inkslinger mensa derivative organizations

#INKSLINGER MENSA DERIVATIVE ORGANIZATIONS FULL#
#INKSLINGER MENSA DERIVATIVE ORGANIZATIONS REGISTRATION#

If there is no applicable legal requirement for a particular core principle, the applicant shall provide an explanation of how it would satisfy the core principle.

#INKSLINGER MENSA DERIVATIVE ORGANIZATIONS FULL#

To satisfy this requirement, the applicant shall provide in Exhibit A–1 the citation and full text of each applicable legal requirement in its home country that corresponds with each core principle and an explanation of how the applicant satisfies those requirements. For purposes of this paragraph, the applicant must demonstrate to the Commission, in Exhibit A–1, the extent to which compliance with the applicable legal requirements in its home country would constitute compliance with the core principles set forth in section 5b(c)(2) of the Act. The applicant shall submit to the Commission the following sections of Form DCO, as provided in appendix A to this part: Cover sheet, Exhibit A–1 (regulatory compliance chart), Exhibit A–2 (proposed rulebook), Exhibit A–3 (narrative summary of proposed clearing activities), Exhibit A–4 (detailed business plan), Exhibit A–7 (documents setting forth the applicant's corporate organizational structure), Exhibit A–8 (documents establishing the applicant's legal status and certificate(s) of good standing or its equivalent), Exhibit A–9 (description of pending legal proceedings or governmental investigations), Exhibit A–10 (agreements with outside service providers with respect to the treatment of customer funds), Exhibits F–1 through F–3 (documents that demonstrate compliance with the treatment of funds requirements with respect to customers of futures commission merchants), and Exhibit R (ring-fencing memorandum). If the application is approved by the Commission, the derivatives clearing organization's compliance with its home country regulatory regime would satisfy the core principles set forth in section 5b(c)(2) of the Act, subject to the requirements of subpart D of this part.

#INKSLINGER MENSA DERIVATIVE ORGANIZATIONS REGISTRATION#

financial system may apply for registration in accordance with the terms of this paragraph in lieu of filing the application described in paragraph (a)(2) of this section.

An entity that is organized outside of the United States, is seeking to register as a derivatives clearing organization for the clearing of swaps, and does not pose substantial risk to the U.S. Provisions Applicable to Derivatives Clearing Organizations Subject to Compliance with Core Principles Through Compliance with Home Country Regulatory RegimeĬompliance with the core principles through compliance with home country regulatory regime.įorm DCO Derivatives Clearing Organization Application for Registration Special enforcement authority for systemically important derivatives clearing organizations.Īdvance notice of material risk-related rule changes by systemically important derivatives clearing organizations. Recovery and wind-down for systemically important derivatives clearing organizations and subpart C derivatives clearing organizations.Ĭonsistency with the Principles for Financial Market Infrastructures. Risk management for systemically important derivatives clearing organizations and subpart C derivatives clearing organizations.Īdditional disclosure for systemically important derivatives clearing organizations and subpart C derivatives clearing organizations.Įfficiency for systemically important derivatives clearing organizations and subpart C derivatives clearing organizations.

System safeguards for systemically important derivatives clearing organizations and subpart C derivatives clearing organizations.ĭefault rules and procedures for uncovered credit losses or liquidity shortfalls (recovery) for systemically important derivatives clearing organizations and subpart C derivatives clearing organizations. Provisions Applicable to Systemically Important Derivatives Clearing Organizations and Derivatives Clearing Organizations That Elect To Be Subject to the Provisions of This SubpartĮlection to become subject to the provisions of this subpart.įinancial resources requirements for systemically important derivatives clearing organizations and subpart C derivatives clearing organizations. Review of swaps for Commission determination on clearing requirement.Įxemption from derivatives clearing organization registration.įraud in connection with the clearing of transactions on a derivatives clearing organization. Procedures for implementing derivatives clearing organization rules and clearing new products.

General Provisions Applicable to Derivatives Clearing Organizations

Inkslinger mensa derivative organizations