On October 16th, the Commodity Futures Trading Commission (the "CFTC") announced the approval of new final rules amending certain existing regulations to integrate them with the statutory and regulatory framework established under the Dodd-Frank Act. Specifically, the new rules amend certain definitions and recordkeeping regulations so that they apply to both futures and swaps. As an example, futures commission merchants and introducing brokers will now be required to follow recordkeeping rules for swap transactions that are equivalent to those rules they presently follow for futures transactions. The new rules are effective 60 days after publication in the Federal Register, which is expected shortly. CFTC Press Release. Reuters noted that absent from the amendments is a rule implementing the Dodd-Frank Act's provision requiring futures exchanges to record all communications leading to the execution of a transaction. The proposed rule drew sharp criticism from grain traders who feared they would be required to record every conversation with a farmer, grain buyer, or grain trader. Recording Rewind.