The Ontario Securities Commission announced today that Chicago Mercantile Exchange Inc. has applied for an exemption from the requirement to be recognized as a clearing agency on the basis that it is subject to an appropriate regulatory and oversight regime in its home jurisdiction. The OSC is thus publishing for comment a draft order that would provide such an exemption. The OSC's criteria for exemption from recognition are included as a schedule to the draft order and comments are being accepted until June 16, 2013.