RegAlert2006-03-14 | CFTC Staff Letter 06-06Added · Updated
CFTC Staff Letter 06-06: No-Action Relief for Eurex Deutschland's MDAX Futures Contracts
The CFTC Office of General Counsel grants no-action relief to Eurex Deutschland, permitting the offer and sale in the United States of its futures contract based on the MDAX Index. The Office determined that the contract meets the criteria of providing for cash settlement, not being readily susceptible to manipulation, and tracking an index that is not a narrow-based security index. This relief extends the terms of the August 10, 1999 foreign terminals no-action letter, allowing Eurex to make the contract available for trading through US members' electronic terminals. The position is contingent on Eurex's continued compliance with German regulatory requirements and its ability to share surveillance data with the CFTC.
CFTC published 6 documents in the last 30 days — get each new one by email the day it lands.
U.S. COMMODITY FUTURES TRADING COMMISSION
Three Lafayette Centre
1155 21st Street, NW, Washington, DC 20581
Telephone: (202) 418-5120
Facsimile: (202) 418-5524
Office of General Counsel
CFTC letter No. 06-06
March 14, 2006
No-Action
Office of General Counsel
Dr. Ekkehard Jaskulla
Head of Section, Legal Affairs and Membership
Section Markets and Regulatory
Eurex Deutschland
Neue Börsenstraße 1
60485 Frankfurt/Main
FEDERAL REPUBLIC OF GERMANY
Re: Eurex Deutschland’s Request for No-Action Relief in Connection with the Offer and Sale in the United States of its MDAX® Futures Contract Dear Dr. Jaskulla:
This letter is in response to letters, attachments, facsimiles and electronic mail dated from August 18, 2005 to November 23, 2005, requesting on behalf of Eurex Deutschland (“Eurex”) that the Office of General Counsel (“Office”) of the Commodity Futures Trading Commission (“Commission” or "CFTC") issue a “no-action” letter concerning the offer and sale in the United States (“US”) of Eurex’s futures contract based on the MDAX® Index (“MDAX®” or “Index”). We understand the facts to be as follows. Eurex is a futures and options exchange located in Frankfurt, Germany and operated by Eurex Frankfurt AG.1 Eurex
Read the rest free, and get an email when CFTC publishes again
Lineage: In force
Source: Commodity Futures Trading Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
More like this from CFTC
CFTC published 6 documents in the last 30 days. We email you each new one the day it's published.