Extraterritorial derivatives guidance proposed by CFTC: More analysis required, impact unclear

July 2012

Overview

On June 29, 2012, the CFTC released its much anticipated proposed cross-border guidance to interpret when Dodd-Frank Act derivatives regulations reach beyond US shores. It also released a proposed exemptive order that would grant temporary relief from compliance dates for certain regulations.

Because ultimately each firm needs to do its own firm-specific analysis, this FS Regulatory Brief offers general observations for US and foreign swap dealers to consider. It also provides a table for assessing the projected regulatory impact on the particular entity or office engaged in swap activities.

To read this FS Regulatory Brief, please click here.

Contact us

Dan Ryan
Financial Services Advisory Leader
Tel: +1 (646) 471 8488
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Alison Gilmore
Asset and Wealth Management Marketing Leader
Tel: +1 (646) 471 0588
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