Commodities Futures Trading Commission’s (CFTC) new whistleblower program was officially launched on October 24, 2011.
The Commodity Futures Trading Commission (CFTC) proposed an amendment to its order of July 14, 2011, providing temporary exemptive relief from the Dodd-Frank Act (Dodd-Frank) requirements related to swaps as a result of the delay in the adoption of final rules relating to derivatives.
The CFTC also proposed transition rules designed to provide additional time for compliance with the clearing and trade execution requirements established under Dodd-Frank.
The CFTC has adopted a new rule to implement a certification procedure for the offers or sales to persons located in the United States of a non-narrow-based security index futures contract traded on a foreign board of trade (Foreign Index Futures Contract).
The Commodities Futures Trading Commission (CFTC) has issued for comment a proposal for the phased implementation of the trading documentation and margin requirements for swaps under Dodd-Frank.
The CFTC and Securities and Exchange Commission (SEC) are conducting a joint study on swap regulation and clearinghouse regulation in the United States, Asia and Europe as required under Dodd-Frank.
A bipartisan group of Congressmen introduced a bill designed to “clarify that true derivatives end-users are exempt from the margin requirements” under Dodd-Frank.
In a comment letter to CFTC, the Federal Energy Regulatory Commission (FERC) has requested that the CFTC clearly set forth in final rulemaking that various power contracts, such as forward capacity sales contracts, are not derivatives subject to CFTC jurisdiction to avoid overlap between the jurisdiction of FERC and the CFTC.
The Commodity Futures Trading Commission (CFTC) will hold a public meeting on August 4, 2011, in Washington, D.C., to consider final rules under the Dodd-Frank Act (Dodd-Frank) addressing the following three topics: (i) agricultural swaps, (ii) registration standards, duties and core principles for swap data repositories, and (iii) implementation of whistleblower provisions under the Commodity Exchange Act.
The Commodities Futures Trading Commission (CFTC) has adopted a final rule regarding the process for the mandatory clearing of derivatives on clearinghouses. The rule establishes procedures for the review of swaps to determine which derivatives should be cleared on a clearinghouse.