Regulatory Alerts2020-11-24 | 2020-24658Foreign Futures and Options Transactions
The Commodity Futures Trading Commission issued this order to amend and consolidate prior exemptive relief for Montreal Exchange designated firms soliciting foreign futures and options transactions from U.S. customers. The order updates regulatory conditions to reflect changes in Quebec law by substituting compliance with local customer fund segregation rules for the Commission’s previously required secured amount standard under Regulation 30.7. Eligible firms must maintain good standing under Quebec regulations, file written representations with the National Futures Association, and remain subject to Commission oversight, with relief immediately suspended upon material noncompliance or status changes.
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