SEC No-Action Letter: LCH.Clearnet Ltd.

SEC No-Action Letter: LCH.Clearnet Limited

March 16, 2011

The SEC Division of Investment Management granted no-action relief under § 17(f) of the Investment Company Act to LCH.Clearnet Limited to allow registered investment companies or their custodians to maintain assets in the custody of LCH.Clearnet or an LCH clearing member that is a futures commission merchant registered with the CFTC, for purposes of meeting margin requirements for certain interest rate swaps cleared by LCH.

Cross References

Investment Company Act § 17(f)

Investment Company Act Rule 17f-6