Search results

The U.S. Securities and Exchange Commission ("SEC") has published for public comment proposed rules regarding the application of U.S. laws and regulations to cross-border securities-based swaps.  The proposal includes a substituted compliance framework...

Counterparties to inter-affiliate swaps may now qualify for recently issued regulatory relief from mandatory clearing or reporting requirements. On April 1, 2013, the US Commodity Futures Trading Commission ("CFTC") approved Regulation 50.52, which...

International regulators have now published a ‘near-final’ policy framework setting minimum standards for margin requirements for uncleared derivatives. “Margin requirements for non-centrally cleared derivatives - Second consultative document”...

On December 18, 2012, the US Commodity Futures Trading Commission (the "CFTC") issued interim final rules which extend the compliance deadlines for certain business conduct and documentation requirements for swap dealers ("SDs") and major...

On December 7, 2012, the US Commodity Futures Trading Commission's Division of Market Oversight (the "CFTC") issued a time-limited, no-action letter relating to certain Dodd-Frank reporting requirements.  Under CFTC regulations, swap dealers...

On December 7, 2012, the Division of Swap Dealer and Intermediary Oversight (the "Division") of the U.S. Commodity Futures Trading Commission (the "CFTC") issued a letter incrementally expanding the types of securitization vehicles that are...

The Commodity Futures Trading Commission's ("CFTC") Division of Swap Dealer and Intermediary Oversight has issued a no-action letter that exempts an operator of a mortgage REIT ("mREIT") that satisfies certain specified criteria from the requirements applicable...

The CFTC, the SEC and prudential regulators in the United States have made significant progress on the detailed rules to implement the swap market reforms contained in the Dodd-Frank Wall Street Reform and Consumer Protection Act. The principal changes are in...

The Secretary of the Treasury (the "Secretary") has issued a final determination (the "Determination") under the Commodity Exchange Act (the "CEA") that excludes foreign exchange swaps and foreign exchange forwards ("FX Transactions")...

The Commodity Futures Trading Commission's ("CFTC") Division of Swap Dealer and Intermediary Oversight has issued interpretive relief that excludes any equity REIT that satisfies certain specified criteria from the definition of "commodity...