ADDENDUM DATED ~fay 15, 1989 

TO THE FINANCIAL INFORMATION 

SHARING MEMORANDUM OF UNDERSTANDING 

1. we refer to the Financial Information Sharing Memorandum of 

Understanding ("FISMOU") entered into on 1 september 1988 by, 

among others, the Securities and Investments Board ("SIB"), 

Commodity Futures Trading Commission ("CFTC"), United Kingdom 

Self-Regulating Organisations ("SROs 11 ) and United States SROs, as 

defined in the FISMOU. 

2. we further refer to the order of the CFTC dated May 15, 1089 

granting an exemption under Rule 30.10 of the CFTC's rules to the 

SIB and certain U.K. SROs and to those firms which they designate 

pursuant to which the CFTC will, among other things, defer to the 

financial regulation rules of the relevant U.K. regulator. 

3. In consideration of the foregoing, and of the need to share 

financial information from time to time and on a regular basis 

with respect to firms in the United Kingdom granted an exemption 

under Rule 30.10, the undersigned parties hereby agree to this 

Addendum as permitted by paragraph (2) of Article VI of FISMOU: 

(a) In accordance with paragraph 3(c) of Article III of FISMOU, 

the SIB or the relevant U.K. SRO will use its best efforts 

to notify and discuss with the CFTC if it becomes aware, 

through a U.K. SRO or otherwise, of any information which in 

its respective judgment materially and adversely affects the 

financial or operational viability of any firm domiciled in 

the United Kingdom and doing business in the United States 

under a comparability exemption granted pursuant to Rule 

30.10 of the CFTC's rules. 

(b) The. SIB or the relevant U.K. SRO will provide to the CFTC, 

commencing with the first filing due after the effective 

date of this Addendum, as promptly as practicable after 

receipt of the relevant report, the following information 

with respect to a firm domiciled in the United Kingdom doing 
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business in the United States under a comparability 

exemption granted pursuant to Rule 30.10: 

(i) Copies of: (A) on an annual basis, a statement 

containing, with respect to such firm, financial 

information analogous to that set forth in tpe cover 

sheet required to be provided by U.S. SROs to the 

relevant U.K. regulator pursuant to Article III of 

FISMOU concerning an FCM; or (B) the annual audited 

financial statement, including the annual auditors 

report, required under the rules of the SIB or the 

relevant U.K. SRO. In either case, the SIB or relevant 

U.K. SRO will represent that it has reviewed the annual 

audited financial statement and that, based solely on 

its review of the information in that filing, it has no 

reason to believe (or it has reason to believe) that 

there exists a violation of the financial resources 

requirements of the SIB or relevant U.K. SRO 

promulgated under the FSA. If the SIB or relevant U.K. 

SRO provides the cover sheet in accordance with (A) 

above, the SIB or relevant U.K. SRO will provide a copy 

of the firm's annual audited financial statement upon 

request of the CFTC. 

(ii) Details of any notifications received under the rules 

of the SIB or relevant U.K. SRO regarding any breach of 

the financial resources requirements. 

(c) The SIB or relevant U.K. SRO will provide the Commission 

simultaneously with its notification of the sponsorship of a 

firm domiciled in the United Kingdom wishing to do business 

in the United States under a comparability exemption 

pursuant to Rule 30.10 with the following information: 

Copies of: (i) a statement containing, with respect to 

such firm, financial information analogous to that set 

forth in the cover sheet required to be provided by 

u.s. SROs to the relevant U.K. regulator pursuant to 

Article III of FISMOU concerning an FCM; or (ii) the 

most recent annual audited financial statement, 

including the annual auditors report, required under 

the rules of the SIB or the relevant U.K. SRO. In 

either case, the SIB or relevant U.K. SRO will 

represent that it has reviewed the annual audited 

financial statement and that, based solely on its 

review of the information in that filing, it has no 

reason to believe (or it has reason to believe) that 

there exists a violation of the financial resources 

requirements of the SIB or relevant U.K. SRO promulgated under the FSA. If the SIB or relevant U.K. SRO 

provides the cover sheet in accordance with (i) above, 

the SIB or relevant U.K. SRO will provide a copy of the 
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firm's annual audited financial statement upon request 

of the CFTC. 

(d) The CFTC may make information received pursuant to this 

Addendum available to National Futures Association. 

(e) Except as otherwise provided herein, the provisions of the 

FISMOU shall apply to this Addendum, to the extent relevant. 

Signed this 15th day of 

United States Commodity 

Futures Trading Commission 

by 

National Futures Association 

by 

!lay 1989. 

Securities and Investments 

Board~~ 

by~~ 

The Securities Association ~' .~ - . !\ ·[ •'--

by \-j " ~ j G L.-v..~:::r,. 

The Ass elation ofJFutures 

Broker and Dealers Limited 

by 

Investme 

RegulatCfY 

by r\. 

Ltd. 

I