United States: CFTC Grants No-Action Relief To CX Clearinghouse From DCO-Related Regulations - Cadwalader, Wickersham & Taft LLP

The CFTC Division of Clearing and Risk granted no-action relief to CX Clearinghouse, L.P. from certain provisions of Part 39 of the CFTC Rules ("Derivatives Clearing Organizations") in light of CX's fully collateralized clearing model.