LCH SA Requests Extended Timeframe for SEC Review of Proposed Rule Change for Markit iTraxx Index CDS

Summary

LCH SA, a self-regulatory organization, has submitted a notice to the SEC requesting an extended period for review of a proposed rule change related to the introduction of clearing for the new Markit iTraxx Subordinated Financials Index CDS and related single name CDS constituents and enhancements to wrong way risk margin.