October 4, 2012

CFTC’s Division of Swap Dealer and Intermediary Oversight Provides Guidance on Segregated and Secured Funds Maintained in a Combined Omnibus Account

Washington, DC—The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today released a letter providing guidance to registered futures commission merchants (FCMs). The letter is intended to identify a situation whereby FCMs may be inappropriately utilizing an omnibus account with their clearing FCM in which they are combining segregated and secured funds in one account.

The letter is available at the Commission’s Web site:

http://www.cftc.gov/idc/groups/public/@iointermediaries/documents/file/fcmguidance2012-2.pdf

Copies of the letter also may be obtained by contacting the Commission’s Office of the Secretariat, Three Lafayette Centre, 1155 21st Street, N.W., Washington, D.C. 20581, (202) 418-5100.

Last Updated: October 4, 2012