Notice & Comment

Securities, Commodities, and Exchanges: CFTC Issues Proposed Rules on Derivatives, by Jonathan Rusch

On October 1, at a public meeting, the Commodity Futures Trading Commission (CFTC) announced a first series of proposed regulations pertaining to derivatives, pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act. One proposed rule would establish financial resources requirements for derivatives clearing organizations (DCOs) and systemically important DCOs (SIDCOs). The CFTC also proposed to mitigate potential conflicts of interest in the operation of a DCO, designated contract market (DCM), or a swap execution facility (SEF) through (1) structural governance requirements and (2) limits on ownership of voting equity and exercise of voting power.

This post was originally published on the legacy ABA Section of Administrative Law and Regulatory Practice Notice and Comment blog, which merged with the Yale Journal on Regulation Notice and Comment blog in 2015.

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