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       Posted on January 13th, 2013

Final Exemptive Order Regarding Compliance With Certain Swap Regulations – CFTC Final order

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 [...]


       Posted on January 10th, 2013

ISDA OTC Derivatives Market Analysis – Mid-Year 2012

ISDA produces its Market Analysis to correspond with the release of the Bank for International Settlement’s (BIS) semi-annual statistical release. The BIS’s most recent release covered the period ending June 30, 2012. Our report aims to integrate market data to show the impact of clearing, netting, compression and collateral on notional amounts and [...]


       Posted on January 8th, 2013

Adaptation of Regulations to Incorporate Swaps—Records of Transactions – CFTC Final Rules

The Dodd-Frank Wall Street Reform and Consumer Protection Act (‘‘Dodd-Frank Act’’ or ‘‘DFA’’) established a comprehensive new statutory framework for swaps and security-based swaps. The Dodd-Frank Act repeals some sections of the Commodity Exchange Act (‘‘CEA’’ or ‘‘Act’’), amends others, and adds a number of new provisions. The DFA also requires the Commodity [...]


       Posted on December 20th, 2012

Client assets regime: changes following EMIR – FSA Policy Statement

This Policy Statement (PS) summarises the feedback received to the Consultation Paper 12/22 Part I: Changes to CASS required by EMIR (CP12/22). It provides FSA response to this feedback and publishes final rules making the changes to the client assets sourcebook (CASS).

In this paper FSA only addresses EMIR to the extent [...]


       Posted on December 19th, 2012

Clearing Requirement Determination Under Section 2(h) of the CEA – CFTC Final Rule

The Commodity Futures Trading Commission (Commission or CFTC) is adopting regulations to establish a clearing requirement under new section 2(h)(1)(A) of the Commodity Exchange Act (CEA or Act), enacted under Title VII of the Dodd- Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The regulations require that certain classes of credit [...]


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