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USA - October 12 2012
The Division of Swap Dealers and Oversight (the Division) of the Commodities Futures Trading Commission (the CFTC) released two interpretative letters excluding from the definition of "commodity pool" (1) investment vehicles that operate in a manner consistent with the constraints set forth in Regulation AB or Investment Company Act Rule 3a-7 (Rule 3a-7) promulgated by the Securities and Exchange Commission (the SEC) and certain other requirements, and (2) equity real estate investment trusts (Equity REITs).
USA - October 4 2012
Relief from CFTC's New Commodity Pool Regulation May Be In Sight for Certain Securitization Transactions as Deadline LoomsOctober 4, 2012 Under new Commodity Futures Trading Commission (CFTC) rules scheduled to become effective on October 12th of this year, if an investment trust or similar entity is viewed as "trading" in swaps, its sponsor and other responsible parties may be required to register with the CFTC as "commodity pool operators" (CPOs) or may be required to register as “commodity trading advisors” (CTAs).
USA - September 28 2012
Under new Commodity Futures Trading Commission (CFTC) rules effective October 12th of this year, if an investment trust or similar entity is viewed as "trading" in swaps, its sponsor and other responsible parties may be required to register with the CFTC as "commodity pool operators" (CPOs) or may be required to register as "commodity trading advisors" (CTAs).
USA - June 29 2012
The Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency have approved a joint notice of proposed rulemaking regarding minimum regulatory capital ratios, capital adequacy, prompt corrective action, transition periods for the implementation of these provisions and related matters (the “Notice”).
USA - June 13 2012
On June 7, 2012, the Federal Reserve Board (the “Board”) adopted a joint final rule governing the calculation of capital requirements to cover market risk (the “Market Risk Rule”).
