The article discusses that the definition of the term "U.S. person" is required to be cleared for the regulations to be followed under the Dodd-Frank Act. It describes that the requirements defined under the act applies to the trading between registered swap dealers and US persons. It ...
Today, the Commodity Futures Trading Commission (CFTC) will take yet another step down a misguided path that encroaches so far onto States’ rights that it makes a mockery of the Tenth Amendment. It pains me to say that despite the road here being paved with good intentions, today’s event...
Resource and process optimization:As we await the remaining banking agencies (i.e. the FRB, CFTC, and SEC) to approve the Proposed Rule, banking entities must understand where they fall within the scope of applicability and the requirements across the simplified and six-pillar compliance programs....
Jordan's Principle ensures that First Nations children can access the supports they need, when they need them. Despite the unanimous support of the House of Commons in 2007 for a broad definition of Jordan's Principle, the federal government went on to implement it in a manner so narrow ...
Definitionsofaswapdealer/major participants/financial counterparties Security-basedswapdealerandswapdealer(“swapdealer”or “SD”) •Holdsitselfoutasadealerinswaps,makesamarketinswaps, regularlyentersintoswapsasanordinarycourseofbusinessfor itsownaccount,orengagesinactivitycausingitselftobe ...
Changes from the proposed rating system: The proposal’s second-highest rating category was “Satisfactory.” The new definition removes the proposal’s requirement for remediation of issues within 18 months. Issues left unresolved within the 18-month period would have downgraded ...
philosophical definition, nor a serious legal argumentation. Pork belly, or Bitcoin… They have futures, so they should be commodities. Interestingly, the CFTC’s chairman who pulled data monies into the CFTC’s jurisdiction in 2015 argued in one of the best articles on cryptocurrency regulation ...
have been in force for many years.2In light of the preexisting regulation of SEFs by the CFTC, and to minimize additional compliance burdens for platforms that will be dually registered, the SEC attempted to align Regulation SE closely with the CFTC regulations governing SEFs and...