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  • CFTC Approves Regulations To Phase In Compliance With Clearing Requirements Of The Dodd-Frank Act

    Date 24/07/2012

    The Commodity Futures Trading Commission today approved final regulations that establish a schedule to phase in compliance with new clearing requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The final rule will phase in the clearing requirement based on the type of market participant entering into swaps subject to the clearing requirement. The compliance schedule does not prohibit any type of market participant from voluntarily complying with the clearing requirement sooner than the compliance deadline. Moreover, the compliance schedule will be used at the Commission’s discretion when it believes that phasing is appropriate and needed by market participants.

  • ESMA Makes Available An Audio Recording Of The Open Hearing On EMIR

    Date 24/07/2012

    On 12 July 2012, ESMA organised a Public Hearing on draft technical standards on EMIR. ESMA today makes available the audio of the hearing on the Post Trading page.

  • CFTC Seeks To Revoke Registrations Of Brian Kim And His Company, Liquid Capital Management, LLC

    Date 24/07/2012

    The U.S. Commodity Futures Trading Commission (CFTC) announced today that it filed a notice of intent to revoke the registrations of Brian Kim and Liquid Capital Management, LLC (LCM). LCM is a registered Commodity Pool Operator and Commodity Trading Advisor. Kim is registered as an Associated Person of LCM and is the sole principal of LCM.

  • Hong Kong's Securities and Futures Commission Proposes To Enhance The Regulatory Framework For Electronic Trading

    Date 24/07/2012

    The Securities and Futures Commission (SFC) has begun today a two-month public consultation on proposals to enhance the regulatory framework for electronic trading, which includes internet trading, direct market access (DMA) and algorithmic trading. 

  • CFTC Proposes Clearing Determination For Certain Credit Default Swaps And Interest Rate Swaps - Commission Proposes The First Swaps To Be Cleared

    Date 24/07/2012

    The Commodity Futures Trading Commission today proposed new rules to require certain credit default swaps (CDS) and interest rate swaps to be cleared by registered derivatives clearing organizations (DCOs). The proposed rule is the first clearing determination by the Commission under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Under the proposed rules, market participants would be required to submit a swap that is identified in the rule for clearing by a DCO as soon as technologically practicable and no later than the end of the day of execution. The proposed rule will be open for public comment after the rule has been published in the Federal Register, and the comment period will be open for 30 days.