North American Derivatives Exchange, Inc. (Nadex) has submitted a notice to the Commodity Futures Trading Commission (CFTC) that it plans to make amendments and additions to its Rulebook and Membership Agreement.

The planned changes concern, inter alia, Rule 2.2 Restrictions on Who May be Members of the Board, Members of Disciplinary Committees, Members of Arbitration or Oversight Panels, or Ten Percent or Greater Owners. Nadex is clarifying that any individual who may be denied registration, or whose registration is suspended, restricted, or conditioned by the CFTC pursuant to section 8a(2) of the CEA may not serve as a Director or on any Disciplinary Committee or Panel.

These amendments and additions will become effective October 3, 2022.

Nadex has recently changed its “doing business as” name to crypto.com Derivatives North America.

Let’s recall that in March 2022 electronic trading major IG Group Holdings plc (LON:IGG) announced the completion of the sale of Nadex and the 39% stake the Group holds in Small Exchange, Inc to Foris DAX Markets, Inc. (part of the group of companies trading as “crypto.com”) for $216 million.

The proposed sale of Nadex and Small Exchange was announced on 1 December 2021.