[Code of Federal Regulations]
[Title 17, Volume 1]
[Revised as of April 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR30.3]

[Page 331-332]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER I--COMMODITY FUTURES TRADING COMMISSION
 
PART 30_FOREIGN FUTURES AND FOREIGN OPTIONS TRANSACTIONS--Table of 
Contents
 
Sec.  30.3  Prohibited transactions.

    (a) It shall be unlawful for any person to engage in the offer and 
sale of any

[[Page 332]]

foreign futures contract or foreign options transaction for or on behalf 
of a foreign futures or foreign options customer, except in accordance 
with the provisions of this part: Provided, that, with the exception of 
the disclosure and antifraud provisions set forth in Sec. Sec.  30.6 and 
30.9 of this part, the provisions of this part shall not apply to 
transactions executed on a foreign board of trade, and carried for or on 
behalf of a customer at a designated contract market, subject to an 
agreement with and rules of a contract market which permit positions in 
a commodity interest which have been established on one market to be 
liquidated on another market.
    (b) Except as otherwise provided in Sec.  30.4 of this part or 
pursuant to an exemption granted under Sec.  30.10 of this part, it 
shall be unlawful for any person to engage in the offer and sale of any 
foreign futures contract or foreign option transaction for or on behalf 
of any foreign futures or foreign options customer other than by or 
through a futures commission merchant on a fully-disclosed basis.

[52 FR 28998, Aug. 5, 1987, as amended at 61 FR 10895, Mar. 18, 1996]