• CFTC Proposes Two Rules Clarifying Dodd-Frank Implementation Schedules for Certain Requirements and Previews Future Rulemaking Schedule
  • September 21, 2011 | Authors: Bruce C. Bennett; Allison Lurton; William L. Massey
  • Law Firms: Covington & Burling LLP - New York Office ; Covington & Burling LLP - Washington Office
  • At a September 8 meeting, the Commodity Futures Trading Commission (¿CFTC¿) approved two notices of proposed rulemaking setting forth implementation schedules for compliance with certain new requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act (¿Dodd-Frank¿). In one notice, the CFTC addressed its proposed implementation schedule for Dodd-Frank¿s clearing and trade execution requirements. In the other notice, the CFTC addressed Dodd-Frank¿s swap trading relationship documentation and margin requirements. At the same meeting, Chairman Gary Gensler released a tentative schedule of final rules that the CFTC may consider during the remainder of 2011 and the first quarter of 2012.