The Securities and Exchange Commission is proposing a regulatory change that could make it easier for U.S. market participants to trade futures contracts tied to debt issued by the European Union.
The SEC proposed an amendment to Exchange Act Rule 3a12-8 on August 28, with the proposal published in the Federal Register on September 2. If finalized, the change would designate European Union debt obligations as “exempted securities” for the limited purpose of marketing and trading futures contracts on those securities in the United States or to U.S. persons.