Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 17 - Commodity and Securities Exchanges |
Chapter I - Commodity Futures Trading Commission |
Part 33 - Regulation of Commodity Option Transactions That Are Options on Contracts of Sale of a Commodity for Future Delivery |
§ 33.5 - Application for designation as a contract market for the trading of commodity options.
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§ 33.5 Application for designation as a contract market for the trading of commodity options.
(a) Any board of trade desiring to be designated as a contract market for a particular commodity option contract shall make application to the Commission and accompany the same with a written showing that it meets the conditions set forth in, and provides all the information and materials required by, these regulations.
(b) Subject to the provisions of the Act and these regulations, in the event of a refusal to designate any board of trade as a contract market for a particular commodity option, such board of trade shall be afforded notice and an opportunity for a hearing on the record: Provided, That pending the conclusion of any such hearing, such designation shall not be granted.
(Approved by the Office of Management and Budget under control number 3038-0007)
[46 FR 54529, Nov. 3, 1981, as amended at 46 FR 63036, Dec. 30, 1981; 52 FR 779, Jan. 9, 1987]