UNITED STATES OF AMERICA
Before the

COMMODITY FUTURES TRADING COMMISSION

In the Matter of the Application of European Energy Exchange
for Registration pursuant to Section 4(b)(1) of the Commodity
Exchange Act and Part 48 of the Regulations of the
Commodity Futures Trading Commission in order to permit
direct access to its order entry and trade matching system

ORDER OF REGISTRATION

Pursuant to Section 4(b)(1) of the Commodity Exchange Act (the Act), 7 U.S.C.
§ 6(b)(1), and Part 48 of the Commission’s regulations, European Energy Exchange
(EEX), an energy derivatives exchange authorized by and subject to regulation under the
laws of Germany, submitted an application dated August 10, 2012 and including
supplemental submissions filed through February 18, 2019 (the Application), requesting
registration in order to permit identified members and other participants located in the
United States to enter trades directly into its order entry and trade matching system.

The Commission has reviewed the Application along with the exhibits,
supplemental documents, and other supporting information and representations, and finds
that EEX has demonstrated its ability to comply with the requirements of the Act and
applicable Commission regulations thereunder, including the requirements for

registration as set forth in Part 48 of the Commission’s regulations.


In light of the foregoing, IT IS ORDERED, pursuant to Section 4(b)(1) of the
Act, 7 U.S.C. § 6(b)(1), that EEX is granted an Order of Registration to permit direct
access, as that term is defined in Section 4(b)(1)(A) of the Act, subject to the terms and
conditions specified herein:

(1) Compliance with the Act_and_ Commission Regulations. EEX shall

comply, and shall demonstrate compliance as requested by the Commission, with all
sections of the Act and the Commission’s regulations thereunder applicable to EEX as a
foreign board of trade registered pursuant to Part 48 of the Commission’s regulations, as
may be amended or adopted from time to time. EEX shall comply with the applicable
conditions of registration specified in Commission regulation 48.8 and any additional
conditions that the Commission deems necessary and may impose, in its discretion, after
appropriate notice and opportunity to respond. EEX shall fulfill each of the
representations it has made in support of the Application for registration.

(2) New Regulations. Should the Commission promulgate a regulation
addressing or otherwise affecting any aspect of this Order, then such regulation will apply
and supersede the applicable terms in this Order.

(3) Reservation of Rights. This Order is based upon the representations made
and supporting material provided to the Commission by EEX as part of the Application.
In the event of any changes to or omissions in the material facts or circumstances
pursuant to which this Order is issued, or any material changes in the applicable
regulatory regimes, including developments relating to international comity, or for any
reason in the Commission’s discretion, and after appropriate notice and opportunity to

respond, the Commission may condition, modify, suspend, terminate, or otherwise


restrict the terms of this Order, as appropriate and as permitted by law, on its own
motion.
Issued in Washington, D.C., this 5m day of November, 2019.

By the Commission

Christopher J. Rirkpatric!

Secretary of the Commission