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CFTC

RIN: 3038-AF39

Publication ID: Fall 2023

Title: ●DCO Member Property Requirements
Abstract: Staff expects to recommend that the Commission propose amendments to part 39 of the Commission’s regulations, in order to require DCOs to hold money, security, or property (funds) belonging to their clearing members separate from the DCO’s funds and in an account clearly labeled as holding funds belonging to clearing members. Staff also expects to recommend the Commission propose to require DCOs to obtain a letter from any custodian of clearing member funds that acknowledges that the funds belong to clearing members and can not be used by the DCO for other purposes. Staff also expects to recommend additional protections for clearing member funds and to require a DCOs to implement an anti-money laundering (AML) program.
Agency: Commodity Futures Trading Commission(CFTC)	Priority: Substantive, Nonsignificant
RIN Status: First time published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: Undetermined	Unfunded Mandates: No
CFR Citation: 17 CFR 39
Legal Authority: 7 U.S.C. 7a-1

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	11/00/2023

Regulatory Flexibility Analysis Required: Undetermined	Government Levels Affected: Undetermined
Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Scott Sloan Special Counsel, Division of Clearing and Risk Commodity Futures Trading Commission 77 West Jackson Boulevard, Suite 800, Chicago, IL 60604 Phone:312 596-0708 Email: ssloan@cftc.gov