CFTC Eases Cross-Border Swaps Rule As It Girds For Fight

Law360, New York (January 03, 2014, 5:59 PM ET) -- Amid an ongoing lawsuit over its cross-border swaps regulations, the U.S. Commodity Futures Trading Commission on Friday eased its cross-border swaps rule and gave foreign firms more time to come into compliance with those standards, as it also prepared to defend its November guidance.

The CFTC said that it would not take enforcement actions against non-U.S. swaps dealers who do not comply with transaction reporting requirements that were originally required in a Nov. 14 guidance on cross-border swaps trading enforcement. Such firms will have until September...
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Case Title

SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION et al v. COMMODITIES FUTURE TRADING COMMISSION


Case Number

1:13-cv-01916

Court

District Of Columbia

Nature of Suit

Other Statutory Actions

Judge

Paul L. Friedman

Date Filed

December 3, 2013

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