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CFTC RIN: 3038-AD37 Publication ID: Fall 2020 
Title: Requirements for Designated Contract Markets and Swap Execution Facilities Regarding the Mitigation of Conflicts of Interest 
Abstract:

In 2010 and 2011, the Commodity Futures Trading Commission ("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 for derivatives clearing organizations ("DCOs”), designated contract markets ("DCMs”), and swap execution facilities ("SEFs”):  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).  The Commission did not adopt these requirements.  The title of this rule was previously updated to reflect the focus going forward on DCMs and SEFs.  Moreover, the closely related rulemaking activities previously reported separately under RIN 3038-AD36 have been merged into this agenda entry.  The Commission will issue a new proposed rulemaking, which will:  (1) Apply to DCMs and SEFs; and (2) take into account domestic and international market developments since the publication of the original proposed rulemaking, through an as-yet undetermined future submission.  Due to the undetermined nature of the new proposal, this entry - which reflects the former rulemaking approach - is being withdrawn.

 
Agency: Commodity Futures Trading Commission(CFTC)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
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:
Action Source Description Date
Final  Statutory  and 07/15/2011  01/14/2011 
Timetable:
Action Date FR Cite
NPRM  10/18/2010  75 FR 63732   
NPRM Comment Period End  11/17/2010    
NPRM  01/06/2011  76 FR 722   
NPRM Comment Period End  03/07/2011 
NPRM Comment Period Extended  05/04/2011  76 FR 25274   
NPRM Comment Period Extended End  06/03/2011    
Withdrawn  09/04/2020 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
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-AD36 
Agency Contact:
Swati Shah
Special Counsel, Division of Market Oversight
Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21st Street NW,
Washington, DC 20581
Phone:202 418-5042
Email: sshah@cftc.gov