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Better Markets Comment Letter to the CFTC regarding Registration with Alternative Compliance for Non-U.S. Derivatives Clearing Organizations

Better Markets filed this comment letter on a Commodity Futures Trading Commission’s (CFTC) notice of proposed rulemaking setting forth a new exemption from certain U.S. regulations for certain derivatives clearing organization (DCO) organized outside of the United States.  Despite the proposed naming convention, the CFTC’s “alternative compliance” proposal is not a means for DCOs to comply with U.S.