Clearing Exemption for Certain Swaps Entered Into by Cooperatives
The Commodity Futures Trading Commission (``CFTC'' or ``Commission'') is adopting final regulations pursuant to its authority under section 4(c) of the Commodity Exchange Act (``CEA'') allowing cooperatives meeting certain conditions to elect not to submit for clearing certain swaps that such cooperatives would otherwise be required to submit for clearing in accordance with section 2(h)(1) of the CEA.
Citation
78 FR 52286
Compliance Date
The exemption from required clearing may be elected by market participants at such time as they would otherwise be subject to required clearing
Effective Date
Rule Adoption Meeting
Seriatim Vote