In its notification, a FBOT need only to submit a copy of the initial terms and conditions of the additional contracts and a certification that it is in compliance with the terms and conditions of its no-action letter and that the additional contracts will be traded in accordance with those terms and conditions. The notification procedure does not apply to futures and option contracts that are covered by section 2(a)(1)(C)(ii) of the Commodity Exchange Act, which delineates jurisdiction between the Securities and Exchange Commission and the Commission for certain products. FBOTs continue to be required to seek and receive written supplemental no-action relief from Commission staff prior to offering these contracts through U.S.-located trading systems. The Notice, which is effective immediately, rescinds the “Statement of Policy of the Commodity Futures Trading Commission Regarding the Listing of New Futures and Option Contracts by Foreign Boards of Trade That Have Received Staff No-Action Relief to Place Electronic Trading Devices in the U.S.” dated June 30, 2000, and published at 65 Fed. Reg. 41641 (July 6, 2000).
FTSE Mondo Visione Exchanges Index:
CFTC Revises Its Policy Regarding The Listing Of New Futures And Option Contracts By Foreign Boards Of Trade
Date 18/04/2006