CFTC Approves Substituted Compliance for US-EU Derivatives Clearinghouses and Provides No-Action Relief | Practical Law
The CFTC issued a substituted compliance framework for derivatives clearinghouses (CCPs) located in the European Union that are also CFTC-registered derivatives clearing organizations (DCOs). The CFTC also issued a determination that certain EU CCP requirements are comparable to certain CFTC regulatory obligations applicable to DCOs, as well as related no-action relief.