Final Exemptive Order Regarding Compliance With Certain Swap Regulations; Further Proposed Guidance | White & Case LLP International Law Firm, Global Law Practice
Final Exemptive Order Regarding Compliance With Certain Swap Regulations; Further Proposed Guidance

Final Exemptive Order Regarding Compliance With Certain Swap Regulations; Further Proposed Guidance

On December 21, 2012, the Commodity Futures Trading Commission (the "Commission" or "CFTC") approved an exemptive final order (the "Final Order") providing time-limited relief from certain cross-border applications of the swaps provisions of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") and the Commission's regulations. The purpose of the exemptive order is to foster an orderly phase-in of the new swaps regulatory regime and to provide market participants greater certainty regarding their obligations with respect to cross-border swap activities.

 

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