In response to inquiries regarding the requirements of and permissions afforded recipients of relief under Section 30.10 of the CFTC's rules, the Market Participants Division (MPD) seeks to provide useful guidance on commonly-encountered situations.
Pursuant to CFTC Regulation 30.10, persons located outside the U.S., who are subject to a comparable regulatory framework in the country in which they are located, may seek an exemption from the application of certain Commission regulations, including those with respect to registration.
The standard Regulation 30.10 order issued to a foreign regulator or foreign exchange, permits approved foreign firms to solicit and accept orders from U.S. customers for otherwise permitted transactions on those exchanges located within the foreign regulator’s jurisdiction or subject to the rules of the foreign exchange, as appropriate, without having to register with the Commission. A foreign regulator or foreign exchange may petition the Commission to extend its Regulation 30.10 relief (i.e., “Extended relief”) to allow foreign firms subject to the comparable regulatory program to solicit and accept orders from U.S. customers for otherwise permitted transactions on any non-U.S. exchange authorized by local law or regulation.
The Market Participants Division directs individuals interested in learning more about the offering of foreign futures and options to the following Commission resources, which answer several common questions.
Please note that Regulation 30.10 orders typically become effective upon publication in the Federal Register.
For more information regarding this chart, please contact the Market Participants Division.
