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CFTC RIN: 3038-AD09 Publication ID: Fall 2010 
Title: ●DCM Core Principle Rulemaking, Interpretation and Guidance  
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 733 of the Dodd-Frank Act requires that all swaps subject to clearing must be executed on either a DCM or a Swap Execution Facility. This Rulemaking implements 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 expands the DCM regulatory framework to include the listing, trading and execution of swaps. This rulemaking proposes amendments to part 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: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: sec 5 and sec 2(h)(8) of the Act   
Legal Deadline:
Action Source Description Date
Final  Statutory  This rulemaking must be published in the Federal Register on or before July 15, 2011  07/15/2011 
Timetable:
Action Date FR Cite
NPRM  12/00/2010    
NPRM Comment Period End  01/00/2011    
Final Action  07/00/2011    
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 
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