CFTC Dodd-Frank Rulemaking The CFTC announced that it will hold a public meeting on January 13, 2011 to consider the issuance of proposed rulemakings under the Dodd-Frank Wall Street Reform and Consumer Protection Act. No agenda items were provided. Date January 4, 2011 Cross References (links require a Cabinet subscription) Dodd-Frank Act, Title VII

News Article CFTC Commissioner Scott O'Malia stated that the agency needs to consider a "Plan B" on how it will police the $600 trillion swaps market if Congress fails to deliver a 50 percent increase in its budget. "We may not get more dollars, so what are we going to do next? What's our Plan B?" said Scott O'Malia, a Republican commissioner on the CFTC, in an interview with Reuters. O'Malia also expressed support for an extension of the deadlines imposed by Dodd-Frank and expressed skepticism that the agency will define "disruptive practices" prohibited by that Act with any degree of

CFTC Final Rule The CFTC is issuing an Order exempting the trading of the following products on national securities exchanges, and the clearing of all such products through the Options Clearing Corporation in its capacity as a registered securities clearing agency, from the provisions of the CEA and the regulations thereunder, to the extent necessary to permit such products to be so traded and cleared: (a) Options on the GVZ Index; (b) Options on any index that measures the volatility (historical or expected) of the price(s) of shares of one or more gold ETFs; and (c) Options on any index that

CFTC ICE Trust Letter of Withdrawal of Application Pursuant to Commission Regulation 39.3(c), ICE Trust U.S. LLC withdrew its application for registration as a derivatives clearing organization on December 23, 2010. ICE Trust U.S. LLC submitted its application on November 12, 2010. Document Number PR 5959-10 Date December 28, 2010 Cross References (links require a Cabinet subscription) 17 C.F.R. 39.3(c)

Commentary Arguing that the American public is "furious at the banks, whose recklessness has led to crisis and recession - and high unemployment," the NY Times editorializes against the new Republican House's efforts to derail the SEC and CFTC's implementation of Dodd-Frank. The NY Times opines: "To their credit, regulatory agencies have begun that process with a sense of mission and depth of expertise that was missing in the years before the financial crisis. In particular, the Securities and Exchange Commission and the Commodity Futures Trading Commission - which share the all-important