SECURITIES AND EXCHANGE COMMISSION ISSUES PROPOSED RULE: EXEMPTION OF DEBT OBLIGATIONS ISSUED BY THE EUROPEAN UNION UNDER THE SECURITIES EXCHANGE ACT OF 1934 FOR PURPOSES OF TRADING FUTURES CONTRACTS ON THOSE SECURITIES

WASHINGTON, Sept. 2 -- Securities And Exchange Commission has issued a proposed rule called: Exemption of Debt Obligations Issued by the European Union Under the Securities Exchange Act of 1934 for Purposes of Trading Futures Contracts on Those Securities.

The proposed rule was published in the Federal Register on Sept. 2 by J. Matthew DeLesDernier, Deputy Secretary.

Summary: The Securities and Exchange Commission (the "Commission" or the "SEC") is proposing an amendment to designate debt obligations issued by the European Union as "exempted securities" for the purposes of marketing and trading futures contracts on those securities in the United States or to U.S. persons. The amendment is designed to permit futures trading on debt obligat...