```

[Federal Register: September 16, 1999 (Volume 64, Number 179)]
[Rules and Regulations]
[Page 50248-50252]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr16se99-6]

=======================================================================
-----------------------------------------------------------------------

COMMODITY FUTURES TRADING COMMISSION

17 CFR Part 30


Foreign Futures and Options Transactions

AGENCY: Commodity Futures Trading Commission.

ACTION: Supplemental order.

-----------------------------------------------------------------------

SUMMARY: The Commodity Futures Trading Commission (``Commission'' or
``CFTC'') is issuing a Supplemental Order authorizing members of the
Singapore International Monetary Exchange (``SIMEX'' or ``Exchange'')
who receive confirmation of relief under Commission Rule 30.10
(``Exchange Member'' or ``Member'') to solicit and accept orders from
U.S. customers for otherwise permitted transactions \1\ on

[[Page 50249]]

Eurex Deutschland (``Eurex'').\2\ This Supplemental Order is issued
pursuant to Commission Rule 30.10, which permits the Commission to
grant an exemption from certain provisions of the Commission's
regulations, and the Commission's Order dated December 30, 1988,\3\
granting relief under Rule 30.10 to designated members of SIMEX.

    \1\ Relief under this Supplemental Order extends only to those
products falling within the jurisdiction of the Commodity Exchange
Act (``CEA'' or ``Act'') and remains subject to existing product
restrictions under the CEA and Commission regulations and procedures
thereunder related to stock indices and foreign government debt (see
CEA section 2(a)(1)(B)(v) and Securities and Exchange Commission
rule 3as12-8, 17 CFR 240.3a12-8).
    \2\ Prior to June 18, 1998, Eurex Deutschland was known as the
Deutsche Terminborse (``DTB''). This order will refer to Eurex
Deutschland.
    \3\ 54 FR 806 (January 10, 1989).
---------------------------------------------------------------------------

EFFECTIVE DATE: September 16, 1999.

FOR FURTHER INFORMATION CONTACT: Laurie Plessala Duperier, Special
Counsel, or Andrew Chapin, Staff Attorney, Division of Trading and
Markets, Commodity Futures Trading Commission, Three Lafayette Centre,
1155 21st Street, NW, Washington, DC 20581. Telephone: (202) 418-5430.

SUPPLEMENTARY INFORMATION: The Commission has issued the following
Supplemental Order.

Supplemental Order Permitting Members of the Singapore
International Monetary Exchange Designated for Relief Under
Commission Rule 30.10 To Solicit and To Accept Orders From U.S.
Customers for Otherwise Permitted Transactions on Eurex

    On December 30, 1988, the Commission issued an Order granting
relief under Rule 30.10 to designated members of SIMEX (``Original
Order''). The Original Order limited the scope of permissible brokerage
activities undertaken by designated SIMEX Members on behalf of U.S.
customers to transactions ``on or subject to the rules of SIMEX.'' \4\
By letter dated February 4, 1998, SIMEX petitioned the Commission to
revise the Original Order to permit designated members of SIMEX to
solicit and accept orders from U.S. foreign futures and options
customers for ``otherwise permitted transactions'' on all non-U.S.
exchanges \5\ where Exchange Members ``are authorized'' by Singapore
law to conduct futures and options business for customers, subject to
SIMEX's and SIMEX Members' continued compliance with the terms of the
Original Order and with certain specified conditions.\6\ Subsequently,
SIMEX amended its request to limit the expanded relief to the
solicitation and acceptance of orders from U.S. customers for
``otherwise permitted transactions'' on Eurex, a German and Swiss
futures and options exchange.\7\
---------------------------------------------------------------------------

    \4\ Id. at 808 (condition 2(c)).
    \5\ The term ``non-U.S. exchange'' refers to a foreign board of
trade which is defined in Commission Rule 1.3(ss), 17 CFR 1.3(ss)
as: Any board of trade, exchange or market located outside the
United States, its territories or possessions, whether incorporated
or unincorporated, where foreign futures or foreign options
transactions are entered into. Thus, contracts that are traded on a
market that has been designated as a contract market pursuant to
section 5 of the Commodity Exchange Act (``CEA'' or ``Act'') are not
within the scope of this Order.
    \6\ Letter dated February 4, 1998, from Philip McBride Johnson,
counsel for SIMEX, to I. Michael Greenberger, Director, CFTC
Division of Trading and Markets (``February 4, 1998 Request'').
