CME has issued a Special Executive Report listing out amendments to Rule 432 (General Offenses) of the CME, CBOT, NYMEX, COMEX, and CME SEF rulebooks. These amendments are aimed at specifically prohibiting:

  • attempted fraudulent or bad faith actions;
  • the intentional or reckless use or attempted use of a manipulative device, scheme or artifice to defraud; and
  • the intentional or reckless delivery or attempt to deliver false, misleading or inaccurate information that may affect prices.

These rule amendments were adopted at the request of the CFTC, and are meant to track the prohibitions listed in CFTC Regulation 180.1. The amendments, which expand CME’s enforcement power to punish and deter market participants engaging in misconduct, are set to take effect on February 16, 2017.