Code of Federal Regulations (alpha)

CFR /  Title 17  /  Part 1  /  Sec. 1.19 Prohibited trading in certain ``puts'' and ``calls''.

No futures commission merchant or introducing broker may make, underwrite, issue, or otherwise assume any financial responsibility for the fulfillment of, any commodity option except:

(a) Commodity options traded on or subject to the rules of a contract market in accordance with the requirements of part 33 of this chapter;

(b) Commodity options traded on or subject to the rules of a foreign board of trade in accordance with the requirements of part 30 of this chapter; or

(c) For futures commission merchants, any option permitted under Sec. 32.4 of this chapter, provided however, that a capital treatment for such options is referenced in Sec. 1.17(c)(5)(vi). [52 FR 28997, Aug. 5, 1987, as amended at 58 FR 68520, Dec. 28, 1993]

Customers' Money, Securities, and Property