Rules and Regulations Governing Commodity Futures Exchanges, Futures Commission Merchants, Floor Brokers, Commodity Futures Associations, Commodity Pool Operators and Commodity Advisors

June 30, 1980RULES AND REGULATIONS GOVERNING COMMODITY FUTURES EXCHANGES, FUTURES COMMISSION MERCHANTS, FLOOR BROKERS, COMMODITY FUTURES ASSOCIATIONS, COMMODITY POOL OPERATORS AND COMMODITY ADVISORSPursuant to the provisions of Presidential Decree No. 902-A, the following rules and regulations governing commodity futures exchanges, futures commission merchants, floor brokers, commodity futures associations, commodity pool operators and commodity advisors are hereby promulgated, effective immediately, for the information and guidance of all concerned:TITLE ICommodity Futures ExchangeRULE 1. Futures transactions prohibited except through designated contract markets. — It shall be unlawful for any person to deliver personally or for transmission through the mails or by telegraph, telephone, wireless or other means of communication any offer to make or execute, or any confirmation of the execution of, or any quotation or report of the price of any contract of sale of any commodity, for future delivery on or subject to the rules of any commodity futures exchange, or for any person to make or execute such contract of sale, which is or may be used for (a) hedging any transaction in any commodity...