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<p><span>The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against&nbsp;ICE Clear Europe Limited&nbsp;(ICEU) for violating regulations requiring derivatives clearing organizations (DCOs) to obtain written acknowledgment letters from a depository. Acknowledgment letters state that the depository was informed that funds deposited are customer funds being held in accordance with the Commodity Exchange Act (CEA) and restrict the use of such funds, among other things. The order requires ICEU to pay a $450,000 civil monetary penalty and to cease and desist from any further violations of the CFTC regulations, as charged.</span></p>

Robertt howellElizabethn pendletonBryan hsuehScottr williamsonAnsley schrimpfCommodity futures trading commissionCommodity exchange actDivision of clearingClear europeDivision of enforcement staffEurope limitedEnforcement staff