January 24, 2015 BY Andrew Saks-McLeod

CFTC to allow foreign-based IBs to use domestic accounting rules in their reports

The CFTC now permits foreign-domiciled IBs to file audited and unaudited accouns, as applicable, using local accounting principles in effect where the IB is domiciled in lieu of U.S. Generally Accepted Accounting Principles or International Financial Reporting Standards.

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