Dodd-Frank.com

CFTC Proposes Rule on Protection of Collateral of Counterparties to Uncleared Swaps

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The CFTC has issued a proposed rule concerning the rights of counterparties of swap dealers (“SDs”) and major swap participants (“MSPs”) with respect to the segregation of collateral supplied for margining, guaranteeing, or securing uncleared swaps. Under the proposed rule: – An SD or MSP must notify each counterparty at... Read More

Topics: Banking, Derivatives, Energy, Insurance, Uncategorized

Say-on-Pay Issues — What to Expect this Month from the SEC

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The SEC has announced that it expects to issue proposed rules on say-on-pay during October 2010.  This rulemaking is important for public companies because Dodd-Frank mandates that all proxy statements for the first annual shareholders meeting held after January 21, 2011 include a say-on-pay proposal. The SEC has been soliciting... Read More

Topics: Executive Compensation, Public Companies and Securities, Uncategorized

CFTC Adopts Interim Final Rule on Reporting of Pre-Enactment Swaps

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Beating the deadline (October 20, 2010) for the first of its required Dodd-Frank rulemakings by more than two weeks, the CFTC has announced publication of its required interim final rule for the reporting of pre-enactment swap transactions. The basic requirements of the reporting rule are outlined below. What Counterparties are... Read More

Topics: Banking, Derivatives, Energy, Insurance, Uncategorized

Consumer Financial Protection Bureau Gets Underway

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Pursuant to the Consumer Financial Protection Act of 2010 (“CFP Act”), which is part of the Dodd-Frank Act, the Secretary of the Treasury has designated July 21, 2011, as the date for the transfer of functions to the Bureau of Consumer Financial Protection (“CFPB”).  On this “designated transfer date,” certain... Read More

Topics: Uncategorized

SEC Rulemaking Schedule Addresses Derivatives Trading

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The SEC’s recently released rulemaking schedule for implementation of the Dodd-Frank Act includes a schedule for implementing the derivatives trading provisions of the Act. Generally speaking, the agency plans to propose derivatives trading rules during the period from October to December 2010, including rules to address the following: – Definitions... Read More

Topics: Banking, Derivatives, Energy, Insurance, Uncategorized