On Aug. 5, FIA filed a comment letter with the U.S. Commodity Futures Trading Commission in response to the CFTC’s “Foreign Futures and Options Transactions” proposal. The proposal would codify the process by which the CFTC may terminate exemptive relief issued under CFTC Regulation 30.10 governing futures and options traded on non-US exchanges that are offered and cleared for US customers.
FIA’s letter generally supports the CFTC’s efforts to codify the process, but asks that the agency provide more robust notice of its intention to terminate the relief to market participants that rely on it.
