EVENT: Commission Meetings Jul 10, 2012


Transcript

CFTC to Hold Open Meeting to Consider Final Rule on the Further Definition of the term “Swap,” Final Rule on the End-User Exception to Clearing, and Proposed Rule to Exempt from Clearing Certain Swaps by Cooperatives


The Commodity Futures Trading Commission (CFTC) will hold a public meeting to consider two Final Rules and a Proposed Rule:

    • Final Rule related to the Further Definition of “Swap,” “Security-Based Swap,” and “Security-Based Swap Agreement”; Mixed Swaps; Security-Based Swap Agreement Recordkeeping.

    • Final Rule related to the End-User Exception to the Clearing Requirement for Swaps.

    • Proposed Rule related to Clearing Exemption for Certain Swaps Entered into by Cooperatives.

When:

Tuesday, July 10, 2012, 9:30 a.m. (ET)

Where:

CFTC Headquarters Conference Center, 1155 21st, NW, Washington DC

Topic:

Open meeting to consider two final rules under the Dodd-Frank Act

Viewing/Listening Information:

 

Watch a webcast of the meeting at www.cftc.gov or call-in to a toll-free telephone line to connect to an audio feed. Call-in participants should be prepared to provide their first name, last name and affiliation. Conference call information is listed below:

 

US Toll-Free: 866-844-9416

International Toll: International Numbers

Participant Passcode/Pin: CFTC

This event is open to the public on a first-come, first-served basis.

View Archived Webcast

CFTC Press Release 6295-12

Sunshine Act Notice

Opening Statements

Opening Statement by Chairman Gary Gensler

Statement of Support on Further Definition of the term “Swap”

Statement of Support by Chairman Gary Gensler on Final Rule on End-User Exception to the Clearing Requirement for Swaps

Statement of Support by Chairman Gary Gensler on Proposed Exemption from the Clearing Requirement for Certain Swaps Executed by Cooperatives

Opening Statement of Commissioner Bart Chilton

Opening Statement of Commissioner Scott D. O’Malia

Opening Statement of Commissioner Mark P. Wetjen

Additional Documents

Fact Sheet: Proposed Rule to Exempt Certain Swaps Executed by Cooperatives from the Swap Clearing Requirement
Questions and Answers: Proposed Rule to Exempt Certain Swaps Executed by Cooperatives from the Swap Clearing Requirement

— Approved 5 – 0

Fact Sheet: Final Rule on End-User Exception to the Clearing Requirement for Swaps
Questions and Answers: End-User Exception to the Clearing Requirement for Swaps

— Approved 5 – 0

Fact Sheet: Final Rules and Interpretations i) Further Defining “Swap,” “Security-Based Swap,” and “Security-Based Swap Agreement”; ii) Regarding “Mixed Swaps”; and iii) Governing Books and Records for “Security-Based Swap Agreements”
Questions and Answers: Final Rules and Interpretations i) Further Defining “Swap,” “Security-Based Swap,” and “Security-Based Swap Agreement”; ii) Regarding “Mixed Swaps”; and iii) Governing Books and Records for “Security-Based Swap Agreements”

— Approved 4 – 1

Federal Register Releases:

77 FR 41940: 17 CFR Part 39 Clearing Exemption for Certain Swaps Entered into by Cooperatives

77 FR 42559: 17 CFR Part 39 End-User Exception to the Clearing Requirement for Swaps

77 FR 48207: 17 CFR Parts 230, 240 and 241 Further Definition of “Swap,” “Security-Based Swap,” and “Security-Based Swap Agreement”; Mixed Swaps; Security-Based Swap Agreement Recordkeeping


Last Updated: October 16, 2014