    \7\ Letter dated April 20, 1998, from Philip McBride Johnson,
counsel for SIMEX, to I. Michael Greenberger, Director, CFTC
Division of Trading and Markets.
    In this context, the Commission notes that the German
Bundesaufsichtsamt fur den Wertpapierhandel, the German government
authority responsible for, among other things, cooperation with
foreign authorities in matters relating to the supervision of
securities and futures exchanges, is a signatory, along with the
Commission, of the 1996 Declaration of Cooperation and Supervision
of International Futures Markets and Clearing Organizations and the
1998 amendment to the Declaration. The Bundesaufsichtsamt fur den
Wertpapierhandel has also signed an October 17, 1997 Memorandum of
Understanding with the Commission concerning consultation and
cooperation in the administration and enforcement of futures laws.
---------------------------------------------------------------------------

    In response to a prior Commission inquiry, the Monetary Authority
of Singapore (``MAS'') represented that ``the provision of information
by (any) MAS official to the [Commission] or any other regulatory body
for purposes of making due diligence checks, investigation or market
surveillance would not be prohibited by law.'' \8\ By letter dated
March 19, 1998, the Commission's Division of Trading and Markets
(``Division'') requested that MAS confirm that the information sharing
arrangement between the Commission and MAS extended to those
transactions that would be the subject of the requested supplemental
relief issued to SIMEX.\9\ On July 25, 1998, MAS represented that it
``would not be precluded by law from authorizing SIMEX to furnish any
such information, for the purpose of making due diligence checks,
investigation or market surveillance.'' \10\ The Division sought
additional clarification of the Commission's ability under Singapore
law to use, without restriction, information obtained from MAS in
enforcement proceedings brought by the Commission.\11\ MAS confirmed
that information provided by MAS for the purpose of making due
diligence checks, investigations or market surveillance may be used
without restriction in any public court proceeding, including any
enforcement proceeding brought by the Commission.\12\ The Division also
requested additional clarification as to whether MAS or SIMEX would be
required to obtain the consent of any account holders or other persons
prior to authorizing SIMEX to release information to the
Commission.\13\ On April 23, 1999, MAS confirmed that the consent of an
account holder or other persons prior to the release of information by
MAS or SIMEX to the Commission was not required.\14\
---------------------------------------------------------------------------

    \8\ Letter dated January 22, 1994, from Koh Beng Seng, MAS
Deputy Managing Director, to Andrea Corcoran, Director, Division of
Trading and Markets.
    \9\ Letter dated March 19, 1998, from Andrew S. Baer, Staff
Attorney, CFTC Division of Trading and Markets, Philip C. McBride
Johnson, counsel for SIMEX.
    \10\ Letter dated Julu 25, 1998, from Tharmon Shanmugaratnam,
MAS Deputy Managing Director, to Andrea Corcoran, Director, CFTC
Office of International Affairs.
    \11\ Letter dated December 1, 1998, from Laurie Plessala
Duperier, Special Counsel, CFTC Division of Trading and Markets, to
Tharman Shanmugaratnam, MAS Deputy Managing Director.
    \12\ Letter dated March 5, 1999, from Thanmugaratnam, MAS Deputy
Managing Director, to Laurie Plessala Duperier, Special Counsel,
CFTC Division of Trading and Markets.
    \13\ Letter dated March 22, 1999, from Laurie Plessala Duperier,
Special Counsel, CFTC Division of Trading and Markets, to Tharman
Shanmugaratnam, MAS Deputy Managing Director.
    \14\ Letter dated April 23, 1999, from Tharman Shanmugaratnam,
MAS Deputy Managing Director, to Laurie Plessala Duperier, Special
Counsel, CFTC Division of Trading and Markets.
---------------------------------------------------------------------------

    In issuing orders under Rule 30.10, the Commission evaluates
whether the particular foreign regulatory program provides a basis for
permitting substituted compliance for purposes of exemptive relief
pursuant to Rule 30.10. This requirement is designed to ensure that
U.S. customers receive comparable protection for trades entered into on
or subject to the rules of a foreign exchange regardless of whether the
intermediating party is registered with the Commission or has received
confirmation of Rule 30.10 relief. In this regard, U.S. FCMs must
comply with, for example, regulations dealing with trade practice and
auditing standards, minimum financial requirements and the segregation
of customer funds while trading on behalf of U.S. customers on foreign
exchanges. Similarly, regulatees or members of a Rule 30.10 order
recipient trading on behalf of U.S. customers must comply with
analogous requirements that have been deemed generally comparable by
the Commission in the Rule 30.10 order. The relief under a typical Rule
30.10 Order only extends to transactions entered into on an exchange
within the jurisdiction of the Rule 30.10 recipient.
