The CFTC has issued a substituted compliance framework for dually registered CCPs which are located in the EU and which are also CFTC-registered derivatives clearing organizations (DCOs). Under the substituted compliance regime, if the CFTC deems certain non-US swaps rules comparable to its own, it may permit certain parties subject to its jurisdiction and to those rules to comply with those rules in place of its own. The CFTC also issued a determination that certain EU CCP requirements are comparable to certain CFTC regulatory obligations applicable to DCOs. The comparability determination will permit EU CCPs that are also DCOs to provide services to US clearing members and clients while complying with certain corresponding EU requirements.