Party to a Swap Contract? CFTC Registration Rules Apply

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Please note the April 10, 2013, deadline to register and obtain a Legal Entity Identifier (LEI), described in the advisory recently released by the Commodity Futures Trading Commission (CFTC).

LEI registration is required by CFTC reporting and recordkeeping rules adopted under the Dodd-Frank Act.

For swap contracts in effect on or after April 25, 2011, each party to the contract (not just swap dealers and major swap participants) must register and obtain an LEI.

Please see full alert below for more information.

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Topics:  CFTC, Dodd-Frank, Legal Entity Identifiers, Recordkeeping Requirements, Registration, Reporting Requirements, Swaps

Published In: General Business 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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