The comment deadline for a CFTC proposal amending derivatives clearing organization ("DCO") regulations was extended from July 15, 2019 until September 13, 2019.
As previously covered, the proposed changes are intended to "enhance certain risk management and reporting obligations, clarify the meaning of certain provisions, simplify processes for registration and reporting, and codify existing relief and guidance."
The extensive proposal is the result of CFTC review of the regulatory framework of DCOs under CFTC Project KISS (the agency initiative to simplify and modernize agency regulations).
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