Foreign Boards of Trade Regulation - Comment Letter - NYSE Euronext - 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

From the comment letter:

"NYX believes that the existing no-action relief regime has served the Commission well...one of the strengths of the regime is to provide the commission with the appropriate flexibility to alter the conditions of the no-action relief letters as circumstances change...we are not convinced that a move from the existing regime to a more formal, rules-based solution is either necessary or desirable."

The letter specifies two areas of concern with the proposal: the documentation burden and the time frame for implementation.

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