A member of
Eurex
1. Introduction
The Executive Board of Eurex Frankfurt AG decided the following:
a. Clarification of the “General Terms and Conditions to the Agreement on the technical connection and the utilization of the Exchange-EDP of Eurex Deutschland (Connection Agreement) regarding the 1 July 2013 class no-action relief (the “Class No-Action Relief”) issued by the U.S. Securities and Exchange Commission (see attachment, § 2 Section 11).
b. Further amendments to the connection agreement have been made (see attachment, § 1 and § 4) due to the merging of the Price List to the Connection Agreement and the Price List to the Provider Connection Agreement (please see Eurex Circular 090/19). Amendments in the context of a revocation regarding the receipt of advertisements have also been made by inserting of a new e-mail address (see attachment, § 12).
The amendments will come into effect on 16 December 2019.
2. Required actions
The attached amendments are deemed to have been approved if the Trading Participant does not lodge objections with Eurex Frankfurt AG within six (6) weeks of notification of the amendments.
3. Details of the initiative
Eurex Frankfurt AG is adding clarifying language to the Connection Agreement regarding the Class No-Action Relief. The Class No-Action Relief, which Eurex Deutschland co-joined on 1 December 2015, allows employees of Eurex Frankfurt AG and Deutsche Börse AG as well as Eurex Trading Participants to familiarise Eligible Broker-Dealers or Eligible Institutions (as defined in the Class No-Action Relief) with a broad array of Eurex options contracts. A complete list of Eligible Options is available on the Eurex website www.eurexchange.com under the following path:
Products > Eurex derivatives in the U.S. > Eligible options under SEC class no-action relief
Eurex Frankfurt AG is adding a clarifying Section 11 in § 2 (Connection Agreement) to provide that Eurex Trading Participants, which wish to take advantage of the Class No-Action Relief to familarise Eligible Broker-Dealers or Eligible Institutions with Eligible Options, must comply with the terms and conditions set forth in the Class No-Action Relief, including obtaining and maintaining a record of the representations set forth in the Class No-Action Relief.
Attachment:
Recipients: | All Trading Participants of Eurex Deutschland and Vendors |
Target group(s): | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination |
Contact: | info.USA@eurexchange.com |
Authorized by: | Michael Peters |
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