Regulatory Alerts2023-07-13 | 2023-14361Governance Requirements for Derivatives Clearing Organizations
The Commodity Futures Trading Commission adopted final rules requiring derivatives clearing organizations to establish risk management committees and market participant risk advisory working groups. These entities must comprise clearing members and customers to provide risk-based input on matters materially affecting the DCO's risk profile, with strict standards for composition, rotation, and fitness. The regulations mandate written policies governing these groups and require full compliance by July 12, 2024.
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