Extraterritorial derivatives guidance proposed by CFTC: More analysis required, impact unclear
July 2012
At a glance
July 2012 - 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.
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.Related reading:
- Final Swap Dealer and MSP Definitions: To Register or Not to Register - Closer to an Answer – April 2012
- FS Regulatory Brief: Swap Data Reporting: Ready to Deliver? - March 2012
- FS Regulatory Brief: Final CFTC Rules Addressing Swap Dealer - MSP Registration and Business Conduct - January 2012
- The Road to Swap Dealer Registration: Preparing for Swap Dealer Registration Under the Dodd-Frank Act of 2010 - January 2012
- A Closer Look: Derivatives Regulation and Changing Market Infrastructure for Nonfinancial Companies - July 2011
- A Closer Look: Impact On Swap Data Reporting - June 2011
- A Closer Look: Impact on Swap Dealers and major Swap Participants – How they will be defined and regulated - January 2011
- Dan Ryan
- FS Regulatory Practice Chairman
- Tel: +1 (646) 471 8488
- Alison Gilmore
- FS Regulatory Practice Marketing Leader
- Tel: +1 (646) 471 0588