Foreign Boards of Trade Regulation - Comment Letter - Eurex - January 18, 2011

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Dodd-Frank Timeline, Registration of Foreign Boards of Trade
Final Rule Issue Effective Date Compliance Date
December 23, 2011 February 21, 2012 August 20, 2012

Registration of Foreign Boards of Trade
January 18, 2011

In the comment letter, Eurex offers its views on several questions posed by the commission, including:

  • The commission should be careful not to allow FBOT registration requirements to deviate from international standards.
  • Self-regulatory functions are not necessarily as advanced in non-U.S. jurisdictions.
  • FBOTs should be allowed to provide trading access to qualified U.S. persons for trading of swaps without first having been registered as a swap execution facility (SEF)
  • New registration requirements for FBOTs are unnecessary, and are outside the scope of the Dodd-Frank Act.

References

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