Dodd-Frank swaps update: compliance dates approaching *

USA - April 4 2013
A number of Dodd-Frank compliance deadlines are quickly approaching for all users of swap contracts. By April 10, 2013, all swap counterparties must…

Co-authors: Jeffrey H. Koppele, Priscilla P. Bunke, Jerome Walker.

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CFPB ability-to-repay rule and qualified mortgage definition *

USA - January 11 2013
More than twenty months ago, the Board of Governors of the Federal Reserve System (the "Board") first proposed a rule amending Regulation Z to…

Co-authors: Stephen Ornstein, William W. Carpenter, Scott D. Samlin.

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SEC proposes roadmap for advertising in securities offerings *

USA - September 10 2012
The US Securities and Exchange Commission ("SEC") has proposed rules eliminating the prohibition against general solicitation and general advertising in securities offerings exempt from SEC registration requirements under Rules 506 and 144A under the Securities Act of 1933 (the "Securities Act").

Co-authors: Matthew Dyckman, Roland S. Chase, Walter Van Dorn.

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CFTC business conduct rules will affect most swap users *

USA - February 16 2012
The US Commodity Futures Trading Commission ("CFTC") has adopted final business conduct standards ("Final Rules") for swap dealers ("SDs") and major swap participants ("MSPs"), as required by Section 731 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank").

Co-authors: Robert E. Bostrom, Kathleen A. Wechter, Jeffrey H. Koppele.

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CFTC releases proposed regulations on process for DCMS and SEFs to make a swap available to trade *

USA - January 10 2012
Section 723(a)(3) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (''Dodd-Frank") requires that swaps subject to mandatory clearing must be executed on a designated contract market ("DCM") or swap execution facility ("SEF"), unless no DCM or SEF "makes the swap available to trade."

Co-authors: Robert E. Bostrom, Jeffrey H. Koppele, Gary Goldberg .

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