What is CFTC Part 30 exemption?
Under the Part 30 exemption order, eligible firms may apply for confirmation of exemptive relief from Part 30 of the General Regulations under the US Commodity Exchange Act. In line with this system, both the applicant firm and the FCA must make certain written representations to the CFTC.
What are CFTC regulations?
What Does the CFTC Regulate? The CFTC regulates the U.S. derivatives markets. This includes the commodity futures, options, and swaps markets as well as over-the-counter (OTC) markets.
Which swaps are regulated by CFTC?
The Commissions confirmed that foreign currency options (other than those traded on a national securities exchange), non-deliverable forward contracts involving foreign exchange, currency swaps, cross-currency swaps and forward rate agreements are swaps and subject to the CFTC jurisdiction.
What are CFTC position limits?
More specifically, under CFTC Regulation 150.3(a)(4), these market participants may hold up to 10,000 cash-settled contracts per exchange and, separately, 10,000 cash-settled OTC economically equivalent swaps, calculated on a futures-equivalent basis.
Who needs to register with the CFTC?
The Commodity Exchange Act (CEA) requires certain firms and individuals that conduct business in the derivatives industry to register with the CFTC. CFTC regulations also require, with few exceptions, CFTC registered firms to be NFA Members. The CFTC has delegated registration responsibility to NFA.
What is the purpose of the CFTC?
The mission of the Commodity Futures Trading Commission is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation.
Does the CFTC regulate banks?
The Board has regulatory and supervisory responsibilities and authorities over banking companies, including state member banks and their subsidiaries, bank holding companies and their subsidiaries, financial holding companies and their subsidiaries, foreign banking organizations with U.S. banking operations, Edge …
Which swaps does the SEC regulate?
The SEC regulates Security-Based Swaps (SBS) and Security-Based Swap Dealers (SBSD). The CFTC regulates Swaps and Swap Dealers. Shortly after, the regulatory bodies adopted rules to provide further clarity for the characteristics of SBS, SBSD, Swaps and Swap Dealers.
Does the CFTC regulate FX swaps?
Such transactions are considered swaps and the counterparties involved are subject to full regulation by the CFTC. Nevertheless, the decision to exempt FX Swaps and FX Forwards from regulation as swaps does not affect the application of other provisions under the Commodity Exchange Act.
What is position limit in forex?
A position limit is a preset level of ownership established by exchanges or regulators that limits the number of shares or derivative contracts that a trader, or any affiliated group of traders and investors, may own.
Can the CFTC prosecute criminal violations?
Criminal activity involving commodity-related instruments can result in prosecution for criminal violations of the CEA and for violations of other federal criminal statutes, including commodities fraud, mail fraud, wire fraud and conspiracy.
What does the CFTC publish in the Federal Register?
The CFTC publishes in the Federal Register publishes proposed rules, final rules, meeting announcements, and other notices. Written guidance from CFTC staff on the CEA and Commission regulations.
What do you need to know about the CFTC?
Learn more about the Commission’s rulemaking process. The CFTC holds wrongdoers accountable by investigating and prosecuting violations of the CEA and Commission regulations. The CFTC publishes in the Federal Register publishes proposed rules, final rules, meeting announcements, and other notices.
What is part 43 of the CFTC regulations?
Part 43, Part 45 and Part 46 of the CFTC’s regulations Fact Sheet: Final Rulemaking on Procedures to Establish Appropriate Minimum Block Sizes for Large Notional Off-Facility Swaps and Block Trades; Further Measures to Protect the Identities of Parties to Swap Transactions
Where can I find the CFTC CEA regulations?
CEA Cases are a list of cases from the CFTC’s predecessor agencies with the U.S. Department of Agriculture. CFTC regulations are found at Title 17 Chapter I of the Code of Federal Regulations (CFR) and are available at the U.S. GPO Access website.