Dodd-Frank Act Update: Futures Trading Regulations

The Commodity Futures Trading Commission recently issued a final order providing temporary relief from Title VII provisions of the Dodd-Frank Act. For your reference, here’s a roundup of what lawyers on JD Supra are saying about the extended deadlines and other Dodd-Frank developments: 

CFTC Publishes Rule Proposals and Approves Final Rules Under Dodd-Frank (Katten Muchin Rosenman LLP):

“At a July 19 meeting, the Commodity Futures Trading Commission approved three final rulemakings and two rule proposals under the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act)…”. Read more»

CFTC Issues Final Order to Provide Temporary Relief from Provisions of the Dodd-Frank Act Slated to Become Effective on July 16, 2011 and Releases Agenda for Upcoming Meetings (Sutherland Asbill & Brennan LLP):

“On July 14, 2011, the Commodity Futures Trading Commission (CFTC) finalized its order providing temporary exemptive relief from certain provisions of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) that would otherwise take effect tomorrow (July 16, 2011). … According to the final order’s preamble and a press release issued by the CFTC, the final order is essentially the same as the corresponding proposed order originally published by the CFTC on June 17, 2011.” Read more»

CFTC Proposes Order Providing Exemptive Relief from Certain Dodd-Frank Provisions (Katten Muchin Rosenman LLP):

“The Commodity Futures Trading Commission has issued an Order, essentially in the form proposed, providing temporary relief from certain swap-related provisions of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act that would otherwise take effect on July 16. The Federal Register release accompanying the Order groups the provisions of Title VII as to which the CFTC has regulatory responsibility into four broad categories…” Read more»

CFTC Issues Final Rules Regarding Agricultural Commodity Definition and Large Trader Reporting for Physical Commodity Swaps (Dechert LLP):

“The Commodity Futures Trading Commission (“CFTC”) on July 7, 2011 held a public meeting to consider several final rules under the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”). The CFTC approved final regulations regarding (1) an “agricultural commodity” definition, and (2) large trader reporting for physical commodity swaps.” Read more»

CFTC Approves Final Rules under Dodd-Frank (Katten Muchin Rosenman LLP):

“At a July 7 meeting, the Commodity Futures Trading Commission approved five final rulemakings under the Dodd-Frank Wall Street Reform and Consumer Protection Act: (1) large trader reporting for physical commodity swaps; (2) anti-manipulation and anti-fraud requirements; (3) the definition of an “agricultural commodity;” (4) protection of consumer information under the Fair Credit Reporting Act; and (5) the scope of consumer privacy protections under the Gramm-Leach-Bliley Act.” Read more»

CFTC Publishes Request for Information in Connection with Review of CFTC Rules (Katten Muchin Rosenman LLP):

“In compliance with Executive Order 13563, “Improving Regulation and Regulatory Review,” the Commodity Futures Trading Commission has developed a Plan to review its existing regulations to evaluate their continued effectiveness in achieving the objectives for which they were adopted. Under the Plan, after the CFTC has substantially finished promulgating rules under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the CFTC intends to conduct reviews of those regulations not examined in connection with the Dodd-Frank Act, to determine whether any such regulations should be modified or repealed in order to make the CFTC’s regulatory program more effective and less burdensome. The CFTC has requested comments on the Plan by interested parties.” Read more»

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