The IRS and the U.S. Treasury Department examined proposed regulations to the Internal Revenue Code that would recharacterize certain debt instruments issued to related parties as equity for U.S. federal income tax purposes.
The CFTC Market Risk Advisory Committee released the agenda for its June 27, 2016 public meeting on Central Counterparty regulation. The meeting will focus on what happens when a CCP defaults or becomes insolvent.
CFTC Commissioners addressed (i) proposed Regulation Automated Trading, (ii) swap data standardization and harmonization, and (iii) blockchain and distributed ledger technology in the derivatives market at a meeting of the Technology Advisory Committee.
On February 25, 2016, the CFTC's Energy and Environmental Markets Advisory Committee will hold a public meeting to discuss (i) the CFTC Proposed Order providing exemptive relief from CEA requirements for transactions administered by regional transmission organizations, and (ii) the Swap Dealer "De Minimis" exception.
The CFTC Energy and Environmental Markets Advisory Committee ("EEMAC") will meet on February 25, 2016 to consider a staff preliminary report regarding the swap dealer de minimis exception. EEMAC will also review a report summarizing 2015 proceedings and examine the CFTC's Proposed Order Exempting the Southwest Power Pool from Certain Provisions of the Commodity Exchange Act.