On July 20th, the SEC extended the temporary conditional exemption allowed those persons that met the definition of eligible contract participant as set forth in section 1a(12) of the Commodity Exchange Act (as in effect on July 20, 2010), but that could potentially be considered non-eligible contract participants under the definition of eligible contract participant as amended by the Dodd-Frank Act, to continue to be treated as eligible contract participants until the effective date of the rules defining the terms "swap" and "security-based swap." SEC Release No. 34-67480. The effective date for the rules defining those terms is 60 days after their publication in the Federal Register, which is expected shortly. See SEC Release No. 33-9338.