Securities & Futures Commission of Hong Kong

CFTC exemption to deal directly with U.S. customers

The U.S. Commodity Futures Trading Commission (“CFTC”) has issued an Order permitting SFC-licensed corporations to deal directly with U.S. customers in relation to trading of futures or options products on exchanges under the SFC’s oversight without having to register as futures brokers in the U.S..  Licensed corporations interested in obtaining the exemption under the CFTC Order are required to submit the application to the U.S. National Futures Association (“NFA”), which is delegated by the CFTC with the relevant responsibilities, via the SFC.

Topic Last Updated
Press Release – SFC welcomes U.S. CFTC exemption for Hong Kong brokers to deal directly with U.S. customers 26 March 2015
CFTC Order  -
Circular to Corporations Licensed for Type 2 Regulated Activity – Procedures for filing an application to the CFTC for an exemption to deal directly with U.S. customers 13 August 2015
Application process and templates
      (a)  Application letter addressed to the NFA
      (b)  Agency agreement signed by both the licensed corporation and its
            appointed agent for service of process in the U.S.

      (c)  Written representation addressed to the SFC
 
13 August 2015
13 August 2015

13 August 2015
Frequently Asked Questions (FAQs) on CFTC exemption to deal directly with U.S. customers 13 August 2015

 

3.7025 s