by David Schwartz J.D. CPA | Dec 21, 2012 | All, Formal Regulatory Remedies
On December 18, 2012, the CFTC issued an interim final rule extending the compliance date for the new Dodd-Frank business conduct standards and documentation requirements for swap dealers and major swap participants. The rule extends the deadline for the business...
by David Schwartz J.D. CPA | Nov 19, 2012 | All, Formal Regulatory Remedies
In an address before the ALI Conference on Investment Adviser Regulation in New York City on December 6, 2012, Norm Champ, the new Director of the SEC’s Division of Investment, announced that the “Division staff will no longer defer consideration of exemptive...
by David Schwartz J.D. CPA | Nov 19, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
On July 6, House Financial Services Committee Chairman Spencer Bachus (R-AL) initiated a series of hearings reviewing the two-year experience of the Dodd-Frank Act, and in particular the effects of its derivatives provisions. Prompted by the June 28 release by the...
by David Schwartz J.D. CPA | Jul 15, 2012 | All, Disclosure Regimes, Formal Regulatory Remedies
On July 11, the CFTC approved its much awaited final rule implementing the end-user exception from mandatory clearing of swaps. The new ruleslay out parameters of the end-user exception by (1) defining the term “hedging or mitigating commercial risk” and (2)...
by David Schwartz J.D. CPA | Jun 12, 2012 | All, Formal Regulatory Remedies
The SEC has issued a policy statement laying out a roadmap for how it plans to implement new rules regulating security-based swaps and security-based swap market participants under authority granted to it by the 2010 Dodd-Frank Wall Street Reform and Consumer...
