The Commodity Futures Trading Commission held a public meeting on December 1 to propose its sixth series of rules under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The CFTC has published notification of (and, in most cases, requested public comment on) the following five rule proposals.
Further Definitions of Swap Dealer, Major Swap Participant and Eligible Contract Participant: Section 721 of the Dodd-Frank Act creates basic definitions for the new categories of regulated entities “swap dealer” (SD) and “major swap participant” (MSP), and Section 712(d)(1) provides that the Securities and Exchange Commission and the CFTC, in consultation with the Federal Reserve Board, must further define these terms, as well as the term “eligible contract participant” (ECP).
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