Events listed in CFTC Regulations
Commission Guidance Regarding the Listing of Voluntary Carbon Credit Derivative ...
ID 26569
As previously announced on December 4, 2023, the U.S. Commodity Futures Trading Commission (CFTC) has now published in the Federal Register its consultation on a proposed „Guidance on Listing VCC-Derivative Contracts“. The guidance outlines specific factors that Designated Contract Markets (DCMs) should consider when contemplating the listing of Voluntary Carbon Credit (VCC) derivative contracts on their platforms. The guidance aims to ensure that VCC ...
CFTC Approves Two Proposals and a DCO Application
ID 26341
On December 18, 2023, the Commodity Futures Trading Commission (CFTC) published a press statement to inform of three (legislative) outcomes of its last open hearing on December 13, 2023. Specifically, the CFTC informs that it has 1. approved proposed rule amendments to Statutory Instruments 17 CFR Part 1 and 17 CFR Part 23 to create an operational resilience framework for futures commission merchants (FCMs), ...
CFTC Issues Proposed Guidance Regarding the Listing of Voluntary Carbon Credit ...
ID 26059
The U.S. Commodity Futures Trading Commission (CFTC) has announced an upcoming consultation on a proposed Guidance on Listing VCC-Derivative Contracts. The guidance outlines specific issues that Designated Contract Markets (DCMs) should consider when contemplating the listing of Voluntary Carbon Credit (VCC) derivative contracts on their platforms. The noted issues are aimed at ensuring that VCC contracts align with regulatory standards, are less susceptible to ...
Statement by Secretary of the Treasury Janet L. Yellen on Commodity Futures Trading ...
ID 26054
The Secretary of the U.S. Department of the Treasury (USDT), Mrs. Janet L. Yellen, has released a statement in view of the issuance of a proposed Guidance on Listing Voluntary Carbon Credit (VCC) Derivative Contracts by the U.S. Commodity Futures Trading Commission (CFTC) (please see EventID 24175 in this context for more information). To recall, the guidance outlines specific issues that Designated Contract Markets ...
CFTC Releases FY 2023 Enforcement Results
ID 25685
On November 7, 2023, the Commodity Futures Trading Commission (CFTC) released its enforcement results for fiscal year 2023 which reveals an exceptionally high number of cases related to digital assets-related issues, regulatory obligation violations, market manipulations, and other serious misconduct. In fact, the Division of Enforcement (DOE) initiated 96 actions, tackling fraud, manipulation, and various violations across diverse markets, resulting in over $4.3 billion ...
CFTC Staff Issues No-Action Letter Regarding Certain Block and Cap Amendments
ID 25391
The U.S. Commodity Futures Trading Commission, CFTC, has published a press statement to inform that its Division of Data (DOD) has issued a new no-action relief letter (Staff Letter 23-15) in connection with certain reporting requirements of swap dealers and swap counterparties that would otherwise have to be met by December 4, 2023. To recap, in 2020, the CFTC created a new rule to ...
CFTC Releases Enforcement Advisory on Penalties, Monitors and Admissions
ID 25358
The Division of Enforcement of the U.S. Commodity Futures Trading Commission (CFTC) has released a new advisory aimed at providing guidance to enforcement staff on the Commission’s future approach towards enforcement. This approach has been revised in the past two years to achieve better accountability for regulatory breaches and prevent market misconduct altogether. A particular focus thereby lies on the prevention of recurring violations ...
CFTC Approves Proposed Rule Regarding Exemptions from Certain Compliance ...
ID 25178
The U.S. Commodity Futures Trading Commission, CFTC, recently announced an upcoming consultation on revisions to its Rule § 4.7 under 17 CFR Part 4 which specifies exemptions from regulatory requirements for commodity pool operators (CPOs) and for commodity trading advisors (CTAs) when offering services to or advising qualified eligible persons (QEPs). According to the rule as set out in the early 90’s, QEPs are deemed ...
Swap Confirmation Requirements for Swap Execution Facilities
ID 24740
Following a corresponding announcement in July 2023 (EventID 22513), the U.S. Commodity Futures Trading Commission (CFTC) has now published in the Federal Register its consultation on proposed amendments in relation to its swap confirmation requirements of Swap Execution Facilities (SEFs). Specifically, the Commission proposes to – include new provisions under its enforceablity provision in 17 CFR Part 37 to oblige SEFs to provide to ...
CFTC Approