Exempt Foreign Firm
Exempt Foreign Firm
Definition: A foreign firm that does business with US customers only on foreign exchanges and is exempt from registration under CFTC regulations based upon compliance with its home country's regulatory framework (also known as a "Rule 30.10 firm"). See CFTC Backgrounder : Regulatory and Self-Regulatory Authorities That Have Received Exemptions Under CFTC Rule 30.10.
Definition: A foreign firm that does business with US customers only on foreign exchanges and is exempt from registration under CFTC regulations based upon compliance with its home country's regulatory framework (also known as a "Rule 30.10 firm"). See CFTC Backgrounder : Regulatory and Self-Regulatory Authorities That Have Received Exemptions Under CFTC Rule 30.10.