17 CFR 170.5 : Commodity And Securities Exchanges (§ 1.1 To Parts 451-499) — (§ 41.1 To Parts 191-199) — Commodity Futures Trading Commission (Continued) (§ 41.1 To Parts 191-199) — Registered Futures Associations (§ 170.1 To § 170.17) — Standards Governing Commission Review Of Applications For Registration As A Futures Association Under Section 17 Of The Act (§ 170.1 To § 170.10) — Prevention of fraudulent and manipulative practices (section 17(b)(7) of the Act).

A futures association must establish and maintain a program for the protection of customers and option customers, including the adoption of rules to protect customers and option customers and customer funds and to promote fair dealing with the public. These rules shall set forth the ethical standards for members of the association in their business dealings with the public. An applicant association must also demonstrate its capability to foster a professional atmosphere among its members, including an acceptance of an adherence to the ethical standards, and to monitor and enforce compliance with the customer and option customer protection program and rules.