Process for Rule Certifications for Registered Entities (Part 40)

The Commodity Futures Trading Commission (Commission) adopted regulations to implement certain statutory provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Commission also is amended its existing regulations governing the submission of new products, rules, and rule amendments. The final regulations establish the procedural framework for the submission of new products, rules, and rule amendments by designated contract markets, derivatives clearing organizations, swap execution facilities, and swap data repositories. In addition, the final regulations prohibit event contracts involving certain excluded commodities, establish special submission procedures for certain rules proposed by systemically important derivatives clearing organizations, and stay the certifications and the approval review periods of novel derivative products pending jurisdictional determinations.