In response to an increase in the volume of promotional material being submitted by guaranteed introducing brokers (GIBs) to the National Futures Association (NFA) through its Pre-review Program (a free service offered by the...more
4/3/2013
- FCMs Guaranteed Introducing Brokers NFA
Pursuant to the Energy Policy Act of 2005, the Federal Energy Regulatory Commission (FERC) fined a natural gas trader $30 million for manipulating the settlement price for natural gas futures contracts on the New York...more
3/26/2013
- CFTC FERC Futures Natural Gas
On March 4, the National Futures Association (NFA) issued a proposed rule change and interpretive notice that would allow commodity pools to provide certain loans to related commodity pool operators (CPOs) and other...more
3/13/2013
- Commodity Pool CPO NFA
The Division of Clearing and Risk of the Commodity Futures Trading Commission has deferred for approximately six weeks the deadline for mandatory clearing of iTraxx Credit Default Swap (iTraxx CDS) indices. Swap dealers,...more
3/6/2013
- CFTC Compliance iTraxx CDS indices
The Commodity Futures Trading Commission is seeking public comment regarding a request by trueEX LLC (trueEX) to amend its order of designation as a contract market...more
2/13/2013
- CFTC trueEX
The National Futures Association (NFA) has notified its members that it will require each member of the NFA that is registered as a commodity pool operator (CPO) and operates one or more commodity pools that are also...more
2/6/2013
- CFTC CPO Investment Companies NFA Registration
The National Futures Association (NFA) recently amended Section 4 of its Financial Requirements to require futures commission merchants (FCMs) that hold customer funds to in turn require banks and trust companies holding such...more
2/6/2013
- NFA Reporting Requirements Segregated Funds Third-Party
The Commodity Futures Exchange Commission has issued an exemptive order (Order) that permits the commingling and portfolio margining of cleared credit default swaps (CDS) and security-based swaps (SB CDS)...more
1/23/2013
- Broker-Dealer CDS CEA CFTC Commingling SB CDS Swaps
Staff of the Commodity Futures Trading Commission released a series of letters relating to a variety of regulatory changes, including the extraterritorial application of certain CFTC requirements, registration relief, swap...more
1/10/2013
- CFTC NFA No-Action Letters Swaps
On December 27, National Futures Association issued guidance for NFA members carrying accounts, accepting orders or handling transactions from an introducing broker (IB) whose NFA membership is pending in reliance upon...more
1/9/2013
- Brokers CFTC Compliance NFA No-Action Relief Swaps
The National Futures Association (NFA) has issued a notice temporarily exempting certain proprietary trading firms that may be required to be registered as commodity pool operators (CPOs) as of December 31, 2012, from the...more
12/28/2012
- CFTC CPO NFA
The Commodity Futures Trading Commission has issued interim final rules extending the effective dates for certain business conduct and documentation requirements for swap dealers (SDs) and major swap participants (MSPs)...more
12/28/2012
- CFTC Compliance Major Swap Participants Swap Dealers Swaps
Provisions of the Securities Exchange Act of 1934 (Exchange Act) and the Commodity Exchange Act (CEA) preclude market participants from portfolio margining collateral and other property that is required by the Exchange Act...more
12/27/2012
- Broker-Dealer CEA CFTC Dodd-Frank SEC Swaps
The Commodity Futures Trading Commission (CFTC) released a series of staff letters relating to various issues arising under rules implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act, including chief...more
12/18/2012
- CFTC CPO Dodd-Frank FX Swaps No-Action Letters Swaps
Global leaders and authorities overseeing the over-the-counter (OTC) derivatives market issued a joint press statement in furtherance of the agreement at the G-20 Pittsburgh Summit in 2009...more
12/12/2012
- Derivatives OTC
Commencing in 2012, each person or entity claiming an exemption from commodity pool operator (CPO) or commodity trading advisor (CTA) registration must annually affirm the applicable exemption within 60 days of the end of...more
12/12/2012
- Commodity Pool CPO CTA
