Proposed Order and Request for Comment on Application for Exemption From Certain Provisions of the Commodity Exchange Act Regarding Investment of Customer Funds and From Certain Related Commission Regulations

Résumé

The Commodity Futures Trading Commission ("CFTC" or "Commission") is requesting comment on a proposed exemption issued in response to an application from ICE Clear Credit LLC, ICE Clear US, Inc., and ICE Clear Europe Limited (collectively, "the ICE DCOs" or "the Petitioners") to grant an exemption to permit the investment of futures and swap customer funds in certain categories of euro- denominated sovereign debt. The ICE DCOs are also requesting exemptive relief to expand the universe of counterparties and depositories they may use in connection with these investments given the structure of the market for repurchase agreements in euro-denominated sovereign debt.