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CFTC approves LCH Clearnet's registration order and waives through its revised rulebook

Jan 24 2013 Regulatory Intelligence news team

The Commodity Futures Trading Commission approved the LCH Clearnet's application as a Derivatives Clearing Organization. LCH Clearnet, which was formerly known as the International Derivatives Clearinghouse, had asked the CFTC to amend its registration order after it was acquired by LCH Clearnet Group Limited in August. The move means LCH Clearnet will now be able to clear trades in options, futures, commodity options, and swaps. The CFTC has also agreed to sign off on the exchange's revised rulebook. Under the amended order, LCH Clearnet must comply with the CFTC's regulations. These include monitoring its members to make sure that they have enough capital, examining their risk management practices, and enforcing its clearing rules. The amended order replaces the registration order that the International Derivatives Clearing House received in 2008. 

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