Final Order Amending the Effective Date for Swap Regulation (Order)

76 FR XXXX

Federal Register: Effective Date for Swap Regulation

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. Specifically, it extends the potential latest expiration date of the July 14 Order from December 31, 2011 to July 16, 2012; and adds provisions to account for the repeal and replacement (as of December 31, 2011) of part 35 of the CFTC's regulations.

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

For more information about this document, you may contact one of the following Cadwalader attorneys: Steven D. Lofchie; Robert Zwirb

Cross References: Dodd-Frank Act Section 754; 17 CFR Parts 1 35; 76 FR 65999; 76 FR 42508.