The Commodity Futures Trading Commission (CFTC) has issued a Final Order regarding the effective date for swap regulation.
On 14 July, 2011, the CFTC granted temporary exemptive relief from certain provisions of the Commodity Exchange Act that otherwise would have taken effect on 16 July, 2011, the general effective date of title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act. On October 25, 2011, the CFTC proposed to extend the exemptive relief beyond the 31 December, 2011, expiration date.
Today’s Final Order addresses the comments received on the 25 October, 2011, Notice of Proposed Amendment, and extends the potential latest expiration date of the exemptive relief to 16 July, 2012.
