EUREX Clear Authorized Manager

On Mar. 18, EUREX Clear announced amendments to FCM regulations.

  • EUREX Clear announced introduction of authorized manager roles to FCM Regulations.
  • Overview
  • EUREX Clear will introduce the authorised manger setup in the FCM Regulations.
  • Explained that an authorized manager can be set up as a Basic Authorised Manager.
  • Or can be set up as an FCM client, if, on FCM clearing member's request, EUREX Clear assigns an FCM Client Transaction Account to the authorized manager in its system.
  • Relevant fund/relevant fund segment for which the relevant authorized manager is acting will be set up as FCM client; amendment aims to harmonize different client setups under the clearing conditions, and harmonize LSOC Clearing Models.
  • To reflect the changes, FCM Rulebook provisions that will be amended are shown here.
  • Effectiveness
  • Amendments to the FCM Regulations are effective as of May 2, 2024.
  • Mar. 19, 2024 CFTC Rule Certification
  • On Mar. 19, 2024, EUREX Clear submitted to CFTC a certification and rule amendments regarding authorized manager setup; date of intended implementation is May 2, 2024.
  • Apr. 2024 CFTC Certified
  • On Apr. 2, 2024, CFTC reported certified status of EUREX Clear rule certification.

Regulators EUREX Clear
Entity Types Depo; Exch; FCM
Reference RF, 4/2/2024; RF 020-24, 3/19/2024; Cir 020/24, 3/18/2024
Functions Compliance; Financial; Legal; Operations; Risk; Settlement
Countries EU Exchange
Products Clearing; Commodities; Derivatives; Fixed Income; Futures
Regions EMEA
Rule Type Final
Rule Date 3/18/2024
Effective Date 5/2/2024
Rule Id 204873
Linked to N/A
Reg. Last Update 4/2/2024
Report Section EU

Last substantive update on 04/08/2024