News Column

CFTC Vacates New York Portfolio Clearing, LLC's Registration as a Derivatives Clearing Organization

May 30, 2014



WASHINGTON, May 30 -- The Commodity Futures Trading Commission issued the following news release:

At the request of New York Portfolio Clearing, LLC (NYPC), the Commodity Futures Trading Commission (Commission) today issued an Order that vacates the registration of NYPC as a derivatives clearing organization, pursuant to Section 7 of the Commodity Exchange Act.

The Order will be effective 10 business days after the successful transfer of open interest from NYPC to ICE Clear Europe Limited and, in any event, no earlier than June 23, 2014.

The Order of Vacation is available here: http://www.cftc.gov/ucm/groups/public/@requestsandactions/documents/ifdocs/nypcdcovacationorder.pdf

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Source: Targeted News Service


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