Governance Requirements for Derivatives Clearing Organizations, Designated Contract Markets, and Swap Execution Facilities; Additional Requirements Regarding the Mitigation of Conflicts of Interest

CFTC Dodd-Frank Rulemaking

The CFTC proposes certain substantive requirements on the resolution of conflicts of interest, in order to further implement core principles applicable to derivatives clearing organizations, designated contract markets, and swap execution facilities. Such substantive requirements address reporting, transparency in decision making, and limitations on use or disclosure of non-public information, among other things. For DCOs and DCMs, the Commission also proposes regulations to implement core principles concerning governance fitness standards and the composition of governing bodies. Finally, for publicly-traded DCMs, the Commission proposes regulations to implement the core principle on diversity of Boards of Directors.

Document Number

76 Fed. Reg. 722

Date

January 6, 2011

Cross References (links may require a Cabinet subscription)

Dodd-Frank Act, Title VII, Secs. 725(d) and 726

17 CFR Parts 1, 37, 38, 39, and 40