Designated Contract Markets
The Commodity Futures Trading Commission ("Commission" or "CFTC") adopted new and amended rules, guidance, and acceptable practices to implement certain statutory provisions enacted by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act"). The final rules, guidance and acceptable practices, which apply to the designation and operation of contract markets, implement the Dodd-Frank Act's new statutory framework that, among other things, amends section 5 of the Commodity Exchange Act ("the Act" or "CEA") concerning designation and operation of contract markets, and adds a new CEA section 2(h)(8) to mandate the listing, trading and execution of certain swaps on designated contract markets ("DCMs"). The proposed rules related to core principle 9 were not finalized in this release.
10/17/2012 DCMs must comply with the rules adopted in this release (except § 38.151(a)) by October 17, 2012.
2/19/2013 DCMs that obtained designation on, or prior to, the date of publication of the DCM final rule must comply with § 38.151(a) by February 19, 2013.