Sign up for free newsletter

 

Regulation

CFTC issues no-action letter for Clearing Corporation of India Ltd

The US Commodity Futures Trading Commission (CFTC) has issued a time-limited no-action letter it will not take enforcement action against Clearing Corporation of India Ltd (CCIL) for failing to register as a derivatives clearing organisation (DCO).

The no-action relief is limited to CCIL’s clearing of Indian Rupee-denominated interest rate swaps and Indian Rupee-denominated forward rate agreements for the proprietary trades of US clearing members. 
 
The no-action relief is effective until the earlier of 31 December 2014, or the date upon which the Commission either registers CCIL as a DCO under Section 5b(a) of the CEA or exempts CCIL from registration under Section 5b(h) of the CEA.
 
The no-action letter is consistent with earlier no-action letters granting relief with respect to the clearing of proprietary trades of US clearing members.


Subscribe to free daily newsletter
latestjobs
Algorithmic Trading Developer - C++, Linux, Python

Fri, 24 Apr 2015 00:00:00 GMT

Senior Project Manager – Data Governance

Fri, 24 Apr 2015 00:00:00 GMT

Java Programmer – Credit Derivatives, Front Office

Fri, 24 Apr 2015 00:00:00 GMT

events
6 hours 59 min from now - Grand Caymen
1 day 6 hours from now - New York
1 day 6 hours from now - Wiesbaden
2 days 6 hours from now - California
3 days 6 hours from now - London
specialreports