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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 Stinson Leonard Street, is dedicated to making sense of this complex legislation and helping businesses understand how it will affect them specifically. Our Bloggers »

Dodd-Frank

Treasury Issues Foreign Currency Swap and Forward Exemption

by Steve Quinlivan   |   November 21, 2012

The Commodity Exchange Act, or CEA, as amended by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, authorizes the Secretary of the Treasury to issue a written determination that foreign exchange swaps, foreign exchange forwards, or both, should not be regulated as swaps under the CEA. The Treasury Secretary has issued a determination that exempts both foreign exchange swaps and foreign exchange forwards from the definition of ‘‘swap,’’ in accordance with the applicable provisions of the CEA.

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