# Retail Foreign Exchange Transactions
> **US Securities and Exchange Commission** · Interim final temporary rule; request for comments. · Published 2011-07-15 · Effective 2011-07-15 · 76 FR 41676
## Document
- **Document number:** 2011-18009
- **Category:** other
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 76 FR 41676
- **CFR reference:** 17 CFR 240
- **Publication date:** 2011-07-15
- **Effective date:** 2011-07-15
- **Docket:** Release No. 34-64874
## Abstract

Under section 742(c) of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act"), certain foreign exchange transactions with persons who are not "eligible contract participants" (commonly referred to as "retail forex transactions," and as further defined below) with a registered broker or dealer ("broker-dealer") will be prohibited as of July 16, 2011, in the absence of the Commission adopting a rule to allow such transactions under terms and conditions prescribed by the Commission. The Commission is adopting interim final temporary Rule 15b12-1T to allow a registered broker-dealer to engage in a retail forex business until July 16, 2012, provided that the broker-dealer complies with the Securities Exchange Act of 1934 ("Exchange Act"), the rules and regulations thereunder, and the rules of the self-regulatory organization(s) of which the broker-dealer is a member ("SRO rules"), insofar as they are applicable to retail forex transactions.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2011/07/15/2011-18009/retail-foreign-exchange-transactions)
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