Lingering Questions On CFTC And SEC Swap Product Rule
November 8, 2012, 4:44 PM EST
Law360, New York (November 8, 2012, 4:44 PM EST) -- The energy industry was able to heave a collective sigh of relief based on the treatment of energy transactions under the so-called swap product rule jointly adopted on Aug. 13, 2012, by the U.S. Commodity Futures Trading Commission and the U.S. Securities and Exchange Commission and, in particular, the forward contract exclusion contained in the rule.
However, subsequent actions by the CFTC suggest that not all energy transactions are being treated appropriately in the views of some energy market participants — who note the potential for...
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