CFTC Seeks Public Comment on Exchange Operator's Petition for Exemption from DCO Registration

The CFTC is seeking public comment on a petition by Korea Exchange, Inc. for exemption from registration as a derivatives clearing organization. The CFTC considered the petition based on its authority under Section 5b(h) of the Commodity Exchange Act, which permits it to exempt a clearing organization from DCO registration.

See: CFTC Press Release.Related news: CFTC Commissioner Wetjen Resigns (with Lofchie Comment) (August 14, 2015); CFTC Extends No-Action Relief from Transaction-Level Requirements to Non-U.S. Swap Dealers (CFTC Letter 15-48) (with Lofchie Comment) (August 13, 2015); CFTC Commissioner Giancarlo Calls for Staff Advisory 13-69 to Be "Scrapped" (August 13, 2015).