Regulatory Alerts2024-02-06 | 2024-02234Protection of Clearing Member Funds Held by Derivatives Clearing Organizations
The Commodity Futures Trading Commission extends the comment period for its proposed rule regarding the protection of clearing member funds held by derivatives clearing organizations by 31 days. The new deadline for submitting comments is March 18, 2024, replacing the original February 16, 2024 closing date. This extension allows interested parties additional time to analyze the proposal, which requires segregation of clearing member funds and daily reconciliation to ensure proper treatment in the event of a derivatives clearing organization bankruptcy.
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