CFTC To Give Certain Swap Dealers Regulatory Relief

Law360, New York (July 18, 2012, 3:53 PM EDT) -- The U.S. Commodity Futures Trading Commission will give swap dealers who are not members of clearinghouses extra time to comply with new Dodd-Frank rules that ramp up reporting requirements in an effort to reduce risk and increase transparency, the commission announced Wednesday.

The commission is responding to concerns that because the new reporting requirements went into effect July 2 but rules further defining the term “swap dealer” and requiring nonclearing member swap dealers to register with the National Futures Association don't go into effect until July...
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