308 results found
Eversheds Sutherland (US) LLP | European Union | 1 Sep 2015
Coming soon - mandatory clearing of interest rate swaps under EMIR
On August 6, 2015, the European Commission (EC) adopted new rules that will require the clearing of certain over-the-counter (OTC) interest rate
Latham & Watkins LLP | USA | 7 Jun 2013
CFTC’s clearing deadline may loom for certain REITs
An important deadline from the Commodity Futures Trading Commission (CFTC) is approaching that may affect certain real estate investment trusts
Eversheds Sutherland (US) LLP | USA | 30 Nov 2012
CFTC issues first set of mandatory clearing determinations and time-limited no-action relief
On November 28, the Commodity Futures Trading Commission issued final clearing determinations with respect to four classes of interest rate swaps and two classes of credit default swaps.
Morrison & Foerster LLP | USA | 21 Oct 2011
Proposed regulations would expand and clarify what contracts qualify as NPCs for tax purposes
In response to the financial crisis, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd- Frank”) to, among other things, increase regulation of the capital markets.
Morrison & Foerster LLP | USA | 21 Sep 2011
IRS publishes proposed regulations on swaps and notional principal contracts
In response to the financial crisis, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) to, among other things, increase regulation of the capital markets.
Greenberg Traurig LLP | USA | 21 Sep 2011
Derivatives several important developments on this front
On September 15, 2011, the Internal Revenue Service released proposed regulations that update and refine existing regulations addressing the United States tax treatment of notional principal contracts (swaps) and providing coordination rules for the taxation of swaps with the rules applicable to regulated futures contracts.
McDermott Will & Emery | USA | 6 Jul 2011
IRS defends discretion to withhold Section 1256 exchange designation for ISOs
The IRS defended its decision not to designate independent system operators as qualified board or exchange (QBE) principally on the grounds that, as a matter of law, it is not required to designate any exchanges as QBEs under Category 3 of Section 1256 Contracts.
Proskauer Rose LLP | USA | 20 Apr 2011
Still waiting for new rules
The extensive rule making required by the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC) and other U.S. government agencies in order to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) continues at a rapid pace.
Drinker Biddle & Reath LLP | USA | 13 Oct 2010
House passes major reform of investment company taxation regime
The U.S. House of Representatives September 28, 2010, passed HR 4337, the Regulated Investment Company Modernization Act of 2010 (the Act), which, if enacted into law, would significantly change the taxation of regulated investment companies (RICs).