CFTC Grants Singapore Exchange Derivatives Clearing Ltd. Registration as Derivatives Clearing Organization

The CFTC granted Singapore Exchange Derivatives Clearing Limited ("SGX-DC") registration as a derivatives clearing organization, pursuant to CEA Section 5b ("Derivatives Clearing Organizations"). SGX-DC, a subsidiary of Singapore Exchange Limited, is organized under the laws of Singapore and is regulated in Singapore by the Monetary Authority of Singapore. Subject to the terms and conditions of the Order, SGX-DC is authorized to provide clearing services for swaps that SGX-DC currently clears and such other swaps that the CFTC determines SGX-DC is eligible to clear.

See: CFTC Order of Registration.Related news: CFTC Grants No-Action Relief to SGX-DC and Its Clearing Members (CFTC Letter 13-74) (with Lofchie Comment) (December 20, 2013).