Concept Release on the Denomination of Customer Funds and the Location of Depositories

Riepilogo

The Commodity Futures Trading Commission (``Commission'') is publishing this release to obtain the views of the public on how to address risks related to holding segregated funds offshore or in foreign currencies. The Commission wishes to consider how to update and otherwise to revise existing regulatory standards to avoid inhibiting transnational commodity futures activities or causing undue costs or operational inconvenience, without increasing risks to market participants. This initiative is part of the Commission's recently adopted strategic plan, which includes ensuring ``sound financial practices of clearing organizations and firms holding customer funds'' and facilitating ``the continued development of an effective, flexible, regulatory environment responsive to evolving market conditions.'' 1 ---------------------------------------------------------------------------