ASX Clear (Futures) Pty. Limited –an Australia-based clearinghouse– has petitioned the Commodity Futures Trade Commission for an exemption from the Commission’s requirement that it register as a designated clearing organization. ASX Clear (Futures) seeks such exemption in order to clear certain Australian dollar-denominated interest rate swaps for certain US end-user clients. ASX Clear (Futures) has currently been offering such IRS products to certain US-based clearing participants (as well as their parent companies and affiliates) pursuant to previously granted no-action relief by CFTC staff. In general, ASX Clear (Futures) argues it should be granted its requested relief because it is subject to comparable and comprehensive oversight as a CFTC-registered DCO by the Australian Securities & Investment Commission and it complies with internationally accepted standards as established under the Principles for Financial Market Infrastructure. Comments in connection with ASX Clear (Futures)’s petition are due by June 17.