CFTC Seeks Public Comment on Request from ICE Clear Europe Ltd. for Order Permitting Portfolio Margining of Futures and Foreign Futures Contracts

The CFTC issued a comment request relating to a petition submitted by ICE Clear Europe Limited ("ICE Clear Europe") for an order regarding CEA Section 4d(a) ("Dealing by unregistered futures commission merchants or introducing brokers prohibited; duties in handling customer receipts; rules to avoid duplicative regulations"). The petition requests that the CFTC amend an earlier order dated May 30, 2014.

The May 30, 2014 order permitted ICE Clear Europe and its clearing members that are registered futures commission merchants ("FCMs") to:

• Commingle in an account subject to Section 4d(a) (a futures customer account) positions in futures and options, and foreign futures and foreign options, and related customer money, securities, and property; and
• Portfolio margin these futures and options, and foreign futures and foreign options, in the futures customer account.

ICE Clear Europe now requests that the CFTC amend that order to also apply to FCMs that are not clearing members of ICE Clear Europe but that carry contracts cleared at ICE Clear Europe through a clearing member.

Comments regarding the request should be submitted on or before July 21, 2014.

Comments may be submitted electronically through the CFTC's website.

See: CFTC Press Release.Related News:CFTC Grants Order to ICE Clear Europe Ltd. Permitting Portfolio Margining of Futures and Foreign Futures Contracts (with Zwirb Comment) (May 30, 2014).