If the foreign account is deemed a foreign affiliate of an existing CFTC-registered FDM, then using the 360-day extension seems inappropriate to me for financial institutions.

FORBES: Questions Linger Regarding New Forex Rules

Because smaller companies cannot spare the time or money needed to set up a sham foreign affiliate, big companies receive a disproportionate advantage in reaching global markets.

ECONOMIST: Economics focus

Hollande landed in Sevare accompanied by his defense and foreign ministers, CNN affiliate BFMTV reported.

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