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The Division of Clearing and Risk of the CFTC announced that the second phase of required clearing for certain iTraxx credit default swap ("CDS") indices has begun for Category 2 Entities. Category 2 Entities include commodity pools, private funds, and persons predominately engaged in activities that are in the banking business or in activities that are financial in nature, except for third-party subaccounts. These entities are required to begin clearing iTraxx CDS indices that are subject to the clearing requirement under section 2(h) ("Clearing Requirements") of the CEA and Regulations 50.2