The Commodity Futures Trading Commission’s Division of Clearing and Risk extended for another six months relief previously given, permitting the Shanghai Clearing House to act as a derivatives clearing organization to clear swaps subject to mandatory clearing in China for the proprietary trades of SHCH clearing members that are US persons. The SHCH is authorized to act in this capacity for this additional time without being registered as a DCO with the CFTC. In the interim the CFTC is considering a permanent application for exemption from the SHCH. However, an exemption from registration would only be granted, said the CFTC staff, if it can be demonstrated that “the existing regulatory and oversight regime” in China would permit the SHCH to provide to the CFTC the “full scope” of information it requires under exemptive relief. Staff is also trying to better understand cybersecurity law in China.