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On August 18, CFTC issued an order of exemption from registration as a derivative clearing organization (DCO) to ASX Clear (Futures) Pty Limited (ASX).
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On August 18, CFTC issued an order of exemption from
registration as a derivative clearing organization (DCO) to ASX
Clear (Futures) Pty Limited (ASX). The order is the first of its
kind issued by CFTC based on its authority under Section 5b(h) of
the Commodity Exchange Act. The provision permits CFTC to exempt a
clearing organization from DCO registration if it determines that
such organization is subject to comparable and comprehensive
supervision by appropriate government authorities in the
organization's home country. Press
Release.
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CFTC Issues Its First Ever Order Of Exemption From Registration As A Derivatives Clearing Organization
United StatesFinance and Banking
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Orrick is a global law firm focused on serving the technology & innovation, energy & infrastructure and finance sectors. Founded over 150 years ago, Orrick has offices in 25+ markets worldwide. Financial Times selected Orrick as the Most Innovative Law Firm in North America for three years in a row.