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RELEASE: pr7213-15

  • August 18, 2015

    CFTC Seeking Public Comment on a Petition by Korea Exchange, Inc. for Exemption from DCO Registration

    Washington, DC — The U.S. Commodity Futures Trading Commission (Commission) is asking for public comment on a petition by Korea Exchange, Inc. for exemption from registration as a derivatives clearing organization (DCO).

    The Commission is considering a petition for exemption from registration based on its authority under Section 5b(h) of the Commodity Exchange Act, which permits the Commission to exempt a clearing organization from DCO registration for the clearing of swaps to the extent that the Commission determines that such clearing organization is subject to comparable, comprehensive supervision by appropriate government authorities in the clearing organization’s home country.

    Comments should be submitted on or before September 1, 2015.

    Comments may be submitted electronically through the Commission’s Comments Online Process. Public portions of the petition and all comments received are available on the Commission’s website.

    Last Updated: August 18, 2015

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