Code of Federal Regulations, Title 17 Commodity and Securities Exchanges 241 2022

Title 17 regulates commodities and securities exchanges, including the Commodity Futures Trading Commission, the Securities and Exchange Commission, and the Department of the Treasury.

Format: Paperback / softback
Length: 1 pages
Publication date: 31 May 2023
Publisher: Rowman & Littlefield

Title 17 is a comprehensive set of regulations that govern commodities and securities exchanges in the United States. It encompasses a wide range of rules and regulations established by various regulatory bodies, including the Commodity Futures Trading Commission (CFTC), the Securities and Exchange Commission (SEC), and the Department of the Treasury.

The primary objective of Title 17 is to ensure the fair and transparent operation of these markets, protect investors, and maintain market stability. It sets forth specific requirements for the registration, regulation, and supervision of exchanges, brokers, and other participants in the financial markets.

One of the key provisions of Title 17 is the Commodity Exchange Act (CEA), which was enacted in 1936 to regulate commodity futures trading. The CEA establishes a framework for the trading of commodities, including agricultural products, metals, and energy, and sets forth rules for the conduct of market participants, including requirements for margin deposits, trade reporting, and price limits.

The Securities Exchange Act (SEA) is another important component of Title 17. It was enacted in 1934 to regulate the securities markets, including stocks, bonds, and mutual funds. The SEA sets forth rules for the registration, disclosure, and trading of securities, as well as for the conduct of market participants, including requirements for financial reporting, insider trading restrictions, and fraud prevention measures.

In addition to these regulatory frameworks, Title 17 also includes provisions related to the regulation of derivatives, including futures, options, and swaps. These derivatives are financial instruments that derive their value from an underlying asset, such as a commodity, stock, or interest rate. Title 17 establishes rules for the trading of derivatives, including requirements for margin deposits, trade reporting, and risk management practices.

To enforce these regulations, Title 17 establishes a number of regulatory bodies, including the CFTC, the SEC, and the National Futures Association (NFA). These bodies are responsible for monitoring and enforcing market rules, investigating potential violations, and taking appropriate action against those who engage in fraudulent or unethical practices.

Overall, Title 17 is a critical component of the financial regulatory framework in the United States. It plays a vital role in ensuring the fair and transparent operation of commodities and securities markets, protecting investors, and maintaining market stability. By implementing these regulations, the United States has been able to foster a robust and resilient financial system that has contributed to the country's economic growth and prosperity.

Weight: 1329g
Dimension: 230 x 153 x 54 (mm)
ISBN-13: 9781636711775