RIN Data
| CFTC | RIN: 3038-AD09 | Publication ID: 2012 |
| Title: Core Principles and Other Requirements for Designated Contract Markets | |
| Abstract: Pursuant to title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), the Commodity Futures Trading Commission (Commission or CFTC) proposes to issue rules to implement section 735 of the Dodd-Frank Act. In relevant part, section 735 of the Dodd-Frank Act amends section 5 of the Commodity Exchange Act (Act) pertaining to the designation and operation of contract markets (DCMs). Among other changes, section 735 of the Dodd-Frank Act: (i) Eliminates the eight pre-existing Designation Criteria contained in former section 5(b) of the Act and incorporates these criteria into the various DCM core principles in section 5(d); and (ii) adds five additional DCM core principles. In addition to revising the DCM core principles, section 723 of the Dodd-Frank Act amends section 2(h)(8) of the Act to require that all swaps subject to clearing must be executed on either a DCM or a Swap Execution Facility (SEF), except where the swap is not made available to trade on any DCM or SEF. The proposed rules, guidance and acceptable practices proposed in this rulemaking implement the 23 core principles that boards of trade must now comply with as a condition of obtaining and maintaining designation as a contract market, and incorporate the listing, trading and execution of swaps on designated contract markets. This rulemaking proposes amendments to parts 1, 16 and 38 of the Commission's regulations to implement the amendments to the Act relevant to designated contract markets. | |
| Agency: Commodity Futures Trading Commission(CFTC) | Priority: Other Significant |
| RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Completed Actions |
| Major: Yes | Unfunded Mandates: No |
| CFR Citation: 17 CFR 1 17 CFR 16 17 CFR 38 | |
| Legal Authority: sec 5 of the CEA (7 USC 7) sec 2(h) of the CEA (7 USC 2(h)) sec 8a(5) of the CEA (7 USC 12a(5)) as amended by title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act PL 111-203 124 Stat 1376 (2010) | |
Legal Deadline:
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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 Information URL: http://www.cftc.gov/LawRegulation/DoddFrankAct/Rulemakings/DF_12_DCMRules/index.htm | Public Comment URL: http://comments.cftc.gov/PublicComments/ReleasesWithComments.aspx |
| RIN Data Printed in the FR: No | |
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Agency Contact: Nancy Markowitz Deputy Director, Division of Market Oversight Commodity Futures Trading Commission Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581 Phone:202 418-5453 Email: nmarkowitz@cftc.gov Nadia Zakir Special Counsel, Division of Market Oversight Commodity Futures Trading Commission 1155 21st Street NW., Washington, DC 20581 Phone:202 418-5720 Email: nzakir@cftc.gov Aaron Brodsky Senior Special Counsel, Division of Market Oversight Commodity Futures Trading Commission Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581 Phone:202 418-5349 Email: abrodsky@cftc.gov |
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