[Code of Federal Regulations]
[Title 17, Volume 1]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR39.2]

[Page 428]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER I--COMMODITY FUTURES TRADING COMMISSION
 
PART 39_DERIVATIVES CLEARING ORGANIZATIONS--Table of Contents
 
Sec. 39.2  Exemption.

    A derivatives clearing organization and the clearing of agreements, 
contracts and transactions on a derivatives clearing organization are 
exempt from all Commission regulations except for the requirements of 
this part 39 and Sec. Sec. 1.3, 1.12(f)(1), 1.20, 1.24, 1.25, 1.26, 
1.27, 1.29, 1.31, 1.36, 1.38(b), part 40 and part 190 of this chapter, 
and as applicable to the agreement, contract or transaction cleared, 
parts 15 through 18 of this chapter. The foregoing reserved regulations 
are applicable to a derivatives clearing organization and its activities 
as though they were set forth in this section and included specific 
reference to derivatives clearing organizations. Any reference to the 
term ``clearinghouse'' or ``clearing organization'' contained in the 
regulations shall be deemed to refer to a derivatives clearing 
organization.

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