On July 27, 2016, the CFTC announced that it is seeking comment on proposed amendments to CFTC Regulation 3.10(c) to modify an exemption from registration for certain foreign persons in connection with commodity interest transactions solely on behalf of persons located outside the US, or on behalf of certain international financial institutions. The amendments would codify certain existing no-action relief. Comments were due by September 6, 2016.

The CFTC proposal is available at: http://www.cftc.gov/idc/groups/public/@lrfederalregister/documents/file/2016-18210a.pdf