Guidance is the first on Europe under the new CFTC chairman Tim Massad
The Commodity Futures Trading Commission has confirmed that
US futures banks and brokers are allowed to deposit customer
funds with UK-licensed investment firms, marking the first CFTC
guidance on Europe under the new CFTC chair Tim Massad.
The US futures regulator said on Thursday that US firms
could deposit client funds to margin foreign futures positions
under the laws of foreign jurisdictions and added that futures
commission merchants are not waiving protections afforded to
their clients under this arrangement.
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