On August 13, the Hong Kong Securities and Futures Commission (HKSFC) issued a circular describing the application procedure for certain licensed corporations to deal directly with customers in the United States pursuant to Commodity Futures Trading Commission Regulation 30.10. As reported in the March 20 edition of Corporate & Financial Weekly Digest, the CFTC issued an order permitting HKSFC-licensed corporations to deal directly with US customers for trading on any exchange subject to HKSFC’s oversight without having to register with the CFTC as future commission merchants.
Continue Reading HKSFC Issues Circular on Application Process for Exemptive Relief Under CFTC Regulation 30.10