07-14 ;
Regulation 1.33;
Interpretation
The Division of Clearing and Intermediary Oversight provided an Interpretation that a registered futures commission merchant ("FCM") would be in compliance with Regulation 1.33, which requires an FCM to furnish its customers certain Account Statements, where the customer has been provided electronic access via a password-protected website to the information required to be transmitted. This relief is subject to conditions that the FCM: (1) receive a written statement from the customer acknowledging and agreeing to the foregoing arrangement; and (2) promptly furnish to the customer, upon its request, paper versions of the customer’s Account Statements.