On May 13, the Commodity Futures Trading Commission requested public comment on a petition by Eurex Clearing AG (ECAG), a licensed central counterparty in Germany, for a CFTC determination, pursuant to Section 409(b)(3) of the Federal Deposit Insurance Corporation Improvement Act of 1991, that the German Federal Financial Supervisory Authority satisfies appropriate standards in its supervision of ECAG. An affirmative determination by the CFTC would permit ECAG to act as a multilateral clearing organization for the clearing of over-the-counter derivative transactions. The deadline for comments is May 29.
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