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CFTC Extends Comment Deadline on Cross-Border Proposals

The CFTC extended the comment deadline for two proposals concerning amendments to rules for cross-border derivatives clearing organizations ("DCOs").

The comment deadlines are extended to:

  • November 18, 2019, for the supplemental rule proposal, which would permit low-risk non-CFTC-registered foreign DCOs to offer clearing to U.S. persons; and

  • November 22, 2019, for the proposal, which allows non-CFTC-registered FCMs located outside of the U.S. to accept funds from U.S. persons to margin swaps cleared at an exempt DCO.

Primary Sources

  1. CFTC Press Release: CFTC Extends Public Comment Period for Proposed Rules Pertaining to Cross-Border Clearing

Related Articles

  • Federal Register: CFTC Proposes Cross-Border DCO Rule Changes

    A CFTC supplemental rule proposal was published in the Federal Register which would permit low-risk derivatives clearing organizations that are exempt from registration to offer clearing to U.S. persons under certain circumstances.

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Tags

Regulated Activities
Cross-Border Registration Requirement
Regulated Entities
FCMs and IBs, Floor Brokers Foreign Entities Markets
Sub-Entity
Clearing Organizations
Regulated Products
Swaps / SBS
Sub-Product
Cleared Swaps
Body of Law
CEA Regulation
Jurisdiction
US - Federal
Organization
CFTC, NFA, CFTC Markets
Sub-Author
CFTC