On January 13th, the CFTC announced that it will publish for comment proposed regulations concerning off-exchange retail foreign currency transactions. The proposed regulations include registration, disclosure, recordkeeping, financial reporting, minimum capital, and other operational standards. The proposed regulations also include financial requirements. Leverage in retail forex customer accounts would be subject to a 10-to-1 limitation. All retail forex counterparties and intermediaries would be required to distribute forex-specific risk disclosure statements to customers and comply with comprehensive recordkeeping and reporting requirements. CFTC Release No. 5772-10.