CFTC Regulations: QIR Disclosure Statement
By publicly posting the following written disclosure as of Oct. 2, 2015, LCRA intends that market participants receive and use it for purposes of the qualified independent representative requirement under the Commodity Futures Trading Commission (CFTC) regulations.
For purposes of the CFTC regulations, LCRA has selected a qualified independent representative (QIR) as defined in 17 Code of Federal Regulations Section 23.450 (b)(1) (the Regulation). LCRA has complied in good faith with written policies and procedures reasonably designed to select a QIR and to ensure the QIR satisfies the applicable requirements of the Regulation. LCRA represents that the QIR is independent, unless the QIR informs a swap dealer or major swap participant otherwise, and is obligated to comply with the Regulation.