On October 18th, the CFTC voted to propose for public comment an amendment to its July 14, 2011 Order which grants temporary exemptive relief from certain provisions of the Commodity Exchange Act. The Exemptive Order clarified the effective date of the provisions in the swap regulatory regime established by Title VII of the Dodd-Frank Act, providing temporary relief from certain provisions that would otherwise have become effective on July 16, 2011. The CFTC proposes to amend the July 14 Order by extending the potential latest expiration date of the July 14 Order from December 31, 2011 to July 16, 2012; and adding provisions to account for the repeal and replacement (as of December 31, 2011) of part 35 of the CFTC's regulations. Comments should be submitted within 30 days after publication n the Federal Register, which is expected during the week of October 24. CFTC Fact Sheet.