Futures exchanges seek clarity on China licensing regime
Hazy details on landmark Futures and Derivatives Law breeds legal uncertainty, unnerving operators
Global futures exchanges that want to allow direct access to their platforms by Chinese-regulated firms are pushing for more clarity on a new licensing regime.
The recent Futures and Derivatives Law requires overseas exchanges to hold a licence before they can market activity in China. Yet, a lack of legal certainty over the new law has unnerved exchange operators.
“The challenge we have is that the regulators haven’t given any details on how to obtain those licences,” says a source at a major
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