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Clearing Organizations

  • How to Register as a Derivatives Clearing Organization

    Criteria, procedures, and requirements for registration as a DCO are set forth in Section 5b of the CEA, 7 USC § 7a-1, and Part 39 of the CFTC’s regulations.

    An entity seeking to become registered as a derivatives clearing organization (DCO) must file its application with the CFTC electronically via email to secretary@cftc.gov. The CFTC encourages applicants to contact staff of its Division of Clearing and Risk for guidance in preparing an application for registration.

    Applicants must submit a completed Form DCO, including cover sheet, all applicable exhibits, and any supplemental materials:

    Form DCO (PDF – 388 KB)

    Form DCO (Word – 160 KB)

    The CFTC will not begin processing an application unless the applicant has filed the application as required by CFTC Regulation 39.3 (17 CFR 39.3). Failure to file a completed application will preclude the CFTC from determining that an application is materially complete, as provided in Section 6(a) of the Commodity Exchange Act (CEA), 7 USC § 8(a).

    The CFTC will review an application for DCO registration pursuant to the 180-day time frame and procedures specified in Section 6(a) of the CEA and CFTC Regulation 39.3 (17 CFR 39.3), and approve or deny the application.