Shanghai Clearing House Receives Relief From CFTC Registration Requirement
On Nov. 20, the Commodity Futures Trading Commission extended no-action relief for Shanghai Clearing House until the earlier of February 2018 or the date on which SCH receives exemption from registration as a derivatives clearing organization. Under this relief, SCH is permitted to clear certain swaps subject to mandatory clearing in China for the proprietary trades of SCH clearing members that are U.S. persons or affiliates of U.S. persons.
