CFTC and NASAA Sign Information Sharing Agreement

On May 21, the Commodity Futures Trading Commission announced that it had signed a mutual cooperation agreement with the North American Securities Administrators Association (NASAA) to promote information sharing between the CFTC and state securities regulators. The agreement is designed to assist in the enforcement of the Commodity Exchange Act, which state securities regulators and state attorneys are statutorily authorized to do alongside the CFTC. Information shared under the agreement also could generate enforcement actions under state securities laws, commodity codes or other areas of law.

The CFTC’s announcement is available here.

CFTC Grants Foreign Board of Trade Application to ASX24

On May 15, the Commodity Futures Trading Commission issued an order granting Australian Securities Exchange Limited (ASX24) registration as a foreign board of trade (FBOT). As a registered FBOT, ASX24 is authorized to permit members and other exchange participants to trade directly on its platform without having to trade through an intermediary. With this order, the CFTC has registered 19 foreign boards of trade from 12 countries. ASX24 previously offered direct access to US participants in accordance with no-action relief issued to its predecessor, the Sydney Futures Exchange Limited.

The CFTC’s announcement is available here.