    On occasion, the Commission has issued Rule 30.10 orders and/or
supplemental orders that permitted members of an exchange with
confirmation of Rule 30.10 relief to trade on behalf of U.S. customers
on

[[Page 50250]]

other authorized or designated exchanges outside the jurisdiction of
the Rule 30.10 recipient.\15\ To ensure that U.S. customers receive
adequate protection for transactions intermediated by non-U.S. persons
on or subject to the rules of a foreign exchange located outside the
jurisdiction of a Rule 30.10 recipient, the Commission requires the
jurisdiction to which the Rule 30.10 order is directed to demonstrate
that such transactions will be regulated as if they were executed on an
exchange located within the recipient's jurisdiction.
---------------------------------------------------------------------------

    \15\ In 1989, the Commission issued a series of Rule 30.10
orders authorizing firms designated by the U.K. Securities and
Investments Board (``SIB'') and certain U.K. ``Self-Regulating
Organisations'' (``SROs'') to conduct brokerage activities for U.S.
customers on any non-U.S. exchange under designated U.K. law. See 54
FR 21599, 21600 (May 19, 1989) (SIB), 54 FR 21604, 21605 (May 19,
1989) (Association of Futures Brokers and Dealers (``AFBD'')), 54 FR
21609, 21610 (May 19, 1989) (The Securities Association (``TSA'')),
and 54 FR 21614, 21615 (May 19, 1989) (Investment Management
Regulatory Organisation (``IMRO'')). The AFBD and TSA subsequently
merged to form the Securities and Futures Association, which became
the successor organization for Rule 30.10 purposes. See 56 FR 14017
(April 5, 1991). The SIB recently became the Financial Services
Authority (``FSA'').
    In 1996, the Commission issued an order under Rule 30.10 to the
New Zealand Futures and Options Exchange (``NZFOE'') permitting
NZFOE Dealers to solicit and accept orders from U.S. customers for
otherwise permitted transactions on the NZFOE and on any non-U.S.
exchange where such Dealers are permitted under New Zealand law to
conduct futures business for customers. The Commission also has
issued similar orders granting supplemental relief to the Sydney
Futures Exchange (``SFE''), 58 FR 19209 (April 13, 1993), and the
Montreal Exchange, 62 FR 8875 (February 27, 1997).
---------------------------------------------------------------------------

    Upon due consideration, and for the reasons stated in the Original
Order and above, the Commission has determined to issue this
Supplemental Order permitting SIMEX Members to which Rule 30.10 relief
has been confirmed by the Commission or by the National Futures
Association to solicit and to accept orders from U.S. customers for
otherwise permitted transactions in futures and option (including
options on futures) on or subject to the rules of Eurex.\16\
---------------------------------------------------------------------------

    \16\ The Commission notes that the Division of Trading and
Markets originally issued a no-action letter permitting Eurex
electronic terminals providing access to Eurex to be placed in the
United States without Eurex having to acquire contract market
designation pursuant to Section 5 of the CEA and allowing Eurex
members to execute transactions involving Eurex futures and options
products from U.S.-based Eurex terminals. See CFTC Staff Letter No.
96-28, (1996-1998 Transfer Binder) Comm. Fut. L. Rep. (CCH) para.
26,669 (February 29, 1996), as modified by, CFTC Staff Letter No.
98-42 (1996-1998 Transfer Binder) Comm. Fut. L. Rep. (CCH) para.
27,365 (Eurex members who were not already operating U.S.-based
Eurex terminals were prevented from placing Eurex terminals in the
United States absent written authorization). On August 10, 1999, the
Division of Trading and Markets issued another no-action letter
expanding the relief set forth in CFTC Staff Letter 96-28 to permit
current and future Eurex members to install additional U.S.-based
Eurex terminals and authorizing Eurex members to accept orders
through U.S. automated order routing systems (``AORSs'') from U.S.
customers for transmission to Eurex. See Letter from I. Michael
Greenberger, Director, Division of Trading and Markets, to Edward J.
