On Mar. 18, EUREX Clear announced amendments to FCM regulations.
EUREX Clear announced introduction of authorised manager roles to FCM Regulations.
Overview
EUREX Clear will introduce the authorised manger setup in the FCM Regulations.
Explained that an authorized manager can be set up as a Basic Authorised Manager.
Or can be set up as an FCM client, if, on FCM clearing member's request, EUREX Clear assigns an FCM Client Transaction Account to the authorized manager in its system.
Relevant fund/relevant fund segment for which the relevant authorized manager is acting will be set up as FCM client; amendment aims to harmonize different client setups under the clearing conditions, and harmonize LSOC Clearing Models.
To reflect the changes, FCM Rulebook provisions that will be amended are shown here.
Effectiveness
Amendments to the FCM Regulations are effective as of May 2, 2024.
Mar. 19, 2024 CFTC Rule Certification
On Mar. 19, 2024, EUREX Clear submitted to CFTC a certification and rule amendments regarding authorized manager setup; date of intended implementation is May 2, 2024.
