NFA questioned the "proposed methodology" of a CFTC proposal that would apply to direct clearing of transactions by customers not intermediated through an FCM.
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CFTC Commissioner Summer K. Mersinger asserted that the Basel III Endgame Proposal, if adopted, would have a significant negative impact on derivatives markets.
The CFTC approved a "made-available-to-trade" determination for certain overnight index swaps referencing the Secured Overnight Financing Rate and Sterling Overnight Index Average.
The CFTC Market Participants Division granted no-action relief to a futures commission merchant regarding the manner in which it receives and holds funds deposited by Taiwan-based customers, when there may be a conflict between CFTC and Taiwan regulation governing the segregation of customer funds.
The CFTC Division of Clearing and Risk staff reminded derivatives clearing organizations of the heightened compliance risks to those offering digital asset-related products.