CFTC Dodd-Frank Rulemaking Final Order - Effective Date for Swap Regulation

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. The CFTC is also granting temporary relief from certain provisions of the CEA that will or may apply to certain agreements, contracts, and transactions in exempt or excluded commodities as a result of the repeal of various CEA exemptions and exclusions as of the general effective date set forth in section 754 of the Dodd-Frank Act, July 16, 2011.

Effective Date: Thursday, July 14, 2011 as specified in the Order.

• Analysis by Cadwalader: Lofchie, Two Dodd-Frank Problems: the Effective Date and the Definitions Contingency Planning in the Absence of a Regulatory Structure Download

Cross References

Dodd-Frank Act, Title VII, Sec. 754; 17 CFR Chapter 1