CMC Members Discuss LSOC and MF Global

On CMC’s policy call this week, members gave special presentations on the CFTC’s Legally Separate Operationally Commingled (LSOC) final rule that was released in January. Its pros and cons were analyzed. Following that, members and staff discussed the CIEBA proposal regarding segregated funds, with a view to try and understand it better from a cost-benefit perspective. The CFTC’s upcoming public roundtables on clearing arrangements and customer protection were also discussed.

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