News release: “The Securities and Exchange Commission took further action to help increase the transparency of credit default swaps by approving conditional exemptions that will allow the Chicago Mercantile Exchange Inc. (CME) to operate as a central counterparty for clearing them. These conditional exemptions, based on a request by the CME and Citadel Investment Group LLC, provide the SEC with regulatory oversight of the central counterparty, and should enhance the quality of the credit default swap market and the Commission’s ability to protect investors.

• Exemptive Order Regarding Chicago Mercantile Exchange Inc. and Citadel Investment Group, L.L.C.
• Request for Exemptive Relief
• Related postings on financial system