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