Regulatory Alerts2020-11-24 | 2020-24659Commodity Futures Trading Commission Order Exempting NSE IFSC Member Firms from Certain Foreign Futures and Options Regulations
The Commodity Futures Trading Commission issued an order granting an exemption to member firms designated by the National Stock Exchange International Financial Service Centre Limited from certain U.S. foreign futures and options regulations. This relief permits substituted compliance with comparable Indian regulatory and self-regulatory requirements, covering areas such as registration, capital adequacy, and customer fund protection. The exemption applies only to brokerage activities for U.S. customers involving NSE IFSC products and requires firms to consent to U.S. jurisdiction and maintain information-sharing arrangements with the Commission.
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