Commodity Futures Trading Commission May 14, 2007 โ Federal Register Recent Federal Regulation Documents
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Proposal To Exempt the Trading and Clearing of Certain Credit Default Products Traded on the Chicago Board Options Exchange and Cleared Through the Options Clearing Corporation Pursuant to the Exemptive Authority in ยง 4(c) of the Commodity Exchange Act
The Commodity Futures Trading Commission (``CFTC'' or the ``Commission'') is proposing to exempt the trading and clearing of certain credit default products that are proposed to be traded on the Chicago Board Options Exchange (``CBOE'') and cleared through the Options Clearing Corporation (``OCC'') from any applicable provisions of the Commodity Exchange Act (``CEA'').\1\ Authority for this exemption is found in Section 4(c) of the CEA.\2\
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