CFTC Proposes Rules Providing an Alternative to Fingerprinting for Foreign Natural Persons

8 January 2016
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Key takeaways

  • The CFTC has proposed rules to provide an alternative for foreign natural persons who are required to provide fingerprint cards in applications for CFTC registration.
  • The proposed rules would allow the registered firm of such foreign natural persons to complete a criminal history background check in lieu of submitting fingerprint cards.
  • The proposed rules would expand the current exemptive relief provided by two CFTC no-action letters, and if adopted, would supersede the no-action letters.