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April 03, 2015

In a blog post titled, "BATS in the OCC's Belfry? or The Perils of Natural Monopoly Regulation, CCP Edition," University of Houston finance professor Craig Pirrong discussed the dispute surrounding the Options Clearing Corporation ("OCC") new capital plan. Pirrong states that BATS, other non-owner exchanges and market users are concerned that the capital plan "allows OCC's owners to 'monetize' the rents accruing to its status as the monopoly clearer for options transactions in the U.S." He explained that non-owner exchanges and market users believe that OCC will pay for dividends received from

July 25, 2011

SEC Release No. 34-64926 July 20, 2011 The SEC and CFTC published a request for public comment on a study, required by the Dodd-Frank Act, on international swap regulation. The intent of the study is to identify "areas of [swap] regulation that are similar and other areas of regulation that could be harmonized" between the U.S. and other countries. Section 719(c) of Dodd-Frank requires the SEC and CFTC to publish the report to Congress by January 2012; public submissions for the study are due 60 days from the date the notice is published in the Federal Register. On a related matter, the SEC

April 09, 2013

This document corrects a compliance date which appears in the preamble to a notice of final rulemaking published in the Federal Register of December 21, 2012 (77 FR 75523) regarding the Adaptation of Regulations to Incorporate Swaps - Records of Transactions. Date: This correction to the preamble is effective April 9, 2013. View Final Rule Correction in full here (links externally to CFTC website).See also: 77 FR 75523 (Fed. Reg. Version).

May 11, 2012

On Thursday the CFTC held a public meeting to consider a final rule on core principles and other requirements for designated contract markets and a proposed order amending the effective date for swap regulation. Statements: Statement on the Proposed Exemptive Order Regarding Certain Dodd-Frank Effective Dates (Commissioner Gary Gensler) Concurrence Statement on the Amendment to the July 17, 2011 Exemptive Order (Commissioner Scott O'Malia) The Draft CFTC 2012 Rulemaking Schedule (Commissioner Scott O'Malia) “Lettuce Produce” (Commissioner Bart Chilton) To view additional materials from this