Release: 4054-97
For Release: September 19, 1997

CFTC Announces Availability of the International Regulation of Derivative Markets, Products and Financial Intermediaries and 1997 Status Report on Exchange-Traded Derivatives Markets in Emerging and Developing Countries

The Office of International Affairs (Office) of the Commodity Futures Trading Commission (CFTC) has announced the availability of the most recent edition of the International Regulation of Derivative Markets, Products and Financial Intermediaries. The report contains a description of various models or approaches to the regulation of derivative markets based upon regulatory summaries prepared pursuant to a common framework of analysis. Jurisdictions include: the United States, United Kingdom, France, Japan, Australia, Canada, Hong Kong, Chile, Sweden, New Zealand, Italy, Spain, Argentina, Germany, Malaysia, South Africa, China and Hungary. The report was compiled by the CFTC and the General Secretariat of the International Organization of Securities Commissions (IOSCO). In the future, IOSCO will compile, publish and update the report.

A copy of the report may be freely obtained at the IOSCO web site, located at www.iosco.org. The report also is available, for a fee, in printed format or on diskette. IOSCO will provide monthly updates at its web site or on diskette, but the printed version of the report will be updated only on an annual basis.

The Office also has announced the availability of the CFTC's 1997 Status Report on Exchange-Traded Derivatives Markets in Emerging and Developing Countries. The report was conceived as an attempt to provide a broad cross-section of readers an overview of selected economic, regulatory and exchange data with respect to exchange-traded derivatives in various nations. The CFTC included particular markets primarily based on whether they met the World Bank's definition of a low- or middle-income economy, although certain other countries were included as well. The report currently is available in printed format and soon will be available on diskette and at the CFTC web site at www.cftc.gov/oia/index.htm. For the printed version of the report, contact the CFTC Office of Public Affairs at (202) 418-5080.