[Federal Register Volume 68, Number 151 (Wednesday, August 6, 2003)]
[Rules and Regulations]
[Page 46446]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-19948]


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COMMODITY FUTURES TRADING COMMISSION

17 CFR Part 30


Foreign Futures and Options Transactions; Correction

AGENCY: Commodity Futures Trading Commission.

ACTION: Corrections to order.

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SUMMARY: This document contains corrections to the Order that was 
published in the Federal Register of July 1, 2003 (68 FR 39006). The 
Order, issued pursuant to Commission Rule 30.10, granted an exemption 
to firms designated by the ASX Futures Exchange Proprietary Limited 
(``ASXF'') from the application of certain of the Commission's foreign 
futures and options rules based on substituted compliance with 
Australia's comparable regulatory and self-regulator regime.

EFFECTIVE DATE: August 6, 2003.

FOR FURTHER INFORMATION CONTACT: 
    Lawrence B. Patent, Esq., Deputy Director, Susan A Elliott, Esq., 
Staff Attorney, or Andrew V. Chapin, Esq., Staff Attorney, Division of 
Clearing and Intermediary Oversight, Commodity Futures Trading 
Commission, 1155 21st St., NW., Washington, DC 20581. Telephone: (202) 
418-5430.

SUPPLEMENTARY INFORMATION: 

Background

    Commission Rule 30.4 requires that persons that solicit or accept 
orders, and funds related thereto, from customers located in the U.S. 
for trading on futures exchanges located outside the U.S. must register 
as futures commission merchants. Commission Rule 30.10 permits persons 
to petition for exemption from any Part 30 rule. Under Rule 30.10, the 
Commission has issued numerous orders to foreign futures exchanges that 
petition, on behalf of their members, for relief from compliance with 
the Commission's Part 30 rules based on the members' substituted 
compliance with their home country regulatory framework. The 
Commission's Order under Rule 30.10 as published in the Federal 
Register incorrectly identified the order recipient, ASXF, as the ASX 
Futures Exchange Party Limited. ASXF has informed the Commission that 
the abbreviation ``Pty'' stands for ``Proprietary'' and not ``Party.''

Need for Correction

    As published, the Order contains errors that may be misleading and 
need clarification.

Correction of Publication

    Accordingly, the publication on July 1, 2003 of an Order, which was 
the subject of FR Doc. 03-16516, is correct as follows:
    On page 39006, in the first column, in the Summary, line 5, and in 
the second column, in the Supplementary Information, second paragraph, 
line 3, the word ``Party'' is corrected to read ``Proprietary'' in both 
instances.

    Issued in Washington, DC, on July 30, 2003 by the Commission.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 03-19948 Filed 8-5-03; 8:45 am]
BILLING CODE 6351-01-M