability concerns arise.
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