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CFTC and SEC exclude most non-dealers from OTC swap registration requirement

  • Ropes & Gray LLP
  • -
  • USA
  • -
  • December 14 2010

The Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") directs the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) to identify the OTC market participants required to register with the CFTC andor SEC and adhere to a wide variety of new requirements, including capital, margin, and business conduct requirements