February 8, 2016

CFTC Issues an Exemption to the Korea Exchange Permitting Designated Korea Exchange Members to Deal Directly with U.S. Customers

Washington, DC – The Commodity Futures Trading Commission (CFTC) today issued an Order to the Korea Exchange (KRX) permitting certain KRX Members to solicit and accept orders and in connection therewith, accept funds directly from U.S. customers for trading on KRX without having to register with the CFTC as futures commission merchants (FCMs). The order also permits these designated KRX Members to engage in marketing conduct in the U.S. for a period not to exceed thirty days. This exemption follows similar exemptions granted to other foreign exchanges or foreign regulators pursuant to Regulation 30.10.

The order will be published in the Federal Register and the relief is effective as to qualifying foreign firms upon the filing of certain representations with the National Futures Association. For more information on the KRX’s Regulation 30.10 exemption, as well as a list of other Regulation 30.10 exemptions granted by the CFTC, please refer to the List of Foreign Part 30 Exemptions link on the International page of the CFTC’s website.

Last Updated: February 8, 2016