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CFTC | RIN: 3038-AD36 | Publication ID: Spring 2015 |
Title: Governance Requirements for Designated Contract Markets & Swap Execution Facilities; Additional Requirements Regarding the Mitigation of Conflicts of Interest | |
Abstract:
The Commission proposed requirements to implement the following sections of the Dodd-Frank Wall Street Reform and Consumer Protection Act, insofar as they pertain to conflicts of interest, governance, and fitness: section 726 (Rulemaking on Conflict of Interest); sections 725(c) and (d) (DCO Core Principles and Conflicts of Interest); section 735(b) (DCM Core Principles); and section 733 (SEF Core Principles). After reviewing public comments, and following certain changes in U.S. and international supervisory standards, the Commission proceeded to propose and adopt Governance and Conflict of Interest standards for DCOs in a separate rulemaking. In light of this development, the Commission will issue a new proposed rulemaking, which will: (1) Apply to DCMs and SEFs alone; and (2) take into account domestic and international market developments since the publication of the original proposed rulemaking. The title of this rule has been updated accordingly, to reflect the focus going forward on DCMs and SEFs. |
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Agency: Commodity Futures Trading Commission(CFTC) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 17 CFR 1 17 CFR 37 to 40 | |
Legal Authority: Pub. L. 111-203, secs 725(c), 725(d), 726, 733, and 735(b), Dodd Frank |
Legal Deadline:
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Related RINs: Previously reported as 3038-AD01, Related to 3038-AD37 | |
Agency Contact: Riva Spear-Adriance Senior Special Counsel, Division of Market Oversight Commodity Futures Trading Commission Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581 Phone:202 418-5494 Email: radriance@cftc.gov |