The CFTC and French financial regulators have signed a Memorandum of Understanding aimed at facilitating cooperation and the exchange of information related to supervising covered institutions that operate on a cross-border basis in the United States and France.
News & Insights
The CFTC set a comment deadline of December 11, 2023 for a proposal that would (i) raise the amount of money required to invest in funds under certain CFTC Rule exemptions with respect to offerings to "qualified eligible persons" and (ii) increase the disclosure requirements applicable to such funds.
The CFTC proposed raising the amount of money required to invest in funds under CFTC Rule 4.7 ("Exemption from certain part 4 requirements for commodity pool operators with respect to offerings to qualified eligible persons") and increasing the disclosure requirements applicable to such funds.
The CFTC set a comment deadline of August 28, 2023 on an application submitted by the Institute of International Bankers, ISDA and SIFMA to determine whether German and French capital and financial reporting requirements are comparable to the CFTC’s requirements for swap dealers.
The CFTC requested comment on an application submitted by the Institute of International Bankers, ISDA and SIFMA to determine whether German and French capital and financial reporting requirements are comparable to the CFTC’s requirements for swap dealers.