What Does the Implementation of the Dodd-Frank Act Mean for the Energy Sector?


When the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) was enacted by Congress in July 2010, it was hailed by its proponents as the most comprehensive financial reform since the 1930s. Others viewed it as a needlessly complex and convoluted morass that would disproportionally complicate hedging in markets or industries that were functioning well without expansive regulation – like the energy sector. Broad in scope, the Dodd-Frank Act gave particular attention to regulating the previously unregulated over-the-counter (OTC) market in derivatives trading – a market in swaps that is now estimated to be worth $650 trillion in notional value.

Over the past two years, the Commodity Futures Trading Commission (CFTC), the Securities and Exchange Commission (SEC), and certain other federal governmental agencies have been proposing and issuing rules designed to implement the provisions of Title VII of the Dodd-Frank Act, applicable to OTC derivatives. Over the last year, the CFTC has finalized numerous rules and proposed others that remain pending or subject to public comment, all of which are of critical importance to companies in the energy and natural resources sectors trading in OTC financial derivatives involving commodities.

Please see full Alert below for further information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

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.

© Reed Smith | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.