CFTC Issues an Exemption to Bursa Malaysia Derivatives Bhd Permitting U.S. Customers to Deal Directly with Malaysian Brokers

The CFTC issued an order to Bursa Malaysia Derivatives Bhd (Bursa Malaysia) permitting designated Bursa Malaysia members to solicit and accept orders and funds directly from U.S. customers for trading on that exchange without having to register as FCMs.  Similar exemptions have been granted to other foreign exchanges or regulators pursuant to Regulation 30.10.

Regulation 30.10 permits firms located in certain foreign jurisdictions to deal directly with U.S. customers on non-U.S. markets without having to comply with certain CEA and CFTC regulations (such as registering as an FCM).  The rationale behind such exemptions is that the foreign firm is subject to comparable customer protection standards in their home jurisdiction.

Share this post

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on print
Share on email

Stay On Top Of The Debt Relief Industry's Regulatory Landscape

On November 6-7, 2022, Shipkevich PLLC will be hosting a Regulatory Workshop in Costa Mesa, California focusing on the fundamental regulatory issues facing debt relief professionals and how they can adapt.