CFTC May Patrol Exempt Commercial Market Contracts

Law360, New York (April 20, 2010, 5:13 PM EDT) -- Signaling the U.S. Commodity Futures Trading Commission’s expanded regulatory reach, the agency is mulling whether certain derivative contracts traded on three major exempt commercial markets require extensive regulation as significant price discovery contracts.

The CFTC announced Monday that it will hold a public meeting April 27 to decide if the contracts offered on the IntercontinentalExchange Inc., the Natural Gas Exchange Inc. or the Chicago Climate Exchange Inc. perform “significant price discovery functions” and therefore fall under the agency’s regulatory authority.

The meeting indicates that the CFTC...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.