Which organization regulates commodity futures exchanges like ICE Futures Canada?

Which organization regulates commodity futures exchanges like ICE Futures Canada?

• A. The Canadian Securities Administrators
• B. The Commodity Futures Trading Commission
• C. The Manitoba Securities Commission
• D. The Ontario Securities Commission

Answer: (C)

The regulation of commodity futures exchanges in Canada, including ICE Futures Canada, primarily falls under the jurisdiction of the Commodity Futures Trading Commission (CFTC) in the United States. However, in Canada, the regulation of such exchanges typically involves provincial securities commissions.

The correct choice emphasizes that while various securities commissions exist, the most relevant organization with regulatory authority for commodity futures exchanges at a national level is the CFTC. In Canada, the main regulatory bodies for commodity futures would be the provincial securities commissions, but the oversight for futures trading is coordinated through organizations like the Canadian Securities Administrators, which includes various provinces and territories.

In this context, the Manitoba Securities Commission does have a role in regulating futures trading within Manitoba, but when considering the broader regulatory framework for commodity futures exchanges, the CFTC is the organization that oversees the primary regulations governing such entities.

Therefore, while the answer indicates the Manitoba Securities Commission, this reflects a more localized perspective on regulation, whereas the overarching regulatory authority for futures exchanges is, in practice, more aligned with national standards set by the CFTC or similar organizations.