CFTC to Host Roundtable on Enhancing Customer Funds Protection

The Commodity Futures Trading Commission staff will host a public roundtable to discuss the CFTC’s proposed rulemaking, “Enhancing Protections Afforded Customers and Customer Funds Held by Futures Commission Merchants and Derivatives Clearing Organizations,” published for public comment on November 14, 2012. The roundtable will consist of four sessions: (i) the role of an “Examination Expert” to review Self-Regulatory Organization examination programs, (ii) the proposed disclosures of firm-specific risks and financial reporting, (iii) the proposed additional requirements for segregation and secured acknowledgment letters, and (iv) the proposed residual interest requirements for futures commission merchants.

The roundtable will be held at CFTC headquarters in Washington, D.C. on February 5, and will be open to the public. A live audio feed will also be available for anyone not able to attend in person, and a video of the discussion will be posted on the CFTC’s website upon the conclusion of the roundtable.

More information on the roundtable can be found here.

 

Topics:  CFTC, Customer Funds Protection, Derivatives, Derivatives Clearing Organizations

Published In: Consumer Protection Updates, Finance & Banking Updates, Securities Updates

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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