The Commodity Futures Trading Commission has issued an order that permits Eurex Clearing AG (Eurex) to operate a multilateral clearing organization for over-the-counter derivatives instruments in the United States. The order concludes that the supervision of Eurex by German financial regulator Bundesanstalt für Finanzdienstleistungaufsicht (BaFin) and the German central bank satisfies the standards set forth in Section 409(b)(3) of the Federal Deposit Insurance Corporation Improvement Act of 1991. BaFin and the CFTC previously have entered into agreements for the sharing of information regarding the clearing activities of Eurex.  

The CFTC press release announcing the order is available here.  

The order is available here.