July 9, 2015
CFTC Seeking Public Comment on a Petition by OTC Clearing Hong Kong Limited for Exemption from DCO Registration
Washington, DC — The U.S. Commodity Futures Trading Commission (Commission) is asking for public comment on a petition by OTC Clearing Hong Kong Limited 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 July 23, 2015.
Last Updated: July 9, 2015