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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 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.
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