CFTC To Delay Reg Compliance For Some Swap Dealers

Law360, New York (July 13, 2012, 7:08 PM ET) -- The U.S. Commodity Futures Trading Commission said Thursday it wants to give a reprieve to non-U.S. swap dealers and non-U.S. major swap participants who must comply with new rules intended to reduce risk, increase transparency and promote market integrity.

The reprieve would become effective from the date upon which swap dealers and major swap participants first apply for registration and expire 12 months following the publication of the proposed order in the Federal Register, as long as they provide assurances they would not be in violation...
To view the full article, register now.