May 13, 2010
CFTC’s Division of Clearing and Intermediary Oversight Publishes Guidance on the Application Procedure for a Regulation 30.10 Exemption
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced the publication of an informational and guidance document regarding the application procedure pursuant to CFTC Regulation 30.10. The document is now available at www.cftc.gov.
Regulation 30.10 generally provides that persons located and doing business outside the U.S. and who are subject to a comparable regulatory framework in the country in which they are located may qualify for an exemption from the application of certain Commission regulations, including relief from registration as a futures commission merchant. Appendix A to Part 30 of the CFTC’s Regulations generally outlines the procedure for a foreign regulator or self-regulatory organization seeking to obtain relief on behalf of a foreign broker subject to its oversight. As the operating division responsible for evaluating applications pursuant to Regulation 30.10, the Division of Clearing and Intermediary Oversight prepared and published a more detailed description of the information set forth in Appendix A. In particular, the guidance is intended to streamline the application process by informing prospective Regulation 30.10 applicants of the information generally requested by DCIO when evaluating applications for Regulation 30.10 relief.
For more information, please refer to the Guidance on the Foreign Markets, Products & Intermediaries subheading under the International tab of www.cftc.gov.
R. David Gary
Last Updated: May 13, 2010