Regulatory Alerts2014-01-08 | 2014-00080Request for Comment on Application of Commission Regulations to Swaps Between Non-U.S. Swap Dealers and Non-U.S. Counterparties Involving Personnel or Agents of the Non-U.S. Swap Dealers Located in the United States
The Commodity Futures Trading Commission requests public comment on a November 2013 Staff Advisory regarding the applicability of transaction-level swap regulations to non-U.S. swap dealers using U.S.-based personnel or agents. The Commission seeks views on whether such "Covered Transactions" should trigger regulatory compliance, whether substituted compliance is appropriate, and how to define core front-office activities. This notice aims to inform the Commission's deliberations on cross-border regulatory policy and the potential adoption of the Staff Advisory as formal policy.
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