Regulatory Alerts2016-08-05 | 2016-18210Exemption From Registration for Certain Foreign Persons
The Commodity Futures Trading Commission proposes to amend its regulations to simplify the registration exemption available to foreign intermediaries acting solely on behalf of persons located outside the United States or certain international financial institutions. The proposal removes the current requirement that commodity interest transactions be cleared through a registered futures commission merchant, focusing instead on the location of the intermediary's customers. This change aims to align regulatory relief with the Commission's policy of prioritizing consumer protection for domestic participants while reducing burdens on foreign entities serving exclusively international clients.
Share