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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to the undetermined nature of the new proposal, this entry - which reflects the former rulemaking approach - is being withdrawn. |
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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: 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:
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Timetable:
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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 |