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