Release Number 7270-15
October 26, 2015
CFTC Issues Order of Exemption from Registration as a Derivatives Clearing Organization to Korea Exchange, Inc.
Washington, DC — The U.S. Commodity Futures Trading Commission (Commission) today issued an order of exemption from registration as a derivatives clearing organization (DCO) to Korea Exchange, Inc. (KRX). The Commission issued this order based on its authority under Section 5b(h) of the Commodity Exchange Act.
This provision 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. Subject to the terms and conditions of the order, KRX is permitted to clear proprietary interest rate swap positions of U.S. persons that are clearing members of KRX or affiliates of such clearing members.
See KRX Order under Related Links.
Last Updated: October 26, 2015