Rosen, Esq., counsel for Eurex, dated August 10, 1999. Although the
relief provided for within this Supplemental Order will permit SIMEX
Members to intermediate trades for U.S. customers on Eurex, nothing
herein permits SIMEX electronic terminals providing access to SIMEX
and Eurex to be placed in the United States, or otherwise authorizes
SIMEX Members to accept orders through U.S. AORSs from U.S.
customers for transmission to either SIMEX or Eurex, without SIMEX
having to acquire contract market designation pursuant to section 5
of the CEA or receive comparable no-action relief.
---------------------------------------------------------------------------

    The expanded Rule 30.10 relief provided under this Supplemental
Order, however, is contingent upon SIMEX's and SIMEX Members'
compliance with certain conditions outlined below. In its April 20,
1998 Request, SIMEX represented on its own behalf and on behalf of
SIMEX Members to undertake the following conditions:

    (1) SIMEX will carry out its compliance, surveillance and rule
enforcement activities with respect to solicitations and acceptance
of orders by designated Exchange Members of U.S. customers for
futures and options business on Eurex to the same extent that it
conducts such activities in regard to SIMEX business;
    (2) SIMEX will cooperate with the Commission with respect to any
inquiries concerning any activity which is the subject of this
Supplemental Order, including sharing the information specified in
appendix A to the part 30 rules, 17 CFR part 30, on an ``as needed
basis,'' on the same basis as set forth in the Original Order;
    (3) Each SIMEX Member firm seeking to engage in activities which
are the subject of this Supplemental Order must agree to provide to
the Commission the books and records related to such activities
required to be maintained under the applicable SIMEX rules and laws
in effect in Singapore on the same basis as set forth in the
Original Order.\17\

    \17\ SIMEX Member firms which currently operate under the
Original Order will be deemed to have consented to condition (3) by
effecting transactions pursuant to this Supplemental Order. SIMEX
Members which apply for confirmation of Rule 30.10 relief subsequent
to the issuance of this Supplementary Order must submit
representations to the Commission consistent with condition (3) of
this Order.

    Furthermore, the Commission seeks to ensure that the funds of U.S.
customers will be subject to consistent protection irrespective of
whether the SIMEX Member effects trades directly on SIMEX, on Eurex or
through the intermediation of a foreign exchange member. Accordingly,
the expanded relief permitting SIMEX Member firms to engage in foreign
futures and options transactions for U.S. customers on Eurex under this
Supplemental Order will be contingent upon compliance by the SIMEX
---------------------------------------------------------------------------
Member firm with the following additional conditions:

    (4) The SIMEX Member firm will continue to comply with the terms
of the Original Order with respect to transactions effected for U.S.
customers on the SIMEX; \18\
---------------------------------------------------------------------------

    \18\ See CFTC Advisory 87-4, Foreign Futures and Options:
Compliance and Operational Questions and Answers, November 18, 1987,
reprinted in Comm. Fut. L. Rep. (CCH) para. 23,975.
---------------------------------------------------------------------------

    (5) With respect to transactions effected on Eurex on behalf of
U.S. customers, whether by the SIMEX Member directly as a clearing
member of Eurex or through the intermediation of one or more
intermediaries, the SIMEX Member complies with paragraphs 1, 2 or 3
below:
    1. a. Must maintain in a separate account or accounts money,
securities and property in an amount at least sufficient to cover or
satisfy all of its current obligations to U.S. customers denominated
as the foreign futures or foreign options secured amount;
    b. May not commingle such money, securities and property with
the money, securities or property of the Member, with any
proprietary account of such Member and may not use such money,
securities and property to secure or guarantee the obligations of,
or extend credit to, the member or any proprietary account of the
Member;
    c. May deposit together with the secured amount required to be
on deposit in the separate account or accounts referred to in
paragraph (5)1.a. above, money, securities or property held for or
on behalf of non-U.S. customers of the Member for the purpose of
entering into foreign futures and options transactions. In such a
case, the amount that must be deposited in such separate account or
accounts must be no less than the greater of (1) the foreign futures
and foreign options secured amount required by paragraph (5)1.a.
