CFTC Requests Comment on Exemption from DCO Registration by Japanese Clearing Corporation
The CFTC requested comment on a petition by Japan Securities Clearing Corporation for exemption from registration as a derivatives clearing organization ("DCO"). CEA Section 5b(h) grants the CFTC the authority to exempt a clearing organization from DCO registration for the clearing of swaps to the extent that it determines that such clearing organization is subject to comparable, comprehensive supervision by appropriate government authorities in the clearing organization's home country. Comments must be submitted by October 2, 2015.