January 22, 2022

Volume XII, Number 22

Advertisement
Advertisement

January 21, 2022

Subscribe to Latest Legal News and Analysis

January 20, 2022

Subscribe to Latest Legal News and Analysis

January 19, 2022

Subscribe to Latest Legal News and Analysis

Commodity Futures Trading Commission "CFTC" Amends Order of Registration and Approves Rulebook for LCH.Clearnet LLC

The Commodity Futures Trading Commission issued an amended order of registration to LCH.Clearnet LLC (LCH LLC), formerly the International Derivatives Clearinghouse, LLC. LCH LLC’s parent company, LCH.Clearnet Group Limited, recently acquired IDC’s sole parent, International Derivatives Clearing Group, LLC.

In accordance with the amended order, LCH LLC continues to be registered as a derivatives clearing organization, subject to new terms and conditions relating to recent amendments to the Commodity Exchange Act. In addition to futures and options on futures, LCH LLC is permitted to clear interest rate and currency swaps. The CFTC also approved LCH LLC’s revised rulebook.

The amended order of registration is available here.

©2022 Katten Muchin Rosenman LLPNational Law Review, Volume III, Number 28
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement

About this Author

Kevin M. Foley, Finance Lawyer, Katten Llaw Firm
Partner

Kevin M. Foley has extensive experience in commodities law and advises a wide range of clients, both in the United States and abroad, on compliance with the Commodity Exchange Act and the rules of the Commodity Futures Trading Commission (CFTC) affecting traditional exchange-traded products, as well as the over-the-counter markets involving swaps and other derivative instruments. His clients include futures commission merchants, derivatives clearing organizations, designated contract markets, foreign boards of trade and an industry trade association.

...

312-902-5372
James M. Brady, Katten Muchin Law Firm, Finance Attorney
Associate

James Brady concentrates his practice in financial services matters.

While in law school, James was an editor of the Michigan Journal of International Law. He also served as a judicial intern to the Honorable Stephen J. Markman of the Michigan Supreme Court. http://www.kattenlaw.com/James-Brady

312-902-5362
Advertisement
Advertisement
Advertisement