Participants discussed End-User exception as it relates to the Dodd-Frank act.

Participants discussed Business Conduct Standards in conjunction with conflicts of interest policies and procedures by swap dealers and major swap participants, conflicts of interest policies and procedures by Futures Commission Merchants and Introducing Brokers and Chief Compliance Officer.  In addition participants discussed, Designation of a Chief Compliance Officer; Required Compliance Policies; and Annual Report of a Futures Commission Merchant, Swap Dealer, or Major Swap Participant,

Participants discussed the "available to trade" requirement.

Participants discussed the definition of a swap dealer as it relates to the Dodd-Frank Act.

Participants discussed the uses of and regulatory regimes applicable to non-admitted insurance.

Participants discussed changes to Commission Rules 4.5, 4.13, and 4.14

Partcipants discussed SEF compliance issues.

Participants discussed the definition of swap dealer, issues related to forward contracts used by gas companies, position limit and reporting issues.

Participants discussed SEF registration.

Participants discussed product defintions, the end user exemption, and the sychronization of the two final rules on recordkeeping and reporting.