CFTC Final Rule on Non-Narrow-Based Security Index Futures

On September 26, the CFTC adopted Rule 30.13 establishing a certification procedure for the offer or sale to persons in the U.S. of non-narrow-based security index futures contracts traded on foreign boards of trade. The new certification procedure will replace the existing staff no-action process. The final rule will be effective on October 26. CFTC Final Rule.