ICE Withdraws, China Easing, Peru Exchange: Compliance
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ICE Trust U.S. LLC, the world’s largest clearinghouse for credit-default swaps, withdrew its Nov. 12 application to the U.S. Commodity Futures Trading Commission to be registered as a designated clearing organization.
ICE Trust, owned by Atlanta-based Intercontinental Exchange Inc., said in a Dec. 23 letter to the CFTC that it was withdrawing its application because of “significant changes” proposed to regulations for derivatives clearing organizations, or DCOs. The proposed rules are required by mid-July under the Dodd-Frank financial-regulation law.