# 2026-22863: Futures Markets Get Another Round of Fair-Access Rules

2026-22863, DCM Impartial Access Requirements, is a Federal Register rule from Commodity Futures Trading Commission published 2026-11-10, effective 2026-11-10; PRIA reads it as touching household money (as of 2026-11-11).

- Canonical: https://policyrisk.com/federal-register/2026-22863
- As of: 2026-11-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-22863
- Title: DCM Impartial Access Requirements
- Type: Rule
- Agencies: Commodity Futures Trading Commission
- Citation: 91 FR 72407
- Published: 2026-11-10
- Effective: 2026-11-10
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-11-11

## In one line

Futures Markets Get Another Round of Fair-Access Rules

## Summary

Starting November 10, 2026, designated contract markets (DCMs) must follow clear rules to give everyone fair and open access to trade. This means no playing favorites or blocking traders unfairly, helping markets stay competitive and liquid. If you trade or run a DCM, get ready for these fair access rules that keep trading honest and open for all.

## Abstract

The Commodity Futures Trading Commission ("Commission" or "CFTC") is issuing an interpretation of the requirement that designated contract markets ("DCMs") provide competitive, open, fair, and impartial access to their members and persons with trading privileges under Commission Regulation 38.151(b) ("Impartial Access Requirements"). Specifically, this final interpretive guidance is being issued to inform the public of the Commission's views on the Impartial Access Requirements that should be guiding exchanges' selections of access criteria. The Commission issues this interpretive guidance after a significant amount of time and effort overseeing the listing and trading of event contracts and other financial assets, as well as monitoring DCM access requirements.

## Effects PRIA read

- Clear impartial access criteria for DCMs: benefit, medium. Starting November 10, 2026, designated contract markets (DCMs) must use access criteria that are impartial, transparent, based on a participant's financial and operational soundness, and applied uniformly. DCMs should publish access requirements in advance and cannot deny access for reasons unrelat…
- Ban on U.S. location-based access limits: benefit, medium. The Commission states that DCMs generally may not restrict access based on a trader's location or residence within the United States. DCMs must evaluate and remove domestic geographic restrictions that exclude otherwise eligible participants, and they are responsible for ensuring intermediaries do…
- Impartial enforcement for denials and suspensions: benefit, low. DCMs must establish and impartially enforce rules for denials, suspensions, and revocations of membership or trading privileges, including when such actions arise from disciplinary or emergency measures. These enforcement rules must be applied without discrimination.

## Related documents

- [2026-19290](https://policyrisk.com/federal-register/2026-19290): Privacy Act Regulations, 2026-09-21
- [2026-14509](https://policyrisk.com/federal-register/2026-14509): Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants, 2026-07-17
- [2026-05635](https://policyrisk.com/federal-register/2026-05635): Application of the Federal Securities Laws to Certain Types of Crypto Assets and Certain Transactions Involving Crypto Assets, 2026-03-23
- [2026-22890](https://policyrisk.com/federal-register/2026-22890): Agency Information Collection Activities: Notice of Intent To Extend Collection 3038-0015, Copies of Crop and Market Information Reports, 2026-11-10
- [2026-22889](https://policyrisk.com/federal-register/2026-22889): Agency Information Collection Activities: Notice of Intent To Extend Collection 3038-0026, Gross Collection of Exchange-Set Margins for Omn…, 2026-11-10
- [2026-22076](https://policyrisk.com/federal-register/2026-22076): Agency Information Collection Activities Under OMB Review, 2026-10-29

## Sources
- [2026-22863 on federalregister.gov](https://www.federalregister.gov/documents/2026/11/10/2026-22863/dcm-impartial-access-requirements)
- [2026-22863 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-11-10/pdf/2026-22863.pdf)

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- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-22863 (as of 2026-11-11).