In September 2015, the Commodity Futures Trading Commission (CFTC) stated in a settlement order that “Bitcoin and other virtual currencies are encompassed in the definition and properly defined as commodities” under the...more
On May 24, 2016, the Commodity Futures Trading Commission (“CFTC”) in a much anticipated action approved the issuance of final rules (“Final Rules”) regarding the cross-border application of its uncleared swaps margin...more
6/8/2016
/ Basel Committee on Banking Supervision (BCBS) ,
CFTC ,
Commodities ,
Covered Swap Entities (CSE) ,
Cross-Border ,
Cross-Border Transactions ,
Federal Register ,
Final Rules ,
Financial Statements ,
Foreign Subsidiaries ,
Guaranty Claims ,
IOSCO ,
Margin Requirements ,
Prudential Regulation Authority (PRA) ,
Swap Dealers ,
Swaps ,
U.S. Person
On January 8, 2016, the Division of Clearing and Risk (“Division”) of the Commodity Futures Trading Commission (“CFTC”) issued no-action letters providing relief from the mandatory clearing requirement for swaps under Section...more
On June 29, 2015, the Commodity Futures Trading Commission (“CFTC”) issued proposed rules (“Proposed Rules”) regarding the cross-border application of its proposed uncleared swaps margin rules issued last October. The...more
7/14/2015
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
CFTC ,
Commodities ,
Compliance ,
Cross-Border Transactions ,
Federal Register ,
Financial Statements ,
Foreign Subsidiaries ,
Futures ,
Margin Requirements ,
Proposed Regulation ,
Prudential Regulation Authority (PRA) ,
Public Comment ,
Swap Dealers ,
Swaps ,
U.S. Person
On April 30, 2015, the Commodity Futures Trading Commission (“CFTC”) approved for publication in the Federal Register proposed amendments to the trade option exemption (the “Proposal”) that would reduce reporting and...more
On September 30, 2013, the CFTC’s Division of Market Oversight (“DMO”) issued a Commodity Option FAQ document. While the document largely contains information already set forth in prior CFTC releases, it does contain helpful...more