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Regulacje rynkowe · 2.10.1995

Section 4(c) Contract Market Transactions

Pursuant to section 4(c) of the Commodity Exchange Act, the Commission is promulgating final rules to exempt certain contract market transactions from specified requirements of the Commodity Exchange Act, 7 U.S.C. 1 et seq. (``CEA'' or ``Act''), and Commission regulations thereunder. The Commission proposed these rules after considering the public comments on petitions for exemptive relief submitted by the Chicago Mercantile Exchange (``CME'') and by the Board of Trade of the City of Chicago (``CBT''). Based upon its consideration of the comments received in response to its Notice of Proposed Rulemaking, and upon its independent analysis, the Commission is promulgating final rules establishing a three-year pilot program to permit certain transactions to trade on section 4(c) contract markets exempt from specified requirements of the Act and Commission rules. The Commission believes that permitting, on a pilot basis, the trading of this new class of contract market transaction, which can be offered only to specified categories of individuals or entities, is in the public interest. The final rules will permit these exchange-traded products greater flexibility in competing with foreig

Source: Federal Register — CFTCOpen original release →