above, plus the amount that would be required to be on deposit if
all such customers (including non-U.S. customers) were subject to
such requirement, or (2) the foreign futures and foreign options
secured amount required by paragraph (5)1.a. above, plus the amount
required to be held in a separate account or accounts for or on
behalf of such non-U.S. customers pursuant to any applicable law,
rule, regulation or order, or any rule of any self-regulatory
organization;
    d. The separate account or accounts referred to in paragraph
(5)1.a. above must be maintained under an account name that clearly
identifies them as such, with any of the following depositories:

    (1) Another person registered with the Commission as a futures
commission merchant (``FCM'') or a firm exempted from FCM
registration pursuant to CFTC Rule 30.10;
    (2) The clearing organization of any foreign board of trade;
    (3) Any member and/or clearing member of such foreign board of
trade; or

[[Page 50251]]

    (4) A bank or trust company which any of the depositories
identified in (1)-(3) above may use consistent with the applicable
laws and rules of the jurisdiction in which the depository is
located; and
    e. The separate account or accounts referred to in paragraph
(5)1.a. above may be deemed a good secured amount depository only if
the Member obtains and retains in its files for the period required
by applicable law and SIMEX rules a written acknowledgment from such
separate account depository that it:
    (1) Was informed that such money, securities or property are
held for or on behalf of customers of the Member; and
    (2) Will ensure that such money, securities or property will be
held and treated at all times effectively in accordance with the
provisions of this paragraph; and, provided further, that the Member
assures itself that such separate account depository will not pass
on such money, securities or property to any other depository unless
the Member has assured itself that all such other separate account
depositories will treat such funds in a manner consistent with the
procedures described in paragraph (5)1 herein; \19\ or,
---------------------------------------------------------------------------

    \19\ This proviso is intended to ensure that the originating
Member makes reasonable inquiries and understands prior to the
initiation of a trade the conditions under which its customers'
funds will be held at all subsequent depositories, so that it may
determine whether it may count a particular intermediary or clearing
house as a good separate account depository for purposes of this
Order or must alternatively set aside funds in the manner set forth
in paragraph (5)2. The Member initially would discuss with its
immediate intermediary broker whether funds will be transferred to
any subsequent depositories and determine the conditions under which
such funds would be treated. Compliance with this condition would be
satisfied by the Member obtaining relevant information or assurances
from appropriate sources such as, for example, the immediate
intermediary broker, exchanges or clearinghouses, exchange
regulators, banks, attorneys or regulatory references.
    This requirement is intended to ensure that funds provided by
U.S. customers for foreign futures and options transactions, whether
held at U.S. FCM under Commission rule 30.7(c) or a firm exempted
from registration as an FCM under CFTC Rule 30.10, will receive
equivalent protections at all intermediaries and exchange clearing
organizations. Thus, for example, an exchange that does not
segregate customer from firm obligations and firms which trade on
such exchanges and which do not arrange to comply otherwise with any
of the procedures described in paragraph (5) above would not be
deemed an acceptable separate account. Specifically, such exchange
or firms could not provide a valid and binding acknowledgement to a
Rule 30.10 exempted firm.
    This provision is not intended to create a duty on a Rule 30.10
firm that it audit any intermediaries for continued compliance with
the undertakings it has obtained based on discussions with those
relevant intermediaries. It is intended to make clear that firms
must engage in a due diligence inquiry before customer funds are
sent to another intermediary and take appropriate action (i.e., set
aside funds) in the event it becomes aware of facts leading it to
conclude that customer funds are not being handled consistent with
the requirements of Commission rules or relevant Rule 30.10 order by
any subsequent intermediary or clearing house.
---------------------------------------------------------------------------

    2. Must set aside funds constituting the entire secured amount
requirement in a separate account as set forth in Commission Rule
30.7, 17 CFR 30.7, and treat those funds in a manner described by
that rule; or
    3. Complies with the terms and procedures of paragraph 1 or 2,
except that the amount required to be segregated under SIMEX rules
and Singapore law may be substituted for the secured amount
requirement as set forth in such paragraphs.

Any Singapore laws or regulations or SIMEX rules that would permit a
SIMEX Member to obtain from its customers a waiver, acknowledgment, or
similar document in which such customer effectively waives the right to
segregation would be inconsistent with compliance with paragraphs 1, 2
or 3.
    The expanded Rule 30.10 relief provided by this Supplemental Order
is contingent upon SIMEX's and SIMEX Members' continued compliance with
the Original Order and enumerated conditions therein. The expanded Rule
30.10 relief provided under this Supplemental Order is also contingent
upon MAS's compliance with the terms and conditions of the information
sharing arrangement with the Commission described herein.
