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Results: 1-10 of 5,217

FinCEN issues proposal to expand beneficial ownership identification requirements

  • Sidley Austin LLP
  • -
  • USA
  • -
  • March 13 2012

On March 5, 2012, the Treasury Department’s Financial Crimes Enforcement Network published in the Federal Register an Advance Notice of Proposed Rulemaking pertaining to the development of a customer due diligence regulation that would be applicable to banks, brokers or dealers in securities, mutual funds and futures commission merchants which focuses on the collection of beneficial ownership information about accountholders

Compliance date for certain swap recordkeeping obligations extended

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • April 8 2013

On April 1st, the CFTC's Division of Swap Dealer and Intermediary Oversight issued time-limited no-action relief for swap dealers ("SDs") and major

Legal alert: CFTC proposes temporary relief from certain provisions of the Dodd-Frank Act slated to become effective on July 16, 2011

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • June 15 2011

Earlier today, the Commodity Futures Trading Commission (CFTC) issued a proposed order to temporarily exempt swap market participants from certain provisions of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) that will become effective on July 16, 2011

SEC proposes swap dealer registration process

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • October 17 2011

On October 12th, the SEC published for comment proposed rules that lay out the process by which security-based swap dealers and security-based swap participants must register with the SEC

New proposed regulations treat credit default swaps as notional principal contracts

  • Mayer Brown LLP
  • -
  • USA
  • -
  • October 13 2011

The US Department of the Treasury (the “Treasury”) and the Internal Revenue Service (the “Service”) issued proposed regulations on September 16, 2011 (the “proposed regulations”) that, if finalized, will treat credit default swaps (CDSs) and certain other swaps as notional principal contracts (NPCs

DOL clarifies role of clearing members in cleared swaps

  • Debevoise & Plimpton LLP
  • -
  • USA
  • -
  • February 14 2013

On February, 7, 2013, the U.S. Department of Labor (the “DOL”) confirmed in Advisory Opinion 2013-01A that a clearing member of a derivatives clearing

Hedging interest and FX hedging: The consequences of having US investors

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • April 17 2012

Non-US real estate funds engaging in hedging of interest rate or foreign exchange risks (whether by exchange traded or over-the-counter derivatives) and which also have US investors or US sponsors, even though such funds are domiciled and operated outside the US, may still find themselves and their operators subject to the jurisdiction of the US Commodity Futures Trading Commission as a consequence of the US Dodd-Frank Act

Regulatory arbitrage

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • December 10 2012

On December 2nd, Reuters reported large international financial institutions are advising their non-U.S. customers to route derivatives trades through the firms' off-shore offices in order to avoid U.S. derivatives, clearing and reporting requirements

Exchanges, industry groups comment on FTC rulemaking

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • June 27 2008

In a joint June 23 comment letter addressed to the Federal Trade Commission (FTC), the Futures Industry Association, CME Group, New York Mercantile Exchange and Managed Funds Association addressed the FTC's implementation of Section 811 of the Energy Independence and Security Act of 2007, which gives the FTC anti-manipulation authority over wholesale purchases and sales in crude oil, gasoline and petroleum distillates

The Dodd-Frank Act substantially alters the federal position limit regime for futures and OTC derivatives

  • Sidley Austin LLP
  • -
  • USA
  • -
  • November 23 2010

The Dodd-Frank Consumer Protection and Wall Street Reform Act ("Dodd-Frank") granted the U.S. Commodity Futures Trading Commission (the "CFTC") and U.S. Securities and Exchange Commission (the “SEC”) substantial new authority to set position limits with respect to futures, options on futures, and certain over-the-counter (“OTC”) derivatives