UNITED STATES OF AMERICA 

Before the 

COMMODITY FUTURES TRADING COMMISSION 

In the Matter of the Application of Dubai Mercantile Exchange Limited 

for Registration pursuant to Section 4(b)(l) 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)(l) of the Commodity Exchange Act (the Act), 7 U.S.C. 

§ 6(b)(l), and Part 48 of the Commission's regulations, Dubai Mercantile Exchange Limited 

(DME), a derivatives exchange authorized by and subject to regulation by the Dubai Financial 

Services Authority in the Dubai Interational Financial Centre of the United Arab Emarates, 

submitted an application dated August 15, 2012 and including supplemental submissions filed 

through January 13, 2017 (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 DME 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)(l) of the Act, 7 

U.S.C. § 6(b)(l), that DME is granted an Order of Registration to permit direct access, as that 
term is defined in Section 4(b)(l)(A) of the Act, subject to the terms and conditions specified 

herein: 

(1) Compliance with the Act and Commission Regulations. DME 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 DME 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. DME 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. DME 

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 DME 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 for any reason in its own discretion, and after 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 20th day of June, 2017. 


By the Commission 


Christopher 

Secretar

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