an overview of the regulation of derivatives clearing organizations
DESCRIPTION
An Overview of the Regulation of Derivatives Clearing Organizations. Ananda Radhakrishnan, Special Counsel Division of Clearing and Intermediary Oversight. Regulation of clearing houses –. Certain Derivatives Clearing Organizations (“DCOs”) are required to register with the CFTC - PowerPoint PPT PresentationTRANSCRIPT
An Overview ofthe Regulation of Derivatives Clearing
Organizations
Ananda Radhakrishnan, Special Counsel
Division of Clearing and Intermediary Oversight
04/19/23 Commodity Futures Trading Commission 2
Regulation of clearing houses –
Certain Derivatives Clearing Organizations (“DCOs”) are required to register with the CFTC
- Which DCOs are required to register?
- Registration requirement imposed by Section 5b(a) of the Commodity Exchange Act
Exceptions to requirement to register as DCO
04/19/23 Commodity Futures Trading Commission 3
Regulation of clearing houses – Core Principles
Compliance with thirteen (13) DCO Core Principles
These Core Principles are imposed by Section 5b(c)(2) of the Commodity Exchange Act.
The CFTC has the responsibility to oversee DCOs to ensure continued compliance with DCO Core Principles.
- Advisory No. 02-01
04/19/23 Commodity Futures Trading Commission 4
Who can clear?
Organizational structure of clearing houses
DCOs currently registered with the CFTC
THE END
Thank you for your interest
in the Division of Clearing and Intermediary Oversight