Eurex announced that, as of January 8, 2018, its MSCI Sound Africa Index futures contract would no longer be available for direct access by US-based Eurex participants and investors. This contract was formally certified as a broad-based non-US stock index futures contract eligible for US persons on February 4, 2014 (click here for details). In August 2013, Eurex was subject to a public rebuke by the Securities and Exchange Commission for not monitoring its contracts sufficiently, when its EURO STOXX Banks Index futures contract morphed from a non-US broad-based stock index futures contract solely under the oversight of the Commodity Futures Trading Commission, to a non-US futures contract based on a narrow-based stock index – a so-called “security futures contract” – under the jurisdiction of the SEC and CFTC. (Click here for details.) Different requirements apply when a contract is considered a security futures contract as opposed to an ordinary futures contract. (Click here for general background.)