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federal_register: 2010-31014

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document_number title type abstract publication_date pub_year pub_month html_url pdf_url agency_names agency_ids excerpts regulation_id_numbers
2010-31014 Foreign Futures and Options Contracts on a Non-Narrow-Based Security Index; Commission Certification Procedures Proposed Rule Currently, a security index futures contract traded on, or subject to the rules of, a foreign board of trade may be offered or sold to persons located within the United States pursuant to a staff no-action letter confirming that the contract satisfies the requirements enumerated in Section 2(a)(1)(C)(ii) of the Commodity Exchange Act (the "CEA" or "Act"). The Commodity Futures Trading Commission ("Commission") is hereby proposing new requirements which would establish a Commission certification procedure applicable to the offer or sale, to persons in the U.S., of a security index futures contract traded on a foreign board of trade; the new certification procedure will replace the existing staff no-action process. Additionally, this proposed rule would establish a procedure for a foreign board of trade to request and receive a Commission certification on an expedited basis. Under this expedited procedure, a security index futures contract of qualifying foreign boards of trade could be offered or sold in the U.S. forty-five (45) days after submission of such request, absent a contrary action (or an extension of time) by the Commission. 2010-12-13 2010 12 https://www.federalregister.gov/documents/2010/12/13/2010-31014/foreign-futures-and-options-contracts-on-a-non-narrow-based-security-index-commission-certification https://www.govinfo.gov/content/pkg/FR-2010-12-13/pdf/2010-31014.pdf Commodity Futures Trading Commission 77 Currently, a security index futures contract traded on, or subject to the rules of, a foreign board of trade may be offered or sold to persons located within the United States pursuant to a staff no-action letter confirming that the contract satisfies...  

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