Exemptive Rule

Joint Order To Exclude Indexes Composed of Certain Index Options From the Definition of Narrow-Based Security Index Pursuant to Section 1a(25)(B)(vi) of the Commodity Exchange Act and Section 3(a)(55)(C)(vi) of the Securities Exchange Act of 1934

Overview

The Commodity Futures Trading Commission ("CFTC') and the Securities and Exchange Commission ("SEC') (collectively, "Commissions') by joint order under the Commodity Exchange Act ("CEA') and the Securities Exchange Act of 1934 ("Exchange Act') are excluding certain security indexes from the definition of "narrow- based security index.' Specifically, the Commissions are excluding from the definition of the term "narrow-based security index' certain volatility indexes composed of series of index options on broad-based security indexes.

Title
Joint Order To Exclude Indexes Composed of Certain Index Options From the Definition of Narrow-Based Security Index Pursuant to Section 1a(25)(B)(vi) of the Commodity Exchange Act and Section 3(a)(55)(C)(vi) of the Securities Exchange Act of 1934
Release Number
34-61020
SEC Issue Date
Federal Register Publish Date
Document Citation

74 FR 61116

Last Reviewed or Updated: Nov. 17, 2009