Corporate Crime update – April 2018

Welcome to the April 2018 edition of our corporate crime update – our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Our update now covers a number of jurisdictions. Below we provide a brief overview of what is covered in each update. Continue reading

Hong Kong SFC licensed corporations to be exempted from CFTC registration as FCMs when dealing with US customers in relation to futures trading

The US Commodity Futures Trading Commission (CFTC) has recently issued a Regulation 30.10 order to the Securities and Futures Commission (SFC) in Hong Kong, which will exempt SFC licensed futures or options traders (subject to satisfying certain conditions) from, amongst others, the US registration requirement. Under CFTC Regulation 30.4, persons who solicit or accept orders from US customers for the trading of futures or options outside of the US must be registered with the CFTC as a futures commission merchant (FCM), unless exempted.

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