In the November 2011 issue of Futures Industry, we discussed the significant uncertainty around the timing of Dodd-Frank swap market reforms and the problems that this uncertainty raised ...
Yesterday late afternoon the Financial Stability Oversight Council (the “Council”) proposed rules that would set procedures for the Council’s hearings on proposed determinations tha...
On May 18, 2012, the Commodity Futures Trading Commission, by seriatim vote, proposed rules (the “Proposal”) to provide additional exemptions, and to clarify several existing exemptio...
In a speech today at the 2012 FINRA Annual Conference, CFTC Chairman Gary Gensler provided a preview of the CFTC’s much anticipated guidance regarding cross-border application of Title ...
The Securities and Exchange Commission has approved the Municipal Securities Rulemaking Board’s Interpretive Notice concerning the application of MSRB’s fair dealing rules – MSRB Ru...
On May 3, 2012, the SEC reopened the comment period on a long-dormant proposal to amend the financial responsibility rules for broker-dealers. Proposed in March 2007 but never acted on by...
On April 18, 2012, the CFTC and SEC adopted final rules to further define the terms “swap dealer,” “security-based swap dealer,” “major swap participant,” “major security-ba...
Title VII of the Dodd-Frank Act provides the CFTC with jurisdiction over “swaps” and the SEC with jurisdiction over “security-based swaps.” “Swap dealers” and “major swap pa...
In this Report:
As of May 1, 2012, a total of 221 Dodd-Frank rulemaking requirement deadlines have passed. Of these 221 passed deadlines, 148 (67%) have been missed and 73 (33%) have b...
Today, the SEC issued an order temporarily exempting broker-dealers from the recordkeeping, reporting, and monitoring requirements of its large trader reporting rule (Rule 13h-1) that are...
