Under a new CFTC proposal, Federal Reserve Banks would be allowed to hold money, securities and property deposited by systemically important derivatives clearing organizations in customer accounts. The CFTC's request for comments on the proposal was published in the Federal Register.
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The CFTC Division of Clearing and Risk granted time-limited no-action relief to the Shanghai Clearing House from registration as a derivatives clearing organization.
The CFTC granted exemptive relief to a commodity pool operator from performing a two-year audit in connection with its annual report, so long as the commodity pool operator distributed an unaudited annual report for fiscal year 2015 to pool participants and filed it with the National Futures Association. The pool had only five participants and had been liquidated at year-end 2015.
The CFTC adopted final rules regarding the application of the CFTC margin requirements for uncleared swaps in the context of cross-border transactions. The CFTC final rules were published in the Federal Register.
The CFTC will hold a public roundtable meeting on June 10, 2016 to discuss certain elements of the proposal on Regulation Automated Trading.