SEC Acknowledges CME Registration Notice for Security Futures Trading
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice confirms that Chicago Mercantile Exchange Inc. filed the required Form 1-N with the SEC to register as a national securities exchange for the limited purpose of trading security futures products. The practical impact is narrow. CME’s registration became effective when it filed the notice, and the SEC is only acknowledging receipt. Market participants, brokers, trading firms, and compliance teams that deal with security futures should note CME’s status and review the filed Form 1-N and exhibits if they rely on CME for these products.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- CME filed Form 1-N with the SEC to register as a national securities exchange for security futures products only.
- The registration became effective at the time CME submitted the notice.
- The SEC made the Form 1-N and exhibits available on its website for public review.
Obligations
What this law requires
An exchange that seeks to register as a national securities exchange solely to trade security futures products must submit written notice of registration to the SEC on Form 1-N.
To use the Section 6(g) limited registration process for security futures products, the exchange must be a board of trade designated as a contract market by the CFTC, and that CFTC designation must not be suspended.
To qualify for Section 6(g) limited registration, the exchange must not serve as a marketplace for securities transactions other than security futures products or permitted futures, groups, indexes, or options authorized under CEA Section 2(a)(1)(C).