Registration of Intermediaries
The Commodity Futures Trading Commission (Commission) is adopting regulations to further implement new statutory provisions enacted by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) regarding registration of intermediaries. Specifically, the Commission is adopting certain conforming amendments to the Commission's regulations regarding the registration of intermediaries, consistent with other Commission rulemakings issued pursuant to the Dodd-Frank Act, and other non- substantive, technical amendments to its regulations.
The Part 3 regulations only impact a firm once it initiates the registration process as required by other rules. The Division of Swap Dealer and Intermediary Oversight provided no-action relief that deferred compliance until March 31, 2013, for persons who are required to register as an AP of an FCM, IB, CPO, or CTA, where the requirement to be registered as such arises solely from the swaps activity of the person or from the person being involved with ICE/NYMEX Contracts, as discussed more fully in CFTC Staff Letter 12-69 .