RegAlert2007-06-18 | CFTC Staff Letter 07-11Added · Updated
CFTC Staff Letter 07-11: No-Action Relief for Eurex Deutschland's Dow Jones STOXX 600 and Mid 200 Index Futures
The CFTC Office of General Counsel grants Eurex Deutschland no-action relief to offer and sell its futures contracts based on the Dow Jones STOXX 600 and Dow Jones STOXX Mid 200 indices in the United States. The relief confirms that these contracts meet the criteria for non-narrow-based security indices and are not susceptible to manipulation, contingent on Eurex's continued compliance with German regulatory requirements. Additionally, the CFTC confirms that the no-action relief granted in the August 10, 1999 letter extends to allowing Eurex to make these specific futures contracts available for trading through the electronic trading terminals of its U.S. members.
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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. 07-11
June 18, 2007
No-Action
Office of General Counsel
Roberto Napoletani
Legal Counsel, Legal Affairs and Market Policy
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 Dow Jones STOXX 600 Index Futures Contract and its Dow Jones STOXX Mid 200 Index Futures Contract Dear Mr. Napoletani:
This letter is in response to letters, attachments, facsimiles and electronic mail dated from November 4, 2005 to May 4, 2007, 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 (“U.S.”) of Eurex’s futures contracts based on the Dow Jones STOXX 600 Index (“DJS 600”) and the Dow Jones STOXX Mid 200 Index (“DJSM 200”)(collectively, “Indices”). 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 is regulated by and subject to active market surveillance by German regulatory agencies, including the Exchange
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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
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CFTC published 6 documents in the last 30 days. We email you each new one the day it's published.