CFTC’s extension of aid to Chinese stock market sparks protests

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By Tom Zanki (July 26, 2022, 6:01 p.m. EDT) — On Tuesday, the U.S. Commodity Futures Trading Commission again granted relief to the Shanghai Clearing House, agreeing not to take enforcement action against the organization derivatives clearing company for not registering with the agency, prompting dissent from a Republican commissioner.

The CFTC’s Clearing and Risk Division said it has issued a “no action” letter that will extend advance relief to Shanghai Clearing House, or SHCH, which was set to expire on Sunday, July 31. The new and probably last extension is effective until July. 31 2023, unless the regulator decides to exempt the clearing house from registration as a derivatives clearing organization before that date….

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