The US Commodity Futures Trading Commission (CFTC) has approved a substituted compliance framework for dually-registered central counterparties (CCPs) in the EU, together with a comparability determination with respect to certain EU rules. This follows the Commission’s implementing decision allowing CFTC-registered CCPs to obtain recognition in the EU (see FReD 18 March). The Determination will be effective upon publication in the Federal Register. (Source: CFTC follows up on EU’s equivalence decision for US CCPs)