Market regulation · 29/01/1996

Foreign Option Transactions

The Commodity Futures Trading Commission (Commission) is: confirming that the Part 30 Order issued on February 17, 1993 (the ``Initial Order'') to the Tokyo Grain Exchange (TGE) continues in effect subsequent to the merger on October 1, 1993 of the TGE with the Tokyo Sugar Exchange (TSE) with the TGE as the surviving entity; and allowing the option contract on the raw sugar futures contract traded on TGE to be offered or sold to persons located in the United States. This Order is issued pursuant to Commission rules 30.3 and 30.10, 17 CFR 30.3 and 30.10 (1995), which: granted an exemption to designated members of the Exchange from the application of certain of the Commission's foreign futures and option rules based on substituted compliance with comparable Japanese regulatory and self-regulatory requirements; and authorized options on U.S. soybean futures contracts traded on the TGE to be offered or sold in the United States, 58 FR 10953 (Feb. 23, 1993). By this Order, the Commission also acknowledges the substitution of the merged TGE as the party to several ongoing information sharing and financial intermediary recognition arrangements entered into with the former TGE, the Ministr