---
kind: "section"
citation: "17 C.F.R. § 48.3"
title: "17"
number: "48.3"
heading: "Registration required."
url: "https://uscodex.org/cfr/17/48.3"
---

# §48.3. Registration required.

- (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.
- (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.

## Notes

### Authority

Authority: 7 U.S.C. 5, 6 and 12a, unless otherwise noted.

### Source

Source: 76 FR 80698, Dec. 23, 2011, unless otherwise noted.