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CFTC Releases Updated Timeline for Dodd-Frank Rulemaking
Practical Law Legal Update 2-517-2354 (Approx. 2 pages)
CFTC Releases Updated Timeline for Dodd-Frank Rulemaking
by PLC Finance
| Published on 12 Jan 2012 • USA (National/Federal) |
The CFTC released an updated preliminary timeline for its swaps rulemaking under Dodd-Frank.
On January 11, 2012 the CFTC released a preliminary timeline for its Dodd-Frank rulemaking for the first quarter of 2012. The timeline includes plans to finalize certain key Dodd-Frank swaps rules, including:
- The Dodd-Frank definition of the term "swap dealer."
- The Dodd-Frank definition of the term "swap."
- The end user swap clearing exemption.
The CFTC's definition of "swap dealer" will determine which individual banks and financial institutions will be required to register as swap dealers, subjecting them to extensive CFTC oversight under Title VII of the Dodd-Frank Act.
For more information on key dates regarding CFTC rulemaking related to the Dodd-Frank Act, see Checklist, Dodd-Frank: Key Dates for Securitization, Swaps and Derivatives and Practice Note, Summary of the Dodd-Frank Act: Securitization.