Regulatory Alerts2012-05-16 | 2012-11838Second Amendment to July 14, 2011 Order for Swap Regulation
The Commodity Futures Trading Commission proposes amendments to its July 14, 2011 exemptive order to extend the temporary relief deadline to December 31, 2012, pending the finalization of Dodd-Frank Act swap regulations. The proposal removes outdated references to entity definitions now established by joint CFTC-SEC rules and permits the clearing of agricultural swaps on designated contract markets or swap execution facilities. Additionally, the Commission proposes to eliminate references to the expiring exempt commercial market and exempt board of trade grandfather relief provisions.
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