On July 19th, the CFTC adopted new final rules implementing certain statutory provisions of the Dodd-Frank Act. The new final rules establish the CFTC's procedural framework for the submission of new products, rules, and rule amendments by designated contract markets, derivatives clearing organizations, swap execution facilities, and swap data repositories. In addition, the new final rules prohibit event contracts involving certain excluded commodities, establish special submission procedures for certain rules proposed by systemically important derivatives clearing organizations, and stay the certifications and the approval review periods of novel derivative products pending jurisdictional determinations. The rules are effective 60 days after publication in the Federal Register, which is expected during the week of July 25.