76 FR XXXX The CFTC is issuing a further notice of proposed rulemaking that would establish a schedule to phase in compliance with previously proposed requirements, including the swap trading relationship documentation requirement and the margin requirements for uncleared swaps. This release is a continuation of those rulemakings. The proposed schedules would provide relief in the form of additional time for compliance with these requirements. Under the proposed schedules, a Swap Dealer or Major Swap Participant would be required comply with documentation requirements within 90, 180, or 270

Jobs on Main Street vs. Wall Street: The Choice Should Be Clear, Speech by CFTC Commissioner Scott O'Malia Before the 2011 Futures Industry Association Energy Forum, New York In a wide-ranging speech, CFTC Commissioner Scott O'Malia reviews the CFTC's implementation of Dodd-Frank mandates and criticizes the proposed definition of "swap dealer," arguing that "[o]ur swap dealer definition proposal needs work to narrow its scope to avoid capturing firms that had nothing to do with the financial meltdown, that would never rise to the level of "too big to fail" because they simply are not-nor were

"CAN THE CFTC SEE THE BIG PICTURE?" In a speech delivered before a gathering of ISDA members, CFTC Commissioner Scott O'Malia reviews the agency's implementation of Dodd-Frank mandates and highlights his concerns, including the lack of robust cost/benefit analysis in Dodd-Frank rulemaking.

Press Release PR 6111-11 The CFTC will not hold a meeting on September 22, 2011 that was scheduled for Dodd-Frank rulemaking purposes.

MSRB Notice No. 2011-51 September 12, 2011 The MSRB withdrew its rulemaking proposals relating to the operation of "municipal advisors," a new type of entity created under Dodd-Frank. The MSRB stated that the proposals will be withheld until the SEC adopts final rules defining the term "municipal advisor." The relevant provision of Dodd-Frank and the SEC proposed implementing rules have each came under significant scrutiny from industry commenters and members of Congress from both political parties. For more information about this document, you may contact one of the following Cadwalader