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Calm Before the Storm - CFTC Proposes Temporary Exemptive Relief
17 June 2011
View Client Update
Title VII of the Dodd-Frank Act provides that certain swap regulations are meant to be self-effectuating on July 16, 2011. However, the rulemaking task given to the Commodity Futures Trading Commission is still in progress.
To ensure an orderly transition to the new swap regulatory regime, the Commodity Futures Trading Commission has proposed to give temporary exemptive relief with respect to a number of self-effectuating swap regulations, notwithstanding the effective date of July 16, 2011.
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