The U.S. Commodity Futures Trading Commission (Commission or CFTC) issued NZX Limited (NZX) an Order of Registration to permit NZX to provide direct access, subject to the terms and conditions specified in the Order, to its identified members or other participants located in the U.S.
The terms and conditions applicable to the Order include, among others, that NZX shall comply with Commission regulation 48.8, Conditions of Registration, and any additional conditions that the Commission deems necessary and may impose, and that NZX shall fulfill each of the representations it made in support of the application for registration.
The Commission issued an Order of Registration to NZX, a foreign board of trade located in Wellington, New Zealand on January 30, 2014. Under the Order, NZX is permitted to provide its identified members or other participants located in the U.S. with direct access to its electronic order entry and trade matching system. The Commission issued the Order pursuant to Part 48 of the Commission’s regulations, which provide that such an Order may be issued to a foreign board of trade that possesses, among other things, the attributes of an established, organized exchange and that is subject to continued oversight by a regulator that provides comprehensive supervision and regulation that is comparable to the supervision and regulation exercised by the Commission.
NZX submitted an application for registration that included, among other things, representations that NZX and its regulatory authority, the Financial Markets Authority, satisfy the requirements for registration set forth in regulation 48.7. Upon review of the application, the Commission found that NZX had demonstrated its ability to comply with the requirements of the Act and applicable Commission regulations. Accordingly, the Commission granted NZX this Order of Registration.
See Order under Related Links.
- RELATED LINKS
- NZX Limited FBOT Registration Order