Regulatory Alerts2015-03-10 | 2015-05413Initial Response to District Court Remand Order in Securities Industry and Financial Markets Association, et al. v. United States Commodity Futures Trading Commission
The Commodity Futures Trading Commission issued this document as its initial response to a District Court remand order requiring it to address inadequacies in the cost-benefit analysis of eight swaps-related rulemakings. The Commission clarifies that the costs and benefits identified in the original preambles apply to both domestic and extraterritorial swaps activities subject to its jurisdiction under the Commodity Exchange Act. It further solicits public comments on whether cross-border costs or benefits differ from domestic ones, with a subsequent response and potential rule amendments planned following the review of those comments.
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