Leonard Street and Deinard Dodd Frank

MAKING SENSE OF DODD-FRANK

The Dodd-Frank Act has broad and deep implications that will touch every corner of financial services and multiple other industries. This site, developed and maintained by attorneys at Leonard, Street and Deinard, is dedicated to making sense of this complex legislation and helping businesses understand how it will affect them specifically. Our Bloggers »

Dodd-Frank Derivatives

CFTC Announces Proposed Rulemaking Schedule

CFTC logo4

Derivatives The CFTC has announced a proposed rulemaking schedule.  Some of the highlights include: The end-user exemption and other matters related to mandatory clearing are scheduled for June 2012 A proposed response to the MF Global collapse related to segregation and bankruptcy is scheduled for Fall 2012 Final rules for margin and capital for non-banks is [...] Read more →

by   |   May 10, 2012

Endrud.Nate.web

CFTC and SEC Approve Final Rule Defining “Swap Dealer”

Banking, Derivatives, Energy By a 4-1 vote today, the CFTC approved release of a rule defining the terms “swap dealer” (“SD”), “major swap participant” (“MSP”), and eligible contract... Read more →

by   |   April 18, 2012

accountant2

SEC Staff Analysis of Market Data Related to Credit Default Swap Transactions

Derivatives The SEC staff has made available an analysis of market data related to credit default swap transactions.  The analysis, which was conducted by the staff of the SEC’s Division... Read more →

by   |   March 16, 2012

CFTC logo4

Meet Your Swap Dealer

Derivatives The CFTC has adopted final rules regarding business conduct standards for swap dealers.  The rules are expected to have far reaching impacts on the way corporate counterparties... Read more →

by   |   March 2, 2012

CFTC logo4

CFTC Issues Final Internal Business Conduct Rules for Swap Dealers—Commissioners O’Malia and Sommers Are Not Impressed

Banking, Derivatives, Energy The CFTC approved four final rules (the “Internal Business Conduct Rules”) affecting duties of swap dealers (“SDs”) and major swap participants (“MSPs”) today, with... Read more →

by   |   February 23, 2012

CFTC logo4

CFTC Eliminates Key Exemption From Registration as a Commodity Pool Operator

Derivatives, Investment Advisers The CFTC has eliminated the exemption from registration as a commodity pool operator, or CPO, set forth in CFTC Rule 4.13(a)(4).  The Rule provided an exemption from CPO... Read more →

by   |   February 13, 2012

CFTC logo4

Plaintiffs Challenging CFTC Position Limits Dealt Set Back

Derivatives, Litigation As we noted, the International Swaps and Derivatives Association, Inc., or ISDA, and the Securities Industry and Financial Markets Association, or SIFMA, filed a legal challenge... Read more →

by   |   January 24, 2012

OLYMPUS DIGITAL CAMERA

CFTC Approves Final Rules Regarding Business Conduct Standards for Swap Dealers and Major Swap Participants

Banking, Derivatives, Energy The CFTC has approved its final rules regarding business conduct standards for swap dealers (“SDs”) and major swap participants (“MSPs”), which governs their dealings with... Read more →

by   |   January 12, 2012

CFTC logo4

CFTC Approves Final Regulations Regarding Registration of Swap Dealers and Major Swap Participants

Banking, Derivatives, Energy The CFTC has approved final regulations establishing a registration process for swap dealers (“SDs”) and major swap participants (“MSPs”), although the rule defining the... Read more →

by   |   January 11, 2012

CFTC logo4

CFTC Volker Rule Proposal is a Rube Goldberg Contraption

Banking, Derivatives The Commodity Futures Trading Commission, or CFTC, has proposed rules implementing the so-called “Volcker Rule” requirements of Section 619 of the Dodd-Frank Wall Street... Read more →

by   |   January 11, 2012