Canada:
Chicago Mercantile Exchange Applies For Exemption From Clearing Agency Recognition Requirement
28 May 2013
Stikeman Elliott LLP
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The Ontario Securities Commission announced
today that Chicago Mercantile Exchange
Inc. has applied for an exemption from the requirement to be recognized as a clearing
agency on the basis that it is subject to an
appropriate regulatory and oversight regime in its home
jurisdiction. The OSC is thus publishing for comment a draft
order that would provide such an exemption. The OSC's criteria
for exemption from recognition are included as a schedule to the
draft order and comments are being accepted until June 16,
2013.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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