Registration of Swap Dealers and Major Swap Participants (Final Rules)

77 FR XXXX

The CFTC is issuing regulations which subject each person who meets the definition of an SD or MSP to the registration provisions under the CEA and to Part 3 of the Commission's regulations. Additionally, the Commission is issuing Regulation 170.16, which provides that each registered SD or MSP must become and remain a member of a registered futures association. The Commission is also adopting regulations that define an "associated person" of an SD or MSP as a natural person and that implement the prohibition on a Swaps Entity permitting an associated person who is statutorily disqualified from registration from effecting or being involved in effecting swaps on behalf of the Swaps Entity.

Cross References: Dodd-Frank Section 731; CEA Sections 4p, 4s, 8(a)(2) (3); 17 CFR Part 3, 23, and 170.