A Defining Moment: SEC and CFTC Release Joint Proposed Rule on Key Definitions in Title VII of the Dodd-Frank Act

28 December 2010
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This client update discusses proposed rules and interpretative guidance, issued in connection with the implementation of the Dodd-Frank Act, on the definitions of “swap dealer,” “security-based swap dealer,” “major swap participant,” “major security-based swap participant” and “eligible contract participant” by the CFTC and the SEC.