CFTC Sets Conditions for Index Futures to Become Perpetual Contracts
Designated contract markets must meet customer-protection and filing requirements. The no-action positions expire Oct. 20, 2026.
The Commodity Futures Trading Commission set customer-protection and filing conditions for designated contract markets (DCMs) seeking to remove expiration dates from existing broad-based security index futures and convert them into perpetual contracts.
DCMs must solicit feedback from market participants with open positions, provide advance notice and an opportunity to exit positions, and offer appropriate risk disclosures. They must leave other material contract terms unchanged.
The DCMs must also file amendments under CFTC Regulations 40.5 or 40.6 and certify compliance with all conditions in the letter.
The no-action positions in the letter expire Oct. 20, 2026.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.