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CFTC Dodd-Frank Rulemaking The CFTC proposes certain substantive requirements on the resolution of conflicts of interest, in order to further implement core principles applicable to derivatives clearing organizations, designated contract markets, and swap execution facilities. Such substantive requirements address reporting, transparency in decision making, and limitations on use or disclosure of non-public information, among other things. For DCOs and DCMs, the Commission also proposes regulations to implement core principles concerning governance fitness standards and the composition of

CFTC Dodd-Frank Rulemaking The CFTC is issuing proposed regulations to establish the regulatory standards for compliance with derivatives clearing organization (DCO) Core Principles C (Participant and Product Eligibility), D (Risk Management), E (Settlement Procedures), F (Treatment of Funds), G (Default Rules and Procedures), and I (System Safeguards). For DCOs that are designated by the Financial Stability Oversight Council as systemically important DCOs (SIDCOs), the Commission is proposing heightened standards in the area of system safeguards supporting business continuity and disaster

Comment Letter RIN 3038-AC98 March 21, 2011 MFA submitted a comment letter to the CFTC on its proposed rules on "Risk Management Requirements for Derivatives Clearing Organizations," With respect to the proposed Core Principle C rules, MFA supported the CFTC's mandate that DCO participation requirements be objective, risk-based, publicly disclosed and permit fair and open access. MFA requested that the CFTC require DCOs to provide highly standardized mechanisms for establishing connectivity with SEFs and any other permitted trading venues and mandate that the DCO keep the clearing acceptance

March 21, 2011 A proposal by the U.S. futures regulator to force clearinghouses to accept more members could inadvertently increase risk in the financial system, the body's British counterpart said on Monday. The CFTC proposed in December a measure that would prohibit clearinghouses from setting a minimum capital requirement above $50 million on those interested in becoming a member to clear swaps. In a rare comment letter to the CFTC, Britain's Financial Services Authority said those requirements may increase access, but "to impose them on clearing arrangements for products that have complex

CFTC Dodd-Frank Rulemaking 76 FR 16588 March 24, 2011 Closing Date: April 25, 2011 The text of proposed § 39.19(c)(1)(iv), which reads "End-of-day positions for each clearing member, by customer origin and house origin" should read, "End-of-day positions for each clearing member, by customer origin and house origin; and for customer origin, separately, the gross positions of each beneficial owner." Cross References Dodd-Frank Act, Title VII, Sec. 725(c)(2); CEA Sec. 5b(c)(2); 17 CFR Part 39