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CFTC - Final Rule on Registration of Intermediaries (Fed. Reg. Version)

The CFTC approved a final rule to conform the CFTC's existing intermediary registration rules to changes made to the CEA by the Dodd-Frank Act. In large part, these final regulations are based on the CFTC's proposed regulations regarding part 3 (Registration). The conforming amendments largely consist of adding references, where appropriate, to SDs, MSPs and swap execution facilities (SEFs). In addition, the adopted regulations contain modernizing and technical amendments to part 3 in anticipation of an influx of new registrants. Further, the adopted regulations clarify or update definitions, outdated cross-references to other regulations, and other typographical errors.

In response to the Proposal, the CFTC received four comments from FIA, NFA, Chris Barnard and Bill Nolan. The commenters generally supported the efforts to update and modernize part 3 consistent with the regulatory developments set forth in the Dodd-Frank Act.

Cross-Reference(s): CFTC Rule 3.10, 3.11, 3.12 and 3.21.

View Final Rule in full here (links externally to CFTC website).
Additional Materials: CFTC Press Release; CFTC Chairman Gary Gensler's Statement of Support; CFTC Commissioner Scott D. O'Malia's Statement of Dissent.

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