Tabs

Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
 
Qualified Mortgage - Qualified Residential Mortgage
Swaps
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Capital
Deposit Insurance
Interchange
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Preemption
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Appraisals
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Monday, December 17, 2012

CFTC Approves Final Rule Regarding Transaction Recordkeeping

The CFTC approved by a vote of 5 to 0 a final rule to enhance enforcement programs for the futures market. The rule amends CFTC regulations 1.35(a) and 1.31 to conform them to recordkeeping requirements for swap dealers and major swap participants under the Dodd-Frank Act.

Under the final rule, only oral communications that lead to a transaction in a commodity interest will have to be recorded, and oral communications are required only from certain market participants who are registered with the CFTC. The proposed rule would have required oral communication that lead to the execution of a transaction in a commodity interest or a cash commodity.

The final rule will be effective 60 days after publication in the Federal Register.

Read more.

No comments:

Post a Comment

Please read our comment policy before making a comment.