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CFTC Press Releases·

CFTC Issues Impartial Access Requirements Interpretation

  • The CFTC issued an interpretation of Impartial Access Requirements under Commission Regulation 38.151(b) on November 05, 2026.
  • Chairman Michael S. Selig stated that derivatives markets must operate uniformly at a national scale & geographic restrictions are inconsistent with the Commodity Exchange Act.
  • Designated contract markets must eliminate domestic geographic restrictions violating these requirements within 30 days.
  • DCMs must ensure intermediaries do not impede compliance with Impartial Access Requirements within 30 days.
  • DCMs failing to comply within the 30-day window must submit an explanation to the Division of Market Oversight regarding feasibility.
  • The Commission will evaluate specific facts & circumstances when considering potential enforcement actions.