California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 2 - Corporate Securities
Article 2 - Exemptions from Qualification
Section 260.105.36 - Exchange-Traded Options on Foreign Currencies

Universal Citation: 10 CA Code of Regs 260.105.36

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

(a) There is hereby exempted from the provisions of Sections 25110 and 25130 of the Code as not being comprehended within the purposes of the Corporate Securities Law of 1968 and the qualification of which is not necessary or appropriate in the public interest or for the protection of investors, any offer or sale of exchange-traded options on foreign currencies ("foreign currency options"), or guarantees thereof, provided:

(1) The foreign currency options are offered or sold by The Options Clearing Corporation on an exchange approved by the Commissioner; and

(2) The rules of such exchange, and the rules of The Options Clearing Corporation relating to issuance, clearance, and settlement of foreign currency option transactions and relating to the processing and settlement of foreign currency option exercises, have been approved by the Securities and Exchange Commission under Section 19(b) of the Securities Exchange Act of 1934 (15 U.S.C. Sec. 78s(b)).

(b) The Commissioner has approved, upon application, the Philadelphia Stock Exchange. Pending an appropriate amendment to this rule, the Commissioner may by release designate other exchanges whose applications have been approved.

1. New section filed 2-11-85; effective thirtieth day thereafter (Register 85, No. 7).

Note: Authority cited: Section 25610, Corporations Code. Reference: Section 25105, Corporations Code.

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