"CFTC Announces February 12 Public Meeting on Cross-Border Guidance"

The Commodity Futures Trading Commission (CFTC) announced that the Global Markets Advisory Committee (GMAC) will hold a public meeting on February 12, 2014, to discuss CFTC Staff Advisory 13-69 (Staff Advisory).

The Staff Advisory interpreted the CFTC’s Cross-Border Guidance to require a non-U.S. swap dealer to comply with particular CFTC regulations when it enters into a swap with a non-U.S. counterparty if the swap is arranged, negotiated or executed by personnel or agents of the non-U.S. swap dealer located in the U.S.

You can find Skadden’s analysis of the CFTC’s Cross-Border Guidance here and analysis on the Staff Advisory here.


The GMAC meeting will be held at the CFTC’s Washington, D.C. headquarters from 2-5 p.m. on Wednesday, February 12, 2014. The meeting will also be broadcast on a live audio call-in telephone feed. Dial-in details are available here.

The deadline to submit written statements in connection with the meeting is February 6, 2014.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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