{"data":{"id":"us/17-cfr-48.3","jurisdiction":"us","citation":"17 CFR 48.3","heading":"Registration required.","body":"(a) Except as specified in this part, it shall be unlawful for a foreign board of trade to permit direct access to its electronic trading and order matching system unless and until the Commission has issued a valid and current Order of Registration to the foreign board of trade pursuant to the provisions of this part.\n(b) It shall be unlawful for a foreign board of trade or the clearing organization to make false or misleading statements in or in connection with any application for registration under this part.","path":["Title 17—Commodity and Securities Exchanges","CHAPTER I—COMMODITY FUTURES TRADING COMMISSION","PART 48—REGISTRATION OF FOREIGN BOARDS OF TRADE"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-17.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:31Z","sha256":"b3cbfba8058bdbca95d977766ccdc03bfbb8458d425091247f9ab063c6e0ef86","source_id":"us-cfr","stale":true,"prev":"us/17-cfr-48.2","next":"us/17-cfr-48.4"},"notice":"GroundRules: Original legal text. Not legal advice."}