Regulatory Alerts2014-05-12 | 2014-10650Added · Updated
Enhancing Protections Afforded Customers and Customer Funds Held by Futures Commission Merchants and Derivatives Clearing Organizations; Correction
The Commodity Futures Trading Commission issued correcting amendments to final rules published in November 2013 that enhance protections for customer funds held by futures commission merchants and derivatives clearing organizations. This correction removes an erroneous reference to 'futures commission merchant clearing members' from the bankruptcy provisions of the standard acknowledgment letters in Appendix B to 17 CFR 1.20 and 17 CFR 1.26. The amendments also adopt conforming changes to grammar, punctuation, and formatting within these appendices to ensure the text accurately reflects the intended obligations regarding the bankruptcy of the account holder.
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