NOTICE OF DISCIPLINARY ACTION

FILE NO.:                   19-CH-1906

MEMBER FIRM:         Marex North America LLC  

CME Rules:            970. FINANCIAL REQUIREMENTS

A.    Subject to exemptions granted by Exchange staff, all clearing members, including non-FCMs, must comply with the requirements set forth in CFTC Regulations 1.10, 1.12, 1.17 and 1.18. This includes, but is not limited to, the following:

1.      Maintenance of minimum capital requirements of at least $5 million except that a clearing member that is a bank must maintain           minimum Tier I Capital (as defined in accordance with regulation applicable to the relevant bank) of at least $5 billion;

2.      Submission of a Form 1-FR, FOCUS Report or other requested information within the specified period of time;

4.     Completely and accurately computing and recording the balances in the net capital comptation including capital requirements;            

980. REQUIRED RECORDS AND REPORTS

C. A clearing member must file any information requested by the Exchange within the time period specified in the request.

FINDINGS:                  Pursuant to an offer of settlement in which Marex North America LLC neither admitted nor denied the rule violations upon which the penalty is based, on January 23, 2020, the Clearing House Risk Committee found that Marex North America LLC violated CME Rules 970.A.1., 970.A.2., 970.A.4. and 980.C.

PENALTY:                  In accordance with the settlement offer, the Committee imposed a $150,000 fine.

EFFECTIVE DATE:    January 24, 2020