17 CFR § 32.5 - Option transactions entered into prior to the effective date of this part.

---
identifier: "/us/cfr/t17/s32.5"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "17 CFR § 32.5 - Option transactions entered into prior to the effective date of this part."
title_number: 17
title_name: "Commodity and Securities Exchanges"
section_number: "32.5"
section_name: "Option transactions entered into prior to the effective date of this part."
chapter_name: "COMMODITY FUTURES TRADING COMMISSION"
part_number: "32"
part_name: "REGULATION OF COMMODITY OPTION TRANSACTIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "7 U.S.C. 1a, 2, 6c, and 12a, unless otherwise noted."
regulatory_source: "77 FR 25338, Apr. 27, 2012, unless otherwise noted."
cfr_part: "32"
---


# 32.5 Option transactions entered into prior to the effective date of this part.

Nothing contained in this part shall be construed to affect any lawful activities that occurred prior to the effective date of this part.