Nadex Amends its Rulebook to Accommodate Swaps Provisions
|Notice Type||Notice ID|
|Rulebook & Agreement||442.061413|
Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, and Commission Regulation §40.6(a), Nadex has submitted to the Commission amendments to its Rulebook to identify its contracts as ‘swaps’ as defined in 17 USC 1a(47), to accommodate swaps provisions, and reflect the appropriate swap language. New Rules ‘6.1 Clearance and Substitution’ and ‘6.5 Regulatory Reporting to Swap Data Repository’ were added, and text has been amended in Rules 1.1, 3.1-3.5, 4.1, 5.4, 6.1-6.2, 6.5, 8, 9.6.
Also included in this submission were minor grammatical corrections, as well as amendments to Rules 11.1-11.3 to reflect the language of Commission Regulations 1.59, 1.63, and 1.69.
Pursuant to Commission Regulation §40.6(a)(3), these new Rules and amendments would become effective July 1, 2013.
Should you have any questions or require further information, please contact the Compliance Department.