Core Principles and Other Requirements for Designated Contract Markets; Final Rule (CFTC)

See: 77 FR 36611

The final rules, guidance and acceptable practices, which apply to the designation and operation of contract markets, implement the Dodd-Frank Act's new statutory framework that, among other things, amends section 5 of the CEA concerning designation and operation of contract markets, and adds a new CEA section 2(h)(8) to mandate the listing, trading and execution of certain swaps on designated contract markets ("DCMs").

Effective Date: August 20, 2012

Compliance Date: The compliance date for contract markets that have obtained designation on, or prior to, the date of publication of this release: Designated contract markets must comply with the rules adopted in this release (except § 38.151(a)) by October 17, 2012; and must comply with § 38.151(a) in accordance with the timeline described in SUPPLEMENTARY INFORMATION.

Cross References: 75 FR 80572 (Parts 1, 16, and 38, proposing release and extension of comment period); 76 FR 14825 (Parts 1, 16, and 38, proposing release); CFTC Rules 1.52 and 16.01; CFTC Rules Part 38; Proposed CFTC Rules page.

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