Dual and Multiple Associations of Persons Associated With SDs, MSPs, and Other Commission Registrants

Dual and Multiple Associations of Persons Associated With SDs, MSPs, and Other Commission Registrants

The Commodity Futures Trading Commission (Commission or CFTC) is adopting regulations to make clear that each swap dealer (SD), major swap participant (MSP), and other Commission registrant with whom an associated person (AP) is associated is required to supervise the AP and is jointly and severally responsible for the activities of the AP with respect to customers common to it and any other SD, MSP or other Commission registrant.

Clearing Exemption for Swaps Between Certain Affiliated Entities

Clearing Exemption for Swaps Between Certain Affiliated Entities

The Commodity Futures Trading Commission adopted regulations to exempt swaps between certain affiliated entities within a corporate group from the clearing requirement under the Commodity Exchange Act, enacted by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The regulations include specific conditions, as well as reporting requirements, that affiliated entities must satisfy in order to elect the inter-affiliate exemption from required clearing.

Clearing Exemption for Certain Swaps Entered Into by Cooperatives

Clearing Exemption for Certain Swaps Entered Into by Cooperatives

The Commodity Futures Trading Commission (``CFTC'' or ``Commission'') is adopting final regulations pursuant to its authority under section 4(c) of the Commodity Exchange Act (``CEA'') allowing cooperatives meeting certain conditions to elect not to submit for clearing certain swaps that such cooperatives would otherwise be required to submit for clearing in accordance with section 2(h)(1) of the CEA.

Anti-Manipulation

Anti-Manipulation

The Commodity Futures Trading Commission (Commission) adopted final rules pursuant to section 753 of the Dodd-Frank Wall Street Reform and Consumer Protection Act to implement amended subsections (c)(1) and (c)(3) of section 6 of the Commodity Exchange Act. These rules broadly prohibit fraud and manipulation in connection with any swap, or contract of sale of any commodity in interstate commerce, or contract for future delivery on or subject to the rules of any registered entity.

Agricultural Swaps

Agricultural Swaps

The Commodity Futures Trading Commission (Commission) finalized rules to implement new statutory provisions enacted by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act"). The Dodd-Frank Act provides that swaps in an agricultural commodity (as defined by the Commission) are prohibited unless entered into pursuant to a rule, regulation or order of the Commission adopted pursuant to certain provisions of the Commodity Exchange Act (CEA ).

Agricultural Commodity Definition

Agricultural Commodity Definition

The Commodity Futures Trading Commission (Commission) adopted rules to implement new statutory provisions enacted by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The Dodd-Frank Act, which amends the Commodity Exchange Act (CEA), includes provisions applicable to "a swap in an agricultural commodity (as defined by the [CFTC])." This release defined that term for purposes of the CEA or CFTC regulations.

Final Exemptive Order Regarding Compliance With Certain Swap Regulations

Final Exemptive Order Regarding Compliance With Certain Swap Regulations

On July 12, 2012, the Commodity Futures Trading Commission (``Commission'' or ``CFTC'') published for public comment, pursuant to section 4(c) of the Commodity Exchange Act (``CEA''), a proposed order (``Proposed Order'') that would grant market participants temporary conditional relief from certain provisions of the CEA, as amended by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (``Dodd-Frank Act'' or ``Dodd-Frank''), and the Commission also published its proposed interpretive guidance and policy statement (``Proposed Guidance'') regarding the cross-border app

External Business Conduct Standards

External Business Conduct Standards

The Commodity Futures Trading Commission (Commission) adopted final rules to implement Section 4s(h) of the Commodity Exchange Act pursuant to Section 731 of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. These rules prescribe external business conduct standards for swap dealers and major swap participants.