• CFTC Issues First Set of Mandatory Clearing Determinations and Time-Limited No-Action Relief
  • December 6, 2012
  • Law Firm: Sutherland Asbill Brennan LLP - Washington Office
  • On November 28, the Commodity Futures Trading Commission (CFTC) issued final clearing determinations (Final Determinations) with respect to four classes of interest rate swaps (IRS) and two classes of credit default swaps (CDS). The CFTC was scheduled to adopt the Final Determinations at an open meeting to be held yesterday, but the meeting was canceled and the Final Determinations were issued by seriatim on November 28 instead.