We would like to ensure that you are still receiving content that you find useful – please confirm that you would like to continue to receive ILO newsletters.
13 April 2016
On March 28 2016 the US Commodity Futures Trading Commission (CFTC) approved a final rule that would allow a foreign natural person applying for CFTC registration to complete and submit a criminal history background check as an alternative to submitting fingerprints (for further details please see "CFTC approves proposed rule offering alternative to fingerprinting").
The rule codifies and supersedes the no-action relief previously given in CFTC Staff Letters 12-49 and 13-29. The rule will become effective 30 days after publication in the Federal Register.
The full text of the CFTC rule is available at: www.cftc.gov/idc/groups/public/@newsroom/documents/file/federalregister032816.pdf.
For further information on this topic please contact Donna M Parisi, Geoffrey B Goldman or Azam H Aziz at Shearman & Sterling LLP by telephone (+1 212 848 4000) or email (firstname.lastname@example.org, email@example.com or firstname.lastname@example.org). The Shearman & Sterling website can be accessed at www.shearman.com.
The materials contained on this website are for general information purposes only and are subject to the disclaimer.
ILO is a premium online legal update service for major companies and law firms worldwide. In-house corporate counsel and other users of legal services, as well as law firm partners, qualify for a free subscription.