The CFTC granted permission for LCH.Clearnet Limited, a registered derivatives clearing organization, and its clearing members to (i) commingle positions in futures, foreign futures, and cleared swaps in a cleared swaps customer account and (ii) portfolio margin such futures and cleared swaps.
News & Insights
The CFTC approved proposed changes that would remove indemnification requirements for the use of swap data by other regulators. In addition, the CFTC approved a proposal that would integrate existing advisory guidance as to rules related to the registration and review of exchange disciplinary actions.
The House of Representatives passed the Commodity End-User Relief Act. Approved by a 239 to 182 vote, the Act would make several reforms and reauthorize the CFTC with an appropriation of $250,000,000 for fiscal years 2017 through 2021.
Michael J. Osnato Jr., SEC Enforcement Division, Complex Financial Instruments Unit Chief, will leave the SEC later this month.
Government contractor L3 Technologies Inc. agreed to pay a $1.6 million penalty to settle SEC charges alleging recordkeeping and internal accounting failures.