Regulatory Alerts2019-07-05 | 2019-13828Foreign Futures and Options Transactions
The Commodity Futures Trading Commission proposes amendments to 17 CFR Part 30 to codify the process for terminating exemptive relief granted to foreign entities offering futures and options to U.S. customers. The proposal adds a new paragraph to Regulation 30.10 that establishes specific grounds for termination, including material changes in foreign regulatory standards, public interest concerns, or inadequate information-sharing arrangements. The rule also mandates notice and an opportunity to respond for affected parties, sets timeframes for orderly account closure, and allows reapplication for relief 360 days after termination if deficiencies are cured.
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