Title: CFTC Grants Regulation 30.10 Relief to Taiwan Futures Exchange and other Foreign Regulators

The Commodity Futures Trading Commission (CFTC) has granted relief under Regulation 30.10 to the Taiwan Futures Exchange (TFe) and other foreign regulatory bodies, enabling them to solicit and accept orders from U.S. customers for permitted transactions on their respective exchanges.

Regulation 30.10: Empowering Foreign Entities to Operate in the U.S. Market

Enacted in the U.S., Regulation 30.10 permits foreign regulatory bodies and exchanges with comparable regulatory frameworks to apply for exemptions from certain CFTC regulations, such as registration requirements. This regulation empowers foreign entities to operate in a manner consistent with local regulations while catering to U.S. customers.

Guidance on Common Situations for Regulation 30.10 Relief

1. Reporting regulatory updates and developments in a foreign regulator’s jurisdiction: Interested parties should keep abreast of regulatory developments and updates in a foreign regulator’s jurisdiction.
2. Contacting the Market Participants Division for further information on foreign futures and options offerings: For more information on foreign futures and options offerings, entities should reach out to the CFTC’s Market Participants Division.
3. Determining when and to what extent Regulation 30.10 relief applies to a foreign firm: Entities need to determine the applicability and extents of Regulation 30.10 relief to their organization.
4. Submitting and preparing a petition for relief under Regulation 30.10: Interested parties must submit and prepare a petition for relief under Regulation 30.10, as required by the CFTC.

Taiwan Futures Exchange (TFe) Receives Regulation 30.10 Relief

TFe’s petition for General Relief under Regulation 30.10 was granted on March 23, 2007. This decision allows TFe and its affiliated registered entities to solicit and accept orders from U.S. clients for otherwise permitted transactions on TFe, which is subject to the rules of the appropriate regulatory framework in Taiwan.

Other Entities Receive Regulation 30.10 Relief

Several other entities, including the Australian Securities Exchange, Bombay Stock Exchange Limited, Hong Kong Securities and Futures Commission, Moscow Exchange, and the National Stock Exchange of India, have also received relief under Regulation 30.10.

Resources for Further Information

The CFTC’s Market Participants Division encourages interested parties to visit the Commission’s website for further information regarding foreign Regulation 30.10 exemptions and how to submit a petition for relief.