[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: 17CFR32.11]

[Page 388]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER I--COMMODITY FUTURES TRADING COMMISSION
 
PART 32_REGULATION OF COMMODITY OPTION TRANSACTIONS--Table of Contents
 
Sec.  32.11  Suspension of commodity option transactions.

    (a) Notwithstanding any other provision of this part 32, it shall be 
unlawful on and after June 1, 1978, until further rule, regulation or 
order of the Commission, for any person to solicit or accept orders for, 
or to accept money, securities or property in connection with, the 
purchase or sale of any commodity option, or to supervise any person or 
persons so engaged.
    (b) The provisions of paragraph (a) of this section shall not apply 
to any commodity option transaction conducted in accordance with the 
provisions of Sec.  32.4(a) of this part, or any commodity option 
transaction conducted on or subject to the rules of a contract market or 
a foreign board of trade in accordance with the provisions of section 4c 
of the Act and any rule, regulation or order promulgated thereunder.
    (c) Nothing in this section shall apply to, or affect the rights, 
privileges or obligations of any person arising out of any commodity 
option transaction entered into prior to June 1, 1978.

(7 U.S.C. 2, 6c(a), 6c(b) and 12a (1976); secs. 2(a)(1), 4c(a)-(d), 4d, 
4f, 4g, 4k, 4m, 4n, 8a, 15 and 17, Commodity Exchange Act (7 U.S.C. 2, 
4, 6c(a)-(d), 6f, 6g, 6k, 6m, 6n, 12a, 19 and 21; 5 U.S.C. 552 and 
552b))

[43 FR 16161, Apr. 17, 1978, as amended at 52 FR 29003, Aug. 5, 1987]

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