The Commodity Futures Trading Commission has issued an amended order authorizing futures commission merchants (FCMs) that are not clearing members of ICE Clear Europe Limited, but carry futures and options on futures positions cleared through ICE Clear Europe (1) to commingle and hold in segregated accounts established pursuant to Section 4d(a) and (b) of the Commodity Exchange Act customer funds used to margin, secure or guarantee futures traded on ICE Futures US with customer funds used to margin, secure or guarantee foreign futures and options traded on ICE Futures Europe and ICE Endex and (2) to provide for portfolio margining of such positions.

The CFTC granted this relief to ICE Clear Europe and its clearing members in May 2014, but such relief did not include FCMs that are not clearing members but carry contracts for customers that are cleared at ICE Clear Europe.

The amended order is available here.