Compliance Dates

The Commodity Futures Trading Commission (Commission) implemented new provisions of Title IX of the Dodd-Frank Wall Street Reform and Consumer Protection Act by removing references to or reliance on credit ratings, and replacing any such reference with an appropriate alternative standard.

The Commodity Futures Trading Commission (Commission) amended its rules to implement new statutory provisions enacted by titles VII and X of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act). Section 1093 of the Dodd-Frank Act provides for certain amendments to title V of the Gramm-Leach-Bliley Act (the "GLB Act"). The GLB Act sets forth certain protections for the privacy of consumer financial information and was amended by the Dodd-Frank Act to affirm the Commission’s jurisdiction in this area. The amendments broaden the scope of part 160 to cover two new entities created by title VII of the Dodd-Frank Act: swap dealers and major swap participants.

The Commission adopted reporting regulations that require physical commodity swap and swaption reports. The new regulations require routine position reports from clearing organizations, clearing members and swap dealers and also apply to reportable swap trader positions.

The Commodity Futures Trading Commission (Commission) adopted regulations to implement new statutory provisions enacted by Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act. These regulations apply to futures commission merchants, retail foreign exchange dealers, commodity trading advisors, commodity pool operators, introducing brokers, swap dealers and major swap participants. The Dodd-Frank Act provides the Commission with authority to implement regulations under sections 624 and 628 of the Fair Credit Reporting Act. The regulations implementing section 624 of the Fair Credit Reporting Act require CFTC-regulated entities to provide consumers with the opportunity to prohibit affiliates from using certain information to make marketing solicitations to consumers. The regulations implementing section 628 of the FCRA require CFTC-regulated entities that possess or maintain consumer report information in connection with their business activities to develop and implement written policies and procedures for the proper disposal of such information.

The Commodity Futures Trading Commission (Commission) amended its regulations governing off-exchange foreign currency transactions with members of the retail public (i.e., retail forex transactions). These amendments incorporate into Part 5 of the Commission's regulations changes made to the Commodity Exchange Act (CEA) by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Commission also issued certain related technical interpretations of various provisions of the CEA as amended by the Dodd-Frank Act with respect to retail forex transactions.

The Commodity Futures Trading Commission (Commission) adopted rules to implement new statutory provisions enacted by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The Dodd-Frank Act, which amends the Commodity Exchange Act (CEA), includes provisions applicable to "a swap in an agricultural commodity (as defined by the [CFTC])." This release defined that term for purposes of the CEA or CFTC regulations.

The Commodity Futures Trading Commission (Commission) adopted final rules pursuant to section 753 of the Dodd-Frank Wall Street Reform and Consumer Protection Act to implement amended subsections (c)(1) and (c)(3) of section 6 of the Commodity Exchange Act. These rules broadly prohibit fraud and manipulation in connection with any swap, or contract of sale of any commodity in interstate commerce, or contract for future delivery on or subject to the rules of any registered entity.

The Commodity Futures Trading Commission (Commission) published for comment an interim final rule to implement new statutory provisions introduced by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Section 723 of the Dodd-Frank Act amends Section 2 of the Commodity Exchange Act (CEA) by adding new Section 2(h)(5)(B), which directs that rules adopted by the Commission under this section shall provide for the reporting of "transition" swaps--that is, swaps entered into on or after the date of enactment of the Dodd-Frank Act and prior to the effective date of swap data reporting rules to implement Section 2(h)(5)(B)--to a registered swap data repository ("SDR") or to the Commission. Each category of data is subject to a reporting timetable specified in Section 2(h)(5). In order to ensure the preservation of data pending implementation of rules implementing the swap data reporting provisions of Section 2(h)(5)(B), the Commission adopted an interim final rule directing specified counterparties to post-enactment, or transition, swap transactions entered into prior to the effective date of the swap data reporting and recordkeeping rules implementing Section 2(h)(5)(B) of the CEA to retain information pertaining to the terms of such swaps

The Commodity Futures Trading Commission (Commission) adopted regulations and amendments to existing regulations to establish requirements for, among other things, registration, disclosure, recordkeeping, financial reporting, minimum capital, and other operational standards with respect to off-exchange transactions in foreign currency with members of the retail public.

The Commodity Futures Trading Commission (Commission) published an interim final rule to implement new statutory provisions introduced by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act"). Section 729 of the Dodd-Frank Act requires the CFTC to adopt, within 90 days of enactment of the Dodd-Frank Act, an interim final rule for the reporting of swap transactions entered into before July 21, 2010 whose terms had not expired as of that date ("pre-enactment unexpired swaps"). Pursuant to this mandate, the CFTC adopted an interim final rule requiring specified counterparties to pre-enactment unexpired swap transactions to report certain information related to such transactions to a registered swap data repository or to the Commission by the compliance date to be established in reporting rules required under Section2(h)(5) of the CEA, or within 60 days after an SDR becomes registered under Section 21 of the CEA, whichever occurs first. An interpretive note to the rule advises that counterparties that may be required to report to an SDR or the CFTC will need to preserve information pertaining to the terms of such swaps.