On December 21, 2012, the Commodity Futures Trading Commission (“CFTC”), the main US regulator of the swaps market, released a proposal for additional interpretive guidance (the "Further Proposed Guidance") on how the new US swaps regulations mandated by the Dodd-Frank Act will apply in a cross-border context.
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US regulator proposes interpretive guidance on the extraterritorial application of US swaps regulations
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