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CFTC RIN: 3038-AE65 Publication ID: Fall 2019 
Title: Exemption From Derivatives Clearing Organization Registration  
Abstract:

The Commodity Futures Trading Commission ("Commission") has proposed amendments to part 39 of its regulations to codify the policies and procedures that the Commission is currently following with respect to granting exemptions from registration as a derivatives clearing organization ("DCO”) for the clearing of swaps if the Commission determines that a DCO is subject to comparable, comprehensive supervision and regulation by an appropriate governmental authority in the organization’s home country. The Commission has issued a supplemental proposal that would further permit DCOs that are exempt from registration to clear swaps for U.S. customers under certain circumstances.

 
Agency: Commodity Futures Trading Commission(CFTC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: 17 CFR 39   
Legal Authority: 7 U.S.C. 7a-1(h)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  08/13/2018  83 FR 39923   
NPRM Comment Period End  10/12/2018 
Supplemental NPRM  07/23/2019  84 FR 35456   
Supplemental NPRM Comment Period End  09/23/2019 
Final Rule  03/00/2020 
Final Rule Effective  04/00/2020 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
International Impacts: This regulatory action will be likely to have international trade and investment effects, or otherwise be of international interest.
RIN Data Printed in the FR: No 
Related RINs: Related to 3038-AE40 
Agency Contact:
Eileen A. Donovan
Deputy Director, Division of Clearing and Risk
Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21st Street NW,
Washington, DC 20581
Phone:202 418-5096
Email: edonovan@cftc.gov

Parisa Abadi
Associate Director, Division of Clearing and Risk
Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21st Street NW,
Washington, DC 20581
Phone:202 418-6620
Email: pabadi@cftc.gov