[Code of Federal Regulations]
[Title 17, Volume 1]
[Revised as of April 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR30.3]

[Page 333]
 
              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 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]