CFTC Issues Sixth Series of Proposed Rules Under Dodd-Frank Including Rules to Further Define Swap Entities


The Commodity Futures Trading Commission (CFTC) issued its sixth series of proposed rules under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) at an open meeting held yesterday, Wednesday, December 1, 2010.

The proposed rules:

Further define the terms “swap dealer,” “major swap participant” and “eligible contract participant.”; Amend existing rules and establish new rules to govern the trading and execution of swaps on designated contract markets (DCMs); Establish reporting, recordkeeping, public information and information requirements for derivatives clearing organizations (DCOs); Establish reporting, recordkeeping and daily trading records requirements for swap dealers and major swap participants; Amend CFTC regulations to clarify procedures to be followed by DCOs, as well as to streamline the DCO application process and the process by which DCOs submit rules to permit portfolio margining of futures and securities in a futures account.

Please see full alert below for more information.

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

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.

© Eversheds Sutherland (US) LLP | Attorney Advertising

Written by:


Eversheds Sutherland (US) LLP on:

Popular Topics
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*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. Or, sign up using your email address.