On May 1st, the CFTC issued a Proposed Interpretative Statement regarding the confidentiality and indemnification provisions in the Dodd-Frank Act. The proposal generally exempts foreign regulators from the indemnification and confidentiality provision in the Dodd-Frank Act, and ensures that foreign regulators have access to data in Swap Data Repositories ("SDR"). This exemption only applies to data that is required to be reported and if the SDR is recognized by the country's law and regulation. Comments should be submitted within 30 days after publication in the Federal Register, which is expected during the week of May 7. CFTC Press Release.