Regulation Map

The Securities and Exchange Commission today voted to adopt two sets of new rules designed to help revitalize the important asset-backed securities (ABS) market by encouraging better disclosure for investors.

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;

Leaders and senior representatives of the authorities responsible for the regulation of the over-the-counter (OTC) derivatives markets in Canada, the European Union, Hong Kong, Japan, Singapore and the United States met yesterday in Paris.

The Commodity Futures Trading Commission (CFTC) today issued an Order clarifying the effective date of the provisions in the swap regulatory regime established by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) as the CFTC continues to implement rules to reduce risk and enhance transparency in the swap markets. The Order provides temporary relief from certain provisions that will become effective as of July 16, 2011, until the CFTC completes the rulemakings specified in the Order.

The Securities and Exchange Commission today proposed rules that would provide certain clearing agencies with exemptions from the registration requirements of the Securities Act of 1933 and the Securities Exchange Act of 1934 for security-based swaps that they issue.

The Securities and Exchange Commission today said it is taking a series of actions in the coming weeks to clarify the requirements that will apply to security-based swap transactions as of July 16 – the effective date of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act – and to provide appropriate temporary relief.

The staffs of the Securities and Exchange Commission and the Commodity Futures Trading Commission (CFTC) today announced a joint public roundtable discussion to be held on June 16 to discuss proposed definitions required under Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The Commodity Futures Trading Commission (CFTC) will hold a public meeting on Tuesday, June 14, 2011, at 9:30 a.m. to consider effective dates of provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Commission may also consider and vote on dates and times for future meetings. Agendas for each scheduled meeting will be made available to the public and posted on the Commission’s website at www.cftc.gov at least seven (7) days prior to the meeting.

The Securities and Exchange Commission today published on its website a request for public comment on the feasibility of a system in which a public or private utility or a self-regulatory organization would assign a nationally recognized statistical rating organization (NRSRO) to determine credit ratings for structured finance products. The Dodd-Frank Wall Street Reform and Consumer Protection Act mandated that the SEC study assigned ratings as part of a broader examination of credit ratings.

New Subcommittee on Data Standardization is Seeking Nominations for Members