Regulatory Alerts2022-08-11 | 2022-16683Added · Updated
Governance Requirements for Derivatives Clearing Organizations
The Commodity Futures Trading Commission proposes amendments to require derivatives clearing organizations to establish and consult with risk management committees comprising clearing members and customers on material risk matters. The proposal mandates minimum standards for committee composition, regular membership rotation, and the creation of market participant risk advisory working groups that must convene quarterly. Additionally, the Commission seeks to enforce fitness standards for committee members and require written policies governing the consultation process to enhance transparency and accountability.
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