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FR
Regulatory Information
2003_register
executive
2010-09-23
article
Denomination of Customer Funds and Location of Depositories
Rules and Regulations
D09002ee1bdec9716
D09002ee1bdec97a5
United States
Commodity Futures Trading Commission
originator
org
United States Government Agency or Subagency
The Commodity Futures Trading Commission (``Commission'' or ``CFTC'') is adopting a new Rule 1.49 that permits futures commission merchants and derivatives clearing organizations, under certain conditions, to deposit customer funds in foreign depositories and in certain currencies other than United States dollars. The Commission is also adopting an amendment to Appendix B of its bankruptcy rules that governs the distribution of property where the bankrupt futures commission merchant or derivatives clearing organization maintains customer property in depositories outside the United States or in a foreign currency. This new distributional framework is intended to assure that customers whose funds are held in a United States depository will not be adversely affected by a shortfall in the pool of funds held in a depository outside the United States that is due to the sovereign action of a foreign government or court. The rule replaces Financial and Segregation Interpretation No. 12.
68 FR 5545
https://www.govinfo.gov/app/details/FR-2003-02-04/03-2508
03-2508
fr04fe03-6
RIN 3038-AB31
6351-01-P
https://www.govinfo.gov/app/details/FR-2003-02-04/03-2508
https://www.govinfo.gov/content/pkg/FR-2003-02-04/html/03-2508.htm
https://www.govinfo.gov/content/pkg/FR-2003-02-04/pdf/03-2508.pdf
Brokers
Commodity Futures
Consumer Protection
Bankruptcy
Reporting and Recordkeeping Requirements
Consumer Protection
18 p.
5545
5562
68 FR 5545
Code of Federal Regulations
Title 17 Part 190
17 CFR Part 190
Code of Federal Regulations
Title 17 Part 1
17 CFR Part 1
Code of Federal Regulations
Title 17 Part 30
17 CFR Part 30
Regulation Identification Number 3038-AB31
RIN 3038-AB31
Denomination of Customer Funds and Location of Depositories; Federal Register Vol. 68, Issue
RULE
03-2508
COMMODITY FUTURES TRADING COMMISSION
6351-01-P
03-2508
Final rule.
The Commodity Futures Trading Commission (``Commission'' or ``CFTC'') is adopting a new Rule 1.49 that permits futures commission merchants and derivatives clearing organizations, under certain conditions, to deposit customer funds in foreign depositories and in certain currencies other than United States dollars. The Commission is also adopting an amendment to Appendix B of its bankruptcy rules that governs the distribution of property where the bankrupt futures commission merchant or derivatives clearing organization maintains customer property in depositories outside the United States or in a foreign currency. This new distributional framework is intended to assure that customers whose funds are held in a United States depository will not be adversely affected by a shortfall in the pool of funds held in a depository outside the United States that is due to the sovereign action of a foreign government or court. The rule replaces Financial and Segregation Interpretation No. 12.
March 6, 2003.
Lawrence B. Patent, Deputy Director, Compliance and Registration Section, or Michael A. Piracci, Attorney- Advisor, Division of Clearing and Intermediary Oversight, and for further information regarding amendments to appendix B of part 190, contact Robert B. Wasserman, Associate Director, Division of Clearing and Intermediary Oversight, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW., Washington, DC 20581. Telephone: (202) 418-5430.
Brokers
Commodity Futures
Consumer Protection
Bankruptcy
Reporting and Recordkeeping Requirements
Consumer Protection
Commodity Exchange Act:
Customer funds; deposit in foreign depositories and in currencies other than U.S. dollars,
http://www.cme.com
http://www.ustreas.gov
http://www.ustreas.gov/ofac
http://www1.oecd.org/fatf/
Federal Register
Vol. 68, no. 23
Office of the Federal Register, National Archives and Records Administration
2003-02-04
continuing
daily
deposited
born digital
262 p.
Table of Contents:
AE 2.7:
GS 4.107:
AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-2003-02-04
P0b002ee1809a5263
0097-6326
0042-1219
0364-1406
769-004-00000-9
000582072
f:fr04fe03
https://www.govinfo.gov/app/details/FR-2003-02-04
https://www.govinfo.gov/content/pkg/FR-2003-02-04/pdf/FR-2003-02-04.pdf
https://www.govinfo.gov/content/pkg/FR-2003-02-04/xml/FR-2003-02-04.xml
fdlp
5529
5783
DGPO
2010-09-23
2023-05-04
FR-2003-02-04
machine generated
eng
FR
FR-2003-02-04
68
23