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External Meetings: Telephone Call From Mark Young of Skadden
III. Business Conduct Standards w/ Counterparties
On February 09, 2011, Mark Young of Skadden called and spoke to Phyllis Cela and Ted Kneller of the CFTC. ~~~Mr. Young identified two issues that he planned to address in meetings scheduled with CFTC staff on February 10: 1) CFTC’s proposed rules and possible intersections with the Department of Labor’s proposed rules on the term “fiduciary”; and 2) the application of the Special Entity provisions of the Dodd-Frank Act and CFTC’s proposed rules to ERISA pension plans.