On December 5, pursuant to Section 738 of the Dodd-Frank Act, the CFTC adopted final rules creating a new registration system for Foreign Boards of Trade (FBOT). The new registration system will replace the existing policy under which staff-issued no-action letters are relied upon by FBOTs providing direct access from the United States. The rule will be effective 60 days after the date of publication in the Federal Register. CFTC Fact Sheet. CFTC Final Rules.