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REGISTRATION IS UNDERWAY. Thus businesses which provide services in relation to FOREX are required to obtain a licence from the MFSA. Accounts, agreements, and transactions subject to jurisdiction of [CFTC]; relation to jurisdiction of Securities and Exchange Commission and Federal and State courts; excepted transactions (i) Head fake forex converter [CFTC] shall have exclusive jurisdiction, except to the extent otherwise provided in section 2a of head fake forex converter title, with respect to accounts, agreements (including any transaction which is of the character of, or fordx commonly known to the trade as, an option, privilege, fakr, bid, offer, put, heqd, advance guaranty, or decline guaranty), and transactions involving contracts of sale of a commodity for future delivery, traded or executed on a contract market designated pursuant to section 7 of this title or any other board of trade, exchange, or market, and transactions subject to regulation by the [CFTC] pursuant to section 23 of this title.
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