Petition of the Chicago Mercantile Exchange, Inc. for Exemptive Relief, Pursuant to Section 4(c) of the Commodity Exchange Act, From the Requirement That the China Foreign Exchange Trade System and National Interbank Funding Center or its Members Register as Futures Commission Merchants
The Commodity Futures Trading Commission (``Commission'') published on August 23, 2007, a notice of proposed order and request for comment regarding a petition filed with the Commission by the Chicago Mercantile Exchange, Inc. (``CME'') applying for exemptive relief, pursuant to Section 4(c) of the Commodity Exchange Act.\1\ CME's petition applies for exemptive relief from the requirement that the China Foreign Exchange Trade system and National Interbank Funding Center (``CFETS'') or its members register as futures commission merchants (``FCMs''). An interested party has requested that the comment period be extended by two weeks due to the novelty of the issues involved. The Commission is extending the comment period to October 9, 2007.
Foreign Futures and Options Transactions
The Commodity Futures Trading Commission (``Commission'') is issuing an Amended Supplemental Order authorizing members of Singapore Derivatives Trading Ltd (``SGX''), formerly known as Singapore International Monetary Exchange Ltd (``SIMEX''), to solicit and accept orders from U.S. customers for otherwise permitted transactions on all non-U.S. exchanges where such members are authorized by the laws of Singapore to conduct futures business for customers. The Amended Supplemental Order is issued pursuant to Commission Regulation 30.10, which permits the Commission to grant an exemption from certain provisions of Part 30 of the Commission's regulations, and supersedes the Commission's prior Supplemental Order dated September 9, 1999.