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Follow Futures CFTC exempts Nadex from some Dodd-Frank provisions 

January 22, 2014

CFTC Staff Issues Exemptive and Interpretative Letters to Nadex and Commission Amends Nadex Derivatives Clearing Organization Registration Order.

Washington, DC — In response to a request from the North American Derivatives Exchange, Inc. (Nadex), a registered derivatives clearing organization (DCO), the U.S. Commodity Futures Trading Commission’s (Commission) Division of Clearing and Risk (DCR), acting under delegated authority from the Commission, issued an exemptive letter that grants Nadex relief from certain provisions of the Commission’s regulations applicable to DCOs. DCR also issued an interpretative letter that addresses the applicability of certain regulatory provisions to Nadex.

The request from Nadex was prompted by the Commission’s 2011 adoption of regulations that implemented Dodd-Frank Act amendments to the Commodity Exchange Act “core principles” for DCOs.

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