Regulatory Alerts2024-03-01 | 2024-04117Foreign Boards of Trade
The Commodity Futures Trading Commission proposes amending its Part 48 regulations to authorize registered foreign boards of trade to grant direct access to their electronic trading systems to U.S.-located introducing brokers. This amendment would create a new eligibility pathway for these brokers, provided that all customer orders are guaranteed by a registered futures commission merchant or exempt firm, and would concurrently establish a formal procedure for revoking foreign board registrations. The proposal also removes obsolete regulatory references to historical no-action relief letters that are no longer applicable.
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