    This Supplemental Order is issued based on the information provided
to the Commission as set forth herein, including the letter dated
February 4, 1998 from SIMEX and the letter dated April 23, 1999 from
MAS. Any changes or material omissions may require the Commission to
reconsider the authorization granted in this Supplemental Order.
    Further, if experience demonstrates that the continued
effectiveness of this Order in general, or with respect to a particular
Member, would be contrary to public policy or the public interest, or
that the systems in place for the exchange of information or other
circumstances do not warrant continuation of the exemptive relief
granted herein, the Commission may condition, modify, suspend,
terminate, withhold as to a specific Member, or otherwise restrict the
exemptive relief granted in this Order, as appropriate, on its own
motion. If necessary, provisions will be made for servicing existing
client positions.
    Should SIMEX seek to extend its Rule 30.10 relief to allow its
members to solicit and accept orders form U.S. customers for otherwise
permitted transactions on any non-U.S. exchange authorized by Singapore
law, it must: (1) Prohibit its members from intermediating otherwise
permitted transactions for U.S. customers on unapproved foreign
exchanges as set forth under local law, and must specify which
exchanges are authorized by local law; \20\ (2) represent that member
firms with U.S. customers will comply with all the terms and conditions
of the original Rule 30.10 Order with respect to transactions entered
into on or subject to the rules of a foreign exchange located outside
its jurisdiction; and (3) confirm that it has the authority and the
ability to enforce its laws, rules and/or regulations with respect to
those transactions to the same extent that it conducts such activities
on an exchange located within its jurisdiction. Other Rule 30.10 order
recipients requesting expanded relief must make the above
representations and showings.
---------------------------------------------------------------------------

    \20\ For example, in the United Kingdom, IMRO and SFA have
received Supplemental Rule 30.10 Orders from the Commission that
authorize their member firms to handle transactions on behalf of
U.S. customers on non-U.K. exchanges determined by the FSA to meet
adequate standards of investor protection, See 62 FR 10447 (March 7,
1997)(SFA); 62 FR 10449 (March 7, 1997)(IMRO). Pursuant to the
United Kingdom Financial Services Act, these exchanges are
classified as Designated Investment Exchanges (``DIEs'') See, e.g.,
62 FR 10447, n.3. To determine whether a non-U.K. exchange qualifies
as a DIE, the SIB evaluates the foreign exchange's regulatory
program according to standards set forth in its own rules and
regulations. See, e.g., id. (citing the SFA Financial Services
(Glossary and Interpretation) Rules and Regulations 1990). The
Commission has also authorized designated members of the SFE to
solicit and accept orders from U.S. customers for otherwise
permitted transactions on any non-U.S. exchange ``recognized'' by
Australian law. See 58 FR 19209 (April 13, 1993). Section 9(b) of
the Australian Corporations Law requires the Australian Attorney-
General to confirm a foreign exchange as ``recognized'' before an
Australian futures broker may enter into futures or options
transactions on that exchange on behalf of another person. Id. at
19210. If the Rule 30.10 jurisdiction does not have a specific
statute regarding authorized or recognized exchanges, then the
jurisdiction must specify that in its application.
---------------------------------------------------------------------------

List of Subjects in 17 CFR Part 30

    Commodity futures, Commodity options, Foreign futures and options.

    Accordingly, 17 CFR part 30 is amended as set forth below:

PART 30--FOREIGN FUTURES AND FOREIGN OPTIONS TRANSACTIONS

    1. The authority citation for part 30 continues to read as follows:

    Authority: 7 U.S.C. 1a, 2, 4, 6, 6c and 12a, unless otherwise
noted.

    2. Appendix C to Part 30 is amended by adding the following
citation to the existing entry for the Singapore International Monetary
Exchange to read as follows:

Appendix C to Part 30--Foreign Petitioners Granted Relief From the
Application of Certain of the Part 30 Rules Pursuant to Sec. 30.10

* * * * *
FR date and citation: ________, 1999, ________ FR ________.


[[Page 50252]]


    Issued in Washington, DC on September 9, 1999.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 99-24017 Filed 9-15-99; 8:45 am]
BILLING CODE 6351-01-M
```

----

**======== RETURN    TO INDEX ========**

----