CFTC Amends Order of Registration and Approves Rulebook for LCH.Clearnet LLC

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The Commodity Futures Trading Commission issued an amended order of registration to LCH.Clearnet LLC (LCH LLC), formerly the International Derivatives Clearinghouse, LLC. LCH LLC’s parent company, LCH.Clearnet Group Limited, recently acquired IDC’s sole parent, International Derivatives Clearing Group, LLC.

In accordance with the amended order, LCH LLC continues to be registered as a derivatives clearing organization, subject to new terms and conditions relating to recent amendments to the Commodity Exchange Act. In addition to futures and options on futures, LCH LLC is permitted to clear interest rate and currency swaps. The CFTC also approved LCH LLC’s revised rulebook.

The amended order of registration is available here.

 


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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