CFTC Clarifies Effective Date for Swaps Regulation Under the Dodd-Frank Act Order: Effective Date for Swap Regulation CFTC Press Release 6073-11 July 14, 2011 The CFTC issued an Order clarifying the effective date of the provisions in the swap regulatory regime established by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act") as the CFTC continues to implement rules to reduce risk and enhance transparency in the swap markets. The Order provides temporary relief from certain provisions that will become effective as of July 16, 2011, until the CFTC
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July 14, 2011 76 FR 41398 The CFTC is adopting final rules that broadly prohibit fraud and manipulation in connection with any swap, or contract of sale of any commodity in interstate commerce, or contract for future delivery on or subject to the rules of any registered entity. Cross References Dodd-Frank Act, Title VII, Sec. 753; 17 CFR Part 180
July 19, 2011 76 FR 42508 Pursuant to the Commission's exemptive authority pursuant to the Commodity Exchange Act, the CFTC is adopting certain temporary relief from the provisions of the CEA added or amended by title VII of the Dodd-Frank Act that reference one or more terms regarding entities or instruments that title VII requires be "further defined," such as the terms "swap," "swap dealer," "major swap participant," or "eligible contract participant," to the extent that requirements or portions of such provisions specifically relate to such referenced terms and do not require a rulemaking
Financial Services Authority July 14, 2011 In August 2010, the FSA published " The prudential regime for trading activities: a fundamental review". This presented a detailed discussion of the issues that the FSA believed should form part of the Fundamental Review which continues to be developed internationally by the Basel Committee on Banking Supervision (BCBS). The purpose of the paper was to stimulate debate, and to generate feedback that could inform the international discussions on the Fundamental Review at the BCBS through the FSA's involvement in that forum. The FSA received 13
July 15, 2011 This report updates on progress by the Financial Stability Board (FSB) Secretariat and International Monetary Fund (IMF) staff in implementing the 20 recommendations in the report The Financial Crisis and Information Gaps endorsed by the Group of Twenty (G-20) Finance Ministers and Central Bank Governors in November 2009. Since the last progress report a year ago, consultations with national authorities revealed broad agreement with, and a positive view of, the G-20 Data Gaps Initiative, with better identification of the build-up of risks in the financial sector and financial