MGEX’s ability to perform compliance functions questioned

The CFTC Released a Rule Enforcement Review of the Minneapolis Grain Exchange. Its recommendations to MGEX include hiring more compliance staff and ensuring that its disciplinary committee review member’s complete disciplinary histories when determining appropriate...

Dealer Member Rule 41 outlines obligations to CIPF

IIROC Dealer Members are required to pay Canadian Investor Protection Fund assessments through IIROC. IIROC henceforth has permission to share Dealer Member information with CIPF. CIPF has direct access to IIROC Dealer Member premises, information, and personnel and Dealer Members must comply with actions...

CFTC and FSA and will collaborate to strengthen oversight of oil markets

The CFTC and FSA will enhance ongoing information sharing agreed to in a 2006 CFTC – FSA arrangement on linked contracts. Where appropriate, they intend to enhance direct access rights to trade execution and audit trail data, share disciplinary and regulatory notices, conduct mutual on-site visits of...

First Taiwan ETF authorized for offering in Hong Kong

Polaris Taiwan Top 50 Tracker Fund will be offered on the Stock Exchange of Hong Kong when its feeder fund, Polaris Taiwan Top 50 Tracker Fund (H.K.), is listed on August 19 2009. This development follows the Taiwan Financial Supervisory Commission’s approval of three Hong Kong ETFs; W.I.S.E CSI 300 China...

CFTC order permits Eurex to operate MCO for any OTC derivatives

The CFTC issued an order stating that the supervision of Eurex clearing activities provided by BaFin, in conjunction with the German central bank satisfies appropriate standards, thus permitting Eurex to operate a multilateral clearing organization in the US. Section 408(1) of FDICIA (12 U.S.C. 4421(1))...