CFTC Press Release 6159-11 CFTC Commissioner Sommers issued a statement that in part stated: "if we find that customer property [that] was transferred to the parent company, we will do everything within our power to return it to its rightful owners." Additionally, with regard to customer concerns about the progress made on the analysis of MFGI's books and records, Commissioner Sommers stressed that transfers of customer funds out of the Section 4d segregated accounts have been identified, and subsequent transfers of those funds are currently being traced, but there is still a lot of work to do
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76 FR XXXX The CFTC issued a Final Order regarding the effective date for swap regulation that extends the potential latest expiration date of the exemptive relief to July 16, 2012. Previously, the CFTC on July 14, 2011 granted temporary exemptive relief from certain provisions of the CEA that otherwise would have taken effect on July 16, 2011, the general effective date of title VII of the Dodd-Frank Act. On October 25, 2011, the CFTC proposed to extend the exemptive relief beyond the December 31, 2011, expiration date. The Final Order extends the July 14 Order with certain modifications
Trustee's Memorandum Regarding Legal Principles and Framework for the Claims Process The Trustee's memorandum to the Bankruptcy Court discusses the determination and allocation of customer property for claims by MF Global's commodity customers. Cross References: CEA Section 4d; CFTC Rules 30.7 Part 190; Lofchie's Guide to CPO/CTA Regulation: Chapter 12, Insolvency.
Testimony by Commissioner Sommers CFTC Commissioner Sommers reviews the MF Global Bankruptcy, the legal and regulatory issues surrounding commodity broker insolvency and FCM investment of customer funds, and the CFTC's efforts to locate missing customer funds. Cross References: CEA Section 4d; CFTC Rules Part 190; Lofchie's Guide to CPO/CTA Regulation: Chapter 12, Insolvency.
76 FR 77670 The CFTC is issuing this interpretation of the term "actual delivery" as set forth in section 2(c)(2)(D)(ii)(III)(aa) of the CEA, which subjects "retail commodity transactions" (leveraged transactions involving commodities other than foreign currency where such transactions do not result in actual delivery within 28 days or create an enforceable obligation to deliver) to the CEA. The CFTC also seeks public comment on whether its interpretation of "actual delivery" accurately construes statutory language. Cross References: Dodd-Frank Section 742(a); CEA Section 2(c)(2)(D)(ii)(III)