[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: 17CFR41.21]

[Page 463]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER I--COMMODITY FUTURES TRADING COMMISSION
 
PART 41_SECURITY FUTURES PRODUCTS--Table of Contents
 
   Subpart C_Requirements and Standards for Listing Security Futures 
                                Products
 
Sec.  41.21  Requirements for underlying securities.

    Source: 66 FR 55083, Nov. 1, 2001, unless otherwise noted.


    (a) Security futures products based on a single security. A futures 
contract on a single security is eligible to be traded as a security 
futures product only if:
    (1) The underlying security is registered pursuant to Section 12 of 
the Securities Exchange Act of 1934;
    (2) The underlying security is:
    (i) Common stock, or
    (ii) Such other equity security as the Commission and the SEC 
jointly deem appropriate; and,
    (3) The underlying security conforms with the listing standards for 
the security futures product that the designated contract market or 
registered derivatives transaction execution facility has filed with the 
SEC under Section 19(b) of the Securities Exchange Act of 1934.
    (b) Security futures product based on two or more securities. A 
futures contract on an index of two or more securities is eligible to be 
traded as a security futures product only if:
    (1) The index is a narrow-based security index as defined in Section 
1a(25) of the Act;
    (2) The securities in the index are registered pursuant to Section 
12 of the Securities Exchange Act of 1934;
    (3) The securities in the index are:
    (i) Common stock, or
    (ii) Such other equity securities as the Commission and the SEC 
jointly deem appropriate; and,
    (4) The index conforms with the listing standards for the security 
futures product that the designated contract market or registered 
derivatives transaction execution facility has filed with the SEC under 
Section 19(b) of the Securities Exchange Act of 1934.

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