CFTC makes amendments to CFMA 2000

The Commodity Futures Trading Commission (CFTC) has released the final rules relating to the trading of equity futures products in the United States. These rules implement provisions of the Commodity Futures Modernisation Act of 2000 (CFMA) that lift the 19-year ban on the trading of single-stock and narrow-based stock index futures in the US.

The final rules are in line with the new CFMA statutory provisions regarding the specification of listing standards and conditions for trading security futures products. The rules also establish requirements related to the self-certification of rules and rule amendments, reporting of data, speculative position limits, and special provisions regarding the contract design for the cash settlement and physical delivery of security futures products.

The CFTC received comment from the Chicago

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