CFTC Grants Relief To Derivatives Clearing Organization From Certain Annual Reporting Requirements

The CFTC Division of Clearing and Risk granted relief to Eurex Clearing AG ("Eurex Clearing"), a non-U.S. derivatives clearing organization, from certain annual reporting requirements for audited financial statements under CFTC Rule 39.19(c)(3)(ii).

Previously, the CFTC granted Eurex Clearing permission to clear certain proprietary trades for its U.S. clearing members despite the organization's failure to demonstrate compliance with straight-through requirements (see CFTC Letter 16-04). This no-action relief permits Eurex Clearing to file audited financial statements based on German statutory accounting principles for the year ending on December 31, 2016, and for subsequent years in which Eurex Clearing relies on CFTC Letter 16-04.