United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2026_register executive 2026-04-18 article Rules and Regulations D09002ee1e0b445c5 D09002ee1e0b4462d United States Commodity Futures Trading Commission originator org United States Government Agency or Subagency The Commodity Futures Trading Commission ("CFTC" or "Commission") is issuing an order pursuant to the Commodity Exchange Act ("CEA") that provides exemptive relief from the CEA and Commission regulations related to segregation and protection of futures customer funds. The order permits joint clearing members of the Chicago Mercantile Exchange, Inc. ("CME") and the Fixed Income Clearing Corporation ("FICC") that are dually registered as broker-dealers with the Securities and Exchange Commission ("SEC") and futures commission merchants ("FCMs") with the Commission ("BD-FCMs") to hold futures customer funds in a commingled customer account at FICC. 91 FR 20880 https://www.govinfo.gov/app/details/FR-2026-04-20/2026-07643 2026-07643 fr20ap26-6 6351-01-P https://www.govinfo.gov/app/details/FR-2026-04-20/2026-07643 https://www.govinfo.gov/content/pkg/FR-2026-04-20/html/2026-07643.htm https://www.govinfo.gov/content/pkg/FR-2026-04-20/pdf/2026-07643.pdf 18 p. 20880 20897 91 FR 20880 Title 17 Chapter 17 CFR Chapter Order Providing Exemptive Relief To Facilitate Cross-Margining of Customer Positions Cleared at Chicago Mercantile Exchange, Inc. and Fixed Income Clearing Corporation; Federal Register Vol. 91, Issue RULE 2026-07643 COMMODITY FUTURES TRADING COMMISSION 6351-01-P 2026-07643 Order.

The Commodity Futures Trading Commission ("CFTC" or "Commission") is issuing an order pursuant to the Commodity Exchange Act ("CEA") that provides exemptive relief from the CEA and Commission regulations related to segregation and protection of futures customer funds. The order permits joint clearing members of the Chicago Mercantile Exchange, Inc. ("CME") and the Fixed Income Clearing Corporation ("FICC") that are dually registered as broker-dealers with the Securities and Exchange Commission ("SEC") and futures commission merchants ("FCMs") with the Commission ("BD-FCMs") to hold futures customer funds in a commingled customer account at FICC.

Applicable as of April 15, 2026. Eileen A. Donovan, Deputy Director, 202-418-5096, edonovan@cftc.gov, Robert B. Wasserman, Chief Counsel, 202-418-5092, rwasserman@cftc.gov, Abigail S. Knauff, 202-418-5123, Associate Director, aknauff@cftc.gov, Division of Clearing and Risk, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581; or Elizabeth Arumilli, Special Counsel, 312-596-0632, earumilli@cftc.gov, Division of Clearing and Risk, Commodity Futures Trading Commission, 77 West Jackson Boulevard, Suite 800, Chicago, IL 60604. Order Providing Exemptive Relief to Facilitate Cross-Margining of Customer Positions Cleared at Chicago Mercantile Exchange, Inc. and Fixed Income Clearing Corp., aknauff@cftc.gov earumilli@cftc.gov edonovan@cftc.gov rwasserman@cftc.gov https://comments.cftc.gov/PublicComments/CommentList.aspx?id=7639 https://group30.org/publications/detail/4950 https://www.cftc.gov/IndustryOversight/IndustryFilings/ClearingOrganizationRules/51167 https://www.cftc.gov/media/9591/gmac_FICC_CME110623/download https://www.cftc.gov/sites/default/files/filings/documents/2025/CME_FICC_XM_4c_Request_ https://www.cmegroup.com/markets/interest-rates/files/cme-ficc-cross-margining-for-indirect-users.pdf https://www.dtcc.com/-/media/Files/Downloads/legal/policy-and-compliance/CPMI-IOSCO-Public-Quantitative-Disclosures---Q3-2025.pdf https://www.dtcc.com/news/2025/july/02/ficc-successfully-processes https://www.dtcc.com/∼/media/Files/Downloads/legal/rules/ficc_cme_crossmargin_agreement.pdf https://www.govinfo.gov/content/pkg/FR-2024-01-16/pdf/2023-27860.pdf https://www.govinfo.gov/content/pkg/FR-2025-12-04/pdf/2025-21908.pdf https://www.govinfo.gov/content/pkg/FR-2025-12-17/pdf/2025-23150.pdf https://www.govinfo.gov/content/pkg/FR-2026-02-06/pdf/2026-02333.pdf https://www.sec.gov/newsroom/press-releases/2025-43-sec-extends-compliance-dates-provides-temporary-exemption-rule-related-clearing-us-treasury Vol. 91, no. 75 Office of the Federal Register, National Archives and Records Administration 2026-04-20 continuing daily deposited born digital 382 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2026-04-20 P0b002ee1e0b431d5 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr20ap26 https://www.govinfo.gov/app/details/FR-2026-04-20 https://www.govinfo.gov/content/pkg/FR-2026-04-20/pdf/FR-2026-04-20.pdf https://www.govinfo.gov/content/pkg/FR-2026-04-20/xml/FR-2026-04-20.xml fdlp 20863 21243 DGPO 2026-04-18 2026-04-18 FR-2026-04-20 machine generated eng FR FR-2026-04-20 91 75