Statement on the Proposed Interpretative Statement Regarding the Confidentiality and Indemnification Provision in the Dodd-Frank Wall Street Reform and Consumer Protection

Chairman Gary Gensler

May 1, 2012

Washington, DC – Commodity Futures Trading Commission Chairman Gary Gensler today issued the following statement:

“I support the proposed interpretative statement regarding the application of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) indemnification provisions for swap data repositories (SDRs). The Commission is working closely with international regulators on a collaborative approach regarding how data may be accessed by regulators. The proposed guidance, which benefited from international input, states the Commission’s view that foreign regulators will not be subject to the indemnification provisions in the Dodd-Frank Act if the SDR is registered, recognized or otherwise authorized by foreign law and the data to be accessed is reported to the SDR pursuant to foreign law. The public will now have an opportunity to comment on the proposed guidance, and I look forward to the public’s input.”

Last Updated: May 2, 2012