Commodity Futures Trading Commission June 5, 2008 – Federal Register Recent Federal Regulation Documents
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Order Exempting the Trading and Clearing of Certain Products Related to SPDR®
On April 23rd, 2008, the Commodity Futures Trading Commission (``CFTC'' or the ``Commission'') published for public comment in the Federal Register \1\ a proposal to exempt the trading and clearing of products called options on streetTRACKS [supreg] Gold Trust Shares (``ST Gold Options''), proposed to be traded on national securities exchanges, and cleared by The Options Clearing Corporation (``OCC''), from the provisions of the Commodity Exchange Act (``CEA'') \2\ and Commission regulations thereunder to the extent necessary for them to be so traded and cleared. The Commission has determined to issue this Order essentially as proposed. Authority for this exemption is found in Section 4(c) of the CEA.\3\
Exemptive Order for SPDR®
The Commodity Futures Trading Commission (Commission or CFTC) is exempting certain transactions in physically delivered futures contracts based on SPDR[reg] Gold Shares (SPDR[reg] gold futures contracts) from those provisions of the Commodity Exchange Act (CEA or Act),\1\ and the Commission's regulations thereunder, that are inconsistent with the trading and clearing of SPDR[reg] gold futures contracts as security futures. The exemption is conditioned on the compliance of transactions in SPDR[reg] gold futures contracts with the requirements established for the trading and clearing of security futures. The authority for the issuance of this exemption is found in Section 4(c) of the Act.\2\
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