Regulatory Alerts2020-10-21 | 2020-21306Registration With Alternative Compliance for Non-U.S. Derivatives Clearing Organizations
The Commodity Futures Trading Commission adopted regulations permitting non-U.S. derivatives clearing organizations to register with the Commission while complying with their home country regulatory regimes instead of full U.S. rules. Eligible entities must demonstrate that their home country requirements satisfy U.S. core principles, maintain good regulatory standing, and have a satisfactory memorandum of understanding with the Commission. The rule also establishes specific reporting obligations and allows existing non-U.S. DCOs to transition to this new compliance framework by amending their registration orders.
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