On October 22nd, the CFTC issued Interpretative Guidance to, under certain circumstances, exempt foreign regulators from the indemnification and confidentiality provisions in the Dodd-Frank Act. This exemption applies generally to data that is reported pursuant to foreign law and if the swap data repository ("SDR") is registered, recognized, or otherwise authorized by the country's law and regulation. Further, the CFTC's guidance concludes that the confidentiality and indemnification provisions should not operate to inhibit or prevent foreign regulatory authorities from accessing data in which they have an independent and sufficient regulatory interest (even if that data also has been reported pursuant to the Commodity Exchange Act and CFTC regulations). The guidance is effective October 25, 2012. CFTC Press Release. See also Questions and Answers.