New Delhi, Nov 5 : The members registered on BSE have now been permitted to solicit and accept futures and options orders and related funds from customers located in the US for futures and options transactions on the Indian stock exchange without registering as a futures commission merchant. In a statement on Thursday, the BSE said that it has received an order from Commodity Futures Trading Commission (CFTC) granting an exemptive relief under CFTC Regulation 30.10 to designated members of BSE from the Commodity Futures Trading Commission. This exemption will benefit designated members of the BSE from the application of some CFTC's foreign futures and option rules, the statement added. Under CFTC Regulation 30.10, persons located outside the US, who are subject to comparable regulatory framework in the country in which they are located, should seek an exemption from application of certain CFTC regulations, including the requirement of registration. With the order now, the members of BSE will now be required to seek fresh registration for futures trading on behalf of customers located in the US. Commenting on the advantages of the CFTC 30.10 Exemptive Relief, Sameer Patil, Chief Business Officer, BSE said, "BSE had applied for this exemptive relief in a representative capacity, on behalf of its members. This is a welcome move as it will benefit the BSE members and provide the US customers increased access to Indian futures and options markets." The relief is based on the finding by the CFTC that the local laws and regulations in India applicable to members of BSE provide a comparable level of customer protection, including licensing standards, minimum financial requirements, and compliance procedures. Finsec Law Advisors acted as the sole counsel for BSE in securing the exemptive relief and represented BSE before the CFTC. /IANS