Dodd-Frank Energy
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 counterparties generally and imposes additional requirements to their dealings with Special Entities (which include governmental entities, certain employee benefit plans under ERISA, and endowments). The rules prohibit certain... Read more →
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 →
CFTC Issues Final Rule on Real-Time Swap Price Reporting
Banking, Derivatives, Energy The CFTC has approved its final rule on real-time reporting of swaps. This rule is intended to provide swap transaction and pricing data to the public on a real-time basis so as... Read more →
CFTC Issues Final Rule on Swap Data Recordkeeping & Reporting
Banking, Derivatives, Energy The CFTC has approved its final rule on swap data recordkeeping and reporting, summarized below. RECORDKEEPING All persons transacting in swaps (as well as exchanges and clearing... Read more →
CFTC Issues Final Rule on Position Limits
Derivatives, Energy The CFTC, by a 3-2 vote, has approved its final rule on position limits under the Dodd-Frank Act. Although the text of the rule has not been released, the Commission’s... Read more →
CFTC: If Rule 10b-5 Works For the SEC, It Should Work For Us Too (And Maybe We’ll Win More Than One Case Every 35 Years)
Banking, Derivatives, Energy, Executive Compensation, Litigation The CFTC’s new anti-manipulation and anti-fraud rules are based on the SEC’s Rule 10b-5. One CFTC Commissioner believes the new rule will end the CFTC’s nearly unanimous... Read more →
CFTC Proposes to Postpone the Effective Date of Numerous Swap Trading Provisions
Banking, Derivatives, Energy The CFTC has proposed an order providing exemptive relief from various swap trading provisions of the Dodd-Frank Act that would otherwise go into effect on July 16, 2011 because... Read more →
CFTC Reopens and Extends Comment Periods for Numerous Swap Rulemakings
Banking, Derivatives, Energy Noting that its proposed rules now provide a “substantially complete mosaic” of the regulatory framework for swaps under the Dodd-Frank Act, the CFTC has reopened and extended... Read more →
CFTC Provides Guidance on Exclusion of Forward Contracts from Definition of “Swap”
Banking, Derivatives, Energy In its joint proposed rule and guidance on product definitions with the SEC, the CFTC has provided guidance on the exclusion of forward contracts (with respect to nonfinancial... Read more →
CFTC Proposes Capital Requirements for Swap Dealers and Major Swap Participants
Banking, Derivatives, Energy Complementing its recently proposed rules establishing margin requirements for swap dealers (SDs) and major swap participants (MSPs), the CFTC proposed rules regarding capital... Read more →