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CFTC Rule 15.05 Notice To Non-U.S. Traders

Interactive Brokers acts as an agent for non-U.S. traders in accepting communications from the CFTC regarding commodity futures and options contracts. Traders may designate an alternative agent through a written agreement, and the CFTC can issue calls for information related to accounts, which must be complied with. Additional regulations require reporting on futures positions and compliance with specific CFTC reporting requirements.

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11 views1 page

CFTC Rule 15.05 Notice To Non-U.S. Traders

Interactive Brokers acts as an agent for non-U.S. traders in accepting communications from the CFTC regarding commodity futures and options contracts. Traders may designate an alternative agent through a written agreement, and the CFTC can issue calls for information related to accounts, which must be complied with. Additional regulations require reporting on futures positions and compliance with specific CFTC reporting requirements.

Uploaded by

Aitor Bazo Aramburu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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3088 | 01/23/2013

CFTC RULE 15.05 NOTICE TO NON-U.S. TRADERS


In accordance with Rules 15.05 and 21.03 of the Commodity Futures Trading Commission ("CFTC"), 17
C.F.R. §§15.05 and 21.03, Interactive Brokers is required to notify you that we are considered to be your
agent for purposes of accepting delivery and service of communications from or on behalf of the CFTC
regarding any commodity futures contracts or commodity option contracts which are or have been
maintained in your account(s) with us.
In the event that you are acting as agent or broker for any other person(s), we are also considered to be their
agent, and the agent of any person(s) for whom they may be acting as agent or broker, for purposes of
accepting delivery and service of such communications. Service or delivery to us of any communication
issued by or on behalf of the CFTC (including any summons, complaint, order, subpoena, special call,
request for information, notice, correspondence or other written document) will be considered valid and
effective service or delivery upon you or any person for whom you may be acting, directly or indirectly, as
agent or broker.
You should be aware that Rule 15.05 also provides that you may designate an agent other than Interactive
Brokers. Any such alternative designation of agency must be evidenced by a written agency agreement which
you must furnish to us and which we, in turn, must forward to the CFTC. If you wish to designate an agent
other than us, please contact us in writing. You should consult 17 C.FR. § 15.05 for a more complete
explanation of the foregoing.
Upon a determination by the CFTC that information concerning your account(s) with us may be relevant in
enabling the CFTC to determine whether the threat of a market manipulation, corner, squeeze, or other
market disorder exists, the CFTC may issue a call for specific information from us or from you. In the event
that the CFTC directs a call for information to us, we must provide the information requested within the time
specified by the CFTC. If the CFTC directs a call for information to you through us as your agent, we must
promptly transmit the call to you, and you must provide the information requested within the time specified
by the CFTC. If any call by the CFTC for information regarding your account(s) with us is not met, the
CFTC has authority to restrict such account(s) to trading for liquidation only. You have the right to a hearing
before the CFTC to contest any call for information concerning your account(s) with us, but your request for
a hearing will not suspend the CFTC's call for information unless the CFTC modifies or withdraws the call.
Please consult 17 C.F.R. §21.03 for a more complete description of the foregoing (including the type of
information you may be required to provide).
Certain additional regulations may affect you. Part 17 of the CFTC Regulations, 17 C.F.R. Part 17, requires
each futures commission merchant and foreign broker to submit a report to the CFTC with respect to each
account carried by such futures commission merchant or foreign broker which contains a reportable futures
position. (Specific reportable position levels for all futures contracts traded on U.S. exchanges are established
in Rule 15.03.) In addition, Part 18 of the CFTC Regulations, 17 C.F.R. Part 18, requires all traders
(including foreign traders) who own or control a reportable futures or options position and who have received
a special call from the CFTC to file certain reports with the CFTC, including, but not limited to, a Statement
of Reporting Trader (Form 40). Please consult 17 C.F.R. Parts 17 and 18 for more complete information with
respect to the foregoing.

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