December 18, 2014
CFTC Staff Issues Extensions of No-Action Relief to Four Foreign Clearing Organizations
Washington, DC — The U.S. Commodity Futures Trading Commission’s (Commission) Division of Clearing and Risk (DCR) today issued extensions of no-action relief to four foreign clearing organizations: ASX Clear (Futures) Pty Limited, Clearing Corporation of India Ltd., Korea Exchange, Inc., and OTC Clearing Hong Kong Limited.
Each extension letter states that DCR will not recommend the Commission take enforcement action against the clearing organization for failing to register as a derivatives clearing organization (DCO) pursuant to Section 5b(a) of the Commodity Exchange Act (CEA).
The relief is effective until the earlier of December 31, 2015 or the date upon which the Commission exempts the clearing organization from registration as a DCO pursuant to Section 5b(h) of the CEA.
Last Updated: December 18, 2014