Exemptive, No-Action, & Interpretative Letters for CFTC.gov.

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Exemptive, No-Action, & Interpretative Letters for CFTC.gov.

The following letter has been added:

12-28; Regulation 22.2(d); No-Action ; October 17, 2012
Division of Clearing and Risk staff issued an interpretation providing clarification that while regulation 22.2(d) prohibits an FCM from permitting a lien on Cleared Swaps Customer Collateral that it holds, regulation 22.2(d) does not prohibit a Cleared Swaps Customer from granting a lien on his or her own account at the FCM, nor does the regulation prohibit the FCM from taking action to foster the Cleared Swaps Customer’s grant of such a lien.

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