[Federal Register: August 6, 2003 (Volume 68, Number 151)]
[Rules and Regulations]
[Page 46446]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr06au03-10]

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COMMODITY FUTURES TRADING COMMISSION

17 CFR Part 30


Foreign Futures and Options Transactions; Correction

AGENCY: Commodity Futures Trading Commission.

ACTION: Corrections to order.

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SUMMARY: This document contains corrections to the Order that was
published in the Federal Register of July 1, 2003 (68 FR 39006). The
Order, issued pursuant to Commission Rule 30.10, granted an exemption
to firms designated by the ASX Futures Exchange Proprietary Limited
("ASXF") from the application of certain of the Commission's foreign
futures and options rules based on substituted compliance with
Australia's comparable regulatory and self-regulator regime.

EFFECTIVE DATE: August 6, 2003.

FOR FURTHER INFORMATION CONTACT:
    Lawrence B. Patent, Esq., Deputy Director, Susan A Elliott, Esq.,
Staff Attorney, or Andrew V. Chapin, Esq., Staff Attorney, Division of
Clearing and Intermediary Oversight, Commodity Futures Trading
Commission, 1155 21st St., NW., Washington, DC 20581. Telephone: (202)
418-5430.

SUPPLEMENTARY INFORMATION:

Background

    Commission Rule 30.4 requires that persons that solicit or accept
orders, and funds related thereto, from customers located in the U.S.
for trading on futures exchanges located outside the U.S. must register
as futures commission merchants. Commission Rule 30.10 permits persons
to petition for exemption from any Part 30 rule. Under Rule 30.10, the
Commission has issued numerous orders to foreign futures exchanges that
petition, on behalf of their members, for relief from compliance with
the Commission's Part 30 rules based on the members' substituted
compliance with their home country regulatory framework. The
Commission's Order under Rule 30.10 as published in the Federal
Register incorrectly identified the order recipient, ASXF, as the ASX
Futures Exchange Party Limited. ASXF has informed the Commission that
the abbreviation "Pty" stands for "Proprietary" and not "Party."

Need for Correction

    As published, the Order contains errors that may be misleading and
need clarification.

Correction of Publication

    Accordingly, the publication on July 1, 2003 of an Order, which was
the subject of FR Doc. 03-16516, is correct as follows:
    On page 39006, in the first column, in the Summary, line 5, and in
the second column, in the Supplementary Information, second paragraph,
line 3, the word "Party" is corrected to read "Proprietary" in both
instances.

    Issued in Washington, DC, on July 30, 2003 by the Commission.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 03-19948 Filed 8-5-03; 8:45 am]
BILLING CODE 6351-01-M