CFTC Announces That Real-Time Public Reporting of Swap Transactions and Swap Dealer Registration Began December 31, 2012

The CFTC announced that real-time public reporting of certain swap transactions and swap dealer registration began on December 31, 2012. #8220;Two of the most significant Dodd-Frank reforms began implementation this week,#8221; said Chairman Gary Gensler. #8220;With these historic reforms, the public, for the first time, can see the price and volume of swap transactions, just as it has benefited from transparency for decades in the securities and futures markets. The public also will benefit as swap dealers now will be subject to common-sense standards for sales practices, recordkeeping and business conduct rules that will help lower risk to the rest of the economy.#8221;

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