Release: #4576-01
For release: October 25, 2001

CFTC Adopts Rules on Listing Standards and Conditions
for Trading Security Futures Products

Washington, D.C. -- The Commodity Futures Trading Commission (CFTC) announces the publication in the Federal Register of final rules relating to the trading of security futures products in the United States. These rules implement provisions of the Commodity Futures Modernization Act of 2000 (CFMA) that lift the 19-year ban on the trading of single-stock and narrow-based stock index futures in this country.

The final rules adopted by the CFTC relate to new statutory provisions enacted by the CFMA related to the specification of listing standards and conditions for trading security futures products. The rules also establish requirements related to the self-certification of rules and rule amendments, reporting of data, speculative position limits, and special provisions regarding the contract design for the cash settlement and physical delivery of security futures products.

The final rules will become effective upon publication in the Federal Register. Copies of the rules can be obtained by contacting the CFTC’s Office of the Secretariat, Three Lafayette Centre, 1155 21st Street, N.W., Washington, DC 20581, (202) 418-5100 or by accessing the CFTC’s website at