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Harish Manwani appointed as independent director of Tata Sons

Press Trust of India  |  Mumbai 

today said it has appointed former Global chief operating officer and the non-executive of Hindustan Unilever, as an

is also the global executive advisor to Blackstone Private Equity group.

He serves on the board of directors of Qualcomm Incorporated, Gilead Sciences, Nielsen Holdings, Whirlpool Corporation, (EDB) of and is the of the executive board of the Indian School of *********** NSE derivatives access to US clients enabled *

(NSE) today said it has become the first Indian stock exchange to be granted the Part 30 exemption from (CFTC), that will enable exchange members to trade in derivatives for US clients.

The CFTC issued a Part 30 exemptive order to the NSE as part of its programme of regulatory deference to foreign regulatory frameworks. Part 30 exemptive programme of CFTC provides US customers with increased access to foreign futures markets, NSE said in a statement here.

The order issued to NSE permits its members to accept US customer funds directly for the purpose of trading in futures and options contracts on NSE without the members having to register with the CFTC as a futures commission merchant.

The relief is based on the finding by the CFTC that the local laws and regulations in applicable to NSE members provide a comparable level of customer protection, including licensing standards, minimum financial requirements, and robust compliance programs, it said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 18 2018. 19:40 IST