CFTC Approves LCH.Clearnet Limited's Amended Order of Registration as DCO
The CFTC approved an amendment to, and consolidation of, LCH.Clearnet Limited's orders of registration as a derivatives clearing organization ("DCO").
The approved amendment permits LCH.Clearnet Limited to provide clearing services for "swaps," as defined in the CEA and CFTC Rules, as well as all futures and options on futures, regardless of the underlying asset class.
See: LCH.Clearnet Ltd Order of Registration as a DCO.Related news: CFTC Issues Extensions in Two No-Action Letters Regarding DCO and DCM (CFTC Letters 14-85 and 14-86) (June 25, 2014); CFTC Issues Three No-Action Letters Regarding Written Acknowledgement Requirements (CFTC Letters 14-92, 14-93, and 14-94) (July 11, 2014); FIA Europe Obtains Legal Options with Respect to LCH.Clearnet Limited (July 8, 2014); CFTC Issues Two Extensions of No-Action Relief to LCH and Nodal (CFTC Letters 14-38 and 14-39) (March 27, 2014); CFTC No-Action Letter 13-52: LCH.Clearnet Ltd and Clearing Members (September 23, 2013); Nodal Exchange Converts from Exempt Commercial Market to Fully Regulated Designated Contract Market (September 30, 2013).