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期货和衍生品行业监管动态

conflicts of interest standards. The proposed rules would establish for DCMs and

SEFs certain minimum fitness standards under DCM Core Principle 15 (Governance

Fitness Standards) and SEF Core Principle 2 (Compliance with Rules), as well as

rules for identifying, managing, and resolving conflicts of interest, and structural

governance requirements to ensure that SEF and DCM governing bodies adequately

incorporate an independent perspective under DCM Core Principle 16 (Conflicts of

Interest) and SEF Core Principle 12 (Conflicts of Interest). The proposed

amendments also address requirements relating to the following: composition

requirements for board of directors and disciplinary panels; limitations on the use and

disclosure by employees and certain others of material non-public information;

requirements relating to chief regulatory officers, chief compliance officers, and

regulatory oversight committees; and notification of certain changes in the ownership

or corporate or organizational structure of a SEF or DCM.[See Fact Sheet]

The public comment period closes on April 22, 2024.

Application of Taiwan Futures Exchange Corporation for an Exemption

from Registration as a DCO

The Commission issued an order of exemption from registration as a derivatives

clearing organization (DCO) to Taiwan Futures Exchange Corporation (TAIFEX),

under Section 5b(h) of the Commodity Exchange Act. This provision permits the

Commission to exempt a clearing organization from DCO registration for swaps

clearing if the Commission determines the clearing organization is subject to

comparable, comprehensive supervision by appropriate government authorities in the

clearing organization’s home country. Subject to the terms and conditions of the order,

TAIFEX is permitted to clear proprietary swap positions for its U.S. clearing members

or affiliates of such clearing members.

[See Order]

ICE NGX Petition for Amended DCO Registration Order

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