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CFTC Extends Comment Deadline on Proposal to Safeguard Clearing Member Funds at DCOs

The CFTC extended the comment deadline to March 18, 2024 for a proposed rule to improve the protection of funds and assets pledged by clearing members of a Derivative Clearing Organization ("DCO"). The Notice was published in the Federal Register.

As previously covered, the rule would require, among other things, that DCOs (i) segregate clearing member funds from DCO funds and (ii) mandate daily calculations and reconciliations of funds for customers and clearing members.

Primary Sources

  1. CFTC Federal Register Filing: Protection of Clearing Member Funds Held by Derivatives Clearing Organizations
  2. CFTC Press Release: CFTC Extends Public Comment Period on Proposed Rule on Protection of Clearing Member Funds

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Tags

Regulated Activities
Custody
Regulated Entities
Markets
Sub-Entity
Clearing Organizations
Body of Law
CEA Regulation
Jurisdiction
US - Federal
Organization
CFTC, NFA, CFTC Markets
Sub-Author
CFTC