Regulatory Alerts2011-08-01 | 2011-19365Customer Clearing Documentation and Timing of Acceptance for Clearing
The Commodity Futures Trading Commission proposes rules to implement Dodd-Frank Act provisions regarding customer clearing documentation and the timing of trade acceptance. The proposal prohibits arrangements that disclose customer counterparty identities, limit trading counterparties, or restrict position sizes to ensure open access and prevent undue influence. Additionally, the Commission revises requirements for derivatives clearing organizations to mandate prompt, efficient, and accurate trade processing while allowing non-discriminatory screening against product and credit criteria.
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