Law360, New York (September 10, 2012, 6:22 PM EDT) -- The U.S. Commodity Futures Trading Commission issued final rules Monday mandating new record-keeping and registration requirements for participants in the $700 trillion over-the-counter derivatives market, loosening some requirements to relieve industry concerns over the disclosure of proprietary information and costs of compliance.
The issuance finalizes rules adopted in a 5-0 CFTC vote last month. The new rules require swap dealers and major swap participants to record and maintain information on the confirmation, processing, netting, documentation and valuation of all swap transactions.
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