ISDA’s Dodd-Frank Protocol is its first initiative to allow market participants to adapt derivatives documentation to the new rules created by US and EU regulatory reform. This Protocol responds to seven final regulations by the US CFTC (Commodity Futures Trading Commission) and offers a set of clauses to supplement existing agreements or apply certain Dodd-Frank provisions. Of special relevance is the need for adhering counterparties to deliver a standardised questionnaire that will ease compliance with the Dodd-Frank “know your counterparty” rules that will be effective from 14 October. ISDA also offers a centralised platform (ISDA Amend) for online inputting and automatic delivery of that questionnaire to other counterparties. (Source: ISDA August 2012 DF Protocol)