Tag Archives: major swap participant

Announcement: A Multi-Part Series on Key Dodd-Frank Definitions: Swap Dealer, Major Swap Participant, Eligible Contract Participant

We are delighted to announce an upcoming multi-part series of postings that relate to the final rules for the definitions of swap dealer, security-based swap dealer, major swap participant, major security-based swap participant, and eligible contract participant. Structurally, this series will consist of 22 postings, organized as follows: General Topic Specific Subject Matter of Posting Swap … Continue Reading

PART 12: “ERISA Plans” “Registered Investment Companies” “Affiliated Positions” “Investment Advisory Clients” “Inter-Affiliate Swaps” and “Legacy Portfolios” and Major Swap Participant Under the December 7th Joint SEC / CFTC Rule Proposal

This is the 12th AND FINAL posting of a 12-part series on a December 7th rule proposal (75 Fed Reg 80174) by the SEC and CFTC (the "Regulators") to further define several key terms in Title VII of Dodd-Frank: swap dealer, security-based swap dealer, major swap participant, major security-based swap participant, and eligible contract participant. In this posting, … Continue Reading

PART 11: “Implementation Standard” “Reevaluation Period” “Minimum Duration” and “Limited Purpose Designation” for Major Participant Status Under The December 7th Joint SEC / CFTC Rule Proposal

This is the 11th of a multi-part series on a December 7th rule proposal (75 Fed Reg 80174) by the SEC and CFTC (the “Regulators”) to further define several key terms in Title VII of Dodd-Frank: swap dealer, security-based swap dealer, major swap participant, major security-based swap participant, and eligible contract participant. In this posting, we ruminate regarding … Continue Reading

PART 10: “Financial Entity”& “Highly Leveraged” And The Major Participant Definitions – The December 7th Joint SEC / CFTC Rule Proposal

This is the 10th of a multi-part series on a December 7th rule proposal (75 Fed Reg 80174) by the SEC and CFTC (the "Regulators") to further define several key terms in Title VII of Dodd-Frank: swap dealer, security-based swap dealer, major swap participant, major security-based swap participant, and eligible contract participant. In this posting, we ruminate regarding … Continue Reading

PART 9: “Substantial Counterparty Exposure” And The Major Participant Definitions – The December 7th Joint SEC / CFTC Rule Proposal

This is the 9th of a multi-part series on a December 7th rule proposal (75 Fed Reg 80174) by the SEC and CFTC (the "Regulators") to further define several key terms in Title VII of Dodd-Frank: swap dealer, security-based swap dealer, swap participant, major security-based swap participant, and eligible contract participant. In this posting, we ruminate regarding the … Continue Reading

PART 8: The Hedging or Mitigating Commercial Risk Exemption From Major Participant Status Under the December 7th Joint SEC CFTC Release

This is the 8th of a multi-part series on a December 7th rule proposal (75 Fed Reg 80174) by the SEC and CFTC (the “Regulators”) to further define several key terms in Title VII of Dodd-Frank: swap dealer, security-based swap dealer, swap participant, major security-based swap participant, and eligible contract participant. In this posting, we ruminate regarding the … Continue Reading

PART 7: “Substantial Position” in Major Swap Participant Definition As Discussed In December 7th Joint CFTC-SEC

This is the seventh of a multi-part series on a December 7th rule proposal by the SEC and CFTC (the "Regulators") to further define several key terms in Title VII of Dodd-Frank: swap dealer, security-based swap dealer, swap participant, major security-based swap participant, and eligible contract participant. In this posting, we ruminate regarding the Regulators’ rule proposal in … Continue Reading

PART 6: Major Categories of Swaps and Security-Based Swaps – December 7th Joint SEC / CFTC Rule Proposal

This is the sixth of a multi-part series on a December 7th rule proposal by the SEC and CFTC (the "Regulators") to further define several key terms in Title VII of Dodd-Frank: swap dealer, security-based swap dealer, swap participant, major security-based swap participant, and eligible contract participant. In this posting, we ruminate regarding the Regulators’ rule proposal in … Continue Reading

PART 5: The Definition of a “Major Swap Participant” and “Major Security-Based Swap Participant” in the December 7th Joint SEC / CFTC Rule Proposal

This is the fifth of a multi-part series on a December 7th rule proposal by the SEC and CFTC (the “Regulators”) to further define several key terms in Title VII of Dodd-Frank: swap dealer, security-based swap dealer, swap participant, major security-based swap participant, and eligible contract participant. In this posting, we ruminate regarding the Regulators’ rule proposal in … Continue Reading

PART 4: The Joint SEC / CFTC Proposal of December 7th – Refinements to the Eligible Contract Participant Definition

This is the fourth of a multi-part series on a December 7th rule proposal by the SEC and CFTC (the “Regulators”) to further define several key terms in Title VII of Dodd-Frank: swap dealer, security-based swap dealer, swap participant, major security-based swap participant, and eligible contract participant. In this posting, we ruminate regarding the Regulators’ rule proposal in … Continue Reading

Announcement: Multi-Part Series on recent Joint SEC-CFTC Rule Proposal to Define Dealer, Major Participant and Eligible Contract Participant

Over the next several days, we will issuing a series of postings on the joint SEC/CFTC rule proposal released on December 7th and available here. PURPOSE OF THE PROPOSED RULES The purpose of the December 7th proposal was to further define key terms under Title VII of Dodd-Frank: swap dealer, security-based swap dealer, major swap participant, major … Continue Reading

CFTC Proposes Registration Rules for Swap Dealers and Major Swap Participants

Overview In a November 23rd Federal Register publication, the CFTC 1) proposed rules to establish registration requirements for swap dealers and major swap participants – collectively referred to in the rule proposal as “swaps entities” – and 2) sought comments in respect of those rules, as well as the extraterritorial application of the swap dealer … Continue Reading

CFTC to hold Public Meeting on December 1st on Sixth Series of Proposed Rules

Reminder: Public Meeting December 1st WHAT: CFTC to hold Public Meeting on Sixth Series of Proposed Rules.  Topics  to be discussed Core principles and other requirements for designated contract markets; General regulations for derivatives clearing organizations; Information management requirements for derivatives clearing organizations; Reporting, recordkeeping and daily trading records requirements for swap dealers and major swap participants; … Continue Reading

November 10th CFTC Meeting on Fourth Series of Proposed Rules

Reminder: Public Meeting November 10th WHAT: CFTC to hold Public Meeting on Fourth Series of Proposed Rules. Topics  to be discussed: 1) Registration of Foreign Boards of Trade 2) Registration of swap dealers and major swap participants 3) Implementation of the Whistleblower provisions of Section 23 of the Commodity Exchange Act 4) Establishing and governing the … Continue Reading
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