Foreign Boards of Trade Regulation - Comment Letter - NASDAQ OMX - 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:
"Our main concern related to the proposed rules is that they will involve a quite extensive process in order to obtain and maintain registration. Even the limited application process for FBOTs with existing no-action relief letters will involve a considerable amount of work. In our view, the registration requirements seem more detailed and extensive than strictly necessary in order to fulfill the objectives set out in the Dodd-Frank Act...Further, in order to provide more flexibility, it is our opinion that the registration requirements should refer to “recognized international standards”..."