MoFo News Item

CFTC’s Cross-Border Clearing Plan Faces Long Haul

24 Sep 2018

Christopher Giancarlo’s new proposal on overseas central counterparties could signal that the Commodity Futures Trading Commission will exercise its ability to define what a future commission merchant is as allowed by Section 1a(28)(B) of the Commodity Exchange Act.

“Up to now, the CFTC has been very strict about this,” said Julian Hammar in the article “CFTC’s cross-border clearing plan faces long haul.” “If Giancarlo succeeds in having the commission adopt his proposal, it will be a significant change.”



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