The Commodity Futures Trading Commission has granted an exemption, pursuant to CFTC Rule 30.10, to foreign firms designated by the Taiwan Futures Exchange (TAIFEX) from certain CFTC regulations which govern the offer and sale to U.S. persons of commodity futures and options traded on a foreign board of trade (the Part 30 Rules). The exemption from the Part 30 rules is based upon substituted compliance by the designated firms with TAIFEX regulations and applicable Taiwanese law and includes exemptions from certain CFTC rules regarding registration, recordkeeping, risk disclosure and financial requirements. Unlike other Rule 30.10 exemptions, the CFTC order does not authorize TAIFEX member firms to do business with U.S. customers on non-U.S. markets other than TAIFEX. To take advantage of the exemption, designated firms must file written representations with the National Futures Association as set out in the CFTC’s order.