NFA amended its Code of Arbitration and Member Arbitration Rules to increase filing and hearing fees and provide additional flexibility for certain administrative procedures.
News & Insights
The CFTC Division of Enforcement issued its first public Enforcement Manual to provide guidance for Division staff and those subject to Commodity Exchange Act and CFTC regulations.
The CFTC Market Risk Advisory Committee debated clearinghouse and vendor risk management issues and announced the appointment of members to the recently established Interest Rate Benchmark Reform Subcommittee.
A U.S. District Court ruled in favor of the Board of Trade of the City of Chicago, Inc. and Chicago Mercantile Exchange, Inc. from allegations that they conspired to stop the CFTC from approving the application of a competing exchange.
The CFTC Market Risk Advisory Committee addressed LIBOR reform initiatives and efforts to develop the Secured Overnight Financing Rate as a viable alternative rate.