The Commodity Futures Trading Commission has requested public comment on a petition by ASX Clear (Futures) Pty Limited for exemption from registration as a derivatives clearing organization (DCO).
The petition seeks exemption under Section 5b(h) of the Commodity Exchange Act, which permits the CFTC to exempt a clearing organization from DCO registration requirements if there is comparable, comprehensive supervision in the clearing organization’s home country. The CFTC has not previously considered or approved a petition of this nature.
Comments are to be submitted on or before June 17, 2015.
More information is available here.