Derivatives Insight -
New section 2(a)(13)(G) of the Commodities Exchange Act ("CEA"), promulgated pursuant to the Dodd-Frank Act, requires all swaps to be reported to swap data repositories ("SDRs"). Under CEA section 21(c)(7), SDRs are required to make swap transaction data available to certain domestic and foreign regulators under specified circumstances. As a condition of being able to access such data from a SDR, regulators are required by CEA section 21(d) to abide by the confidentiality and indemnification requirements of section 8 of the CEA including to indemnify the SDR and the CFTC for any expenses arising out of litigation relating to the information provided by the SDR.
Please see full alert below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.