CFTC

The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) continue to issue regulations implementing the OTC derivatives provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). In a Q&A, Robin Powers of the Rimon Law Group discusses Title VII of Dodd-Frank and its impact on margin/collateral posed by End-Users. 

The Commodity Futures Trading Commission and the Securities and Exchange Commission delivered to Congress a report on international swap regulation, as required by Section 719(c) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The provision requires the Commissions to report on how swaps are regulated in the United States, Asia, and Europe and to identify areas of regulation that are similar and other areas of regulation that could be harmonized.

CFTC did not find any material breaches of customer funds protection requirements during the spot check

Rules

Final Rule on the Protection of Cleared Swaps Customer Contracts and Collateral and Conforming Amendments to the Commodity Broker Bankruptcy Provisions

Fact Sheet 

Final Rules Regarding Business Conduct Standards for Swap Dealers and Major Swap Participants Dealing with Counterparties

SIFMA today released the following statement from Tim Ryan, president and ceo after the Commodity Futures Trading Commission's adoption of a proposal implementing the Volcker Rule.  

Commodity Futures Trading Commission (CFTC) chairman Gary Gensler today announced that Vincente Martinez has been hired as the first director of the CFTC’s recently opened Whistleblower Office.

“The CFTC’s Whistleblower Office, which the agency implemented under the Dodd-Frank Act, provides the public an avenue to help catch misconduct in the markets and improve the CFTC’s ability to be an effective cop on the beat,” Chairman Gensler said. “With Vincente’s valuable experience, the CFTC has a very capable hand leading this important office.”

The Commodity Futures Trading Commission (CFTC) will hold a public meeting on Wednesday, January 11, 2012, at 9:30 a.m., on the following topics:

◦ Final Rule: Registration of Swap Dealers and Major Swap Participants;

◦ Final Rule: Protection of Cleared Swaps Customer Contracts and Collateral: Conforming Amendments to the Commodity Broker Bankruptcy Provisions;