Exempt markets were exempted from most requirements of the CEA and most CFTC regulatory oversight prior to the Dodd-Frank Act. Exempt markets are not registered with, or designated, recognized, licensed or approved by the CFTC, and they are prohibited from representing that they are registered, designated, or recognized by the CFTC in any way.
Although the Dodd-Frank Act repealed the provision of the CEA, under which exempt markets operate, EBOTs and ECMs may continue to operate pursuant to the no-action relief granted in CFTC No-Action Letter 12-48 (December 11, 2012).
|Exempt Boards of Trade (EBOTs)||10||11||10||14||21||34|
|Exempt Commercial Markets (ECMs)||19||20||27||23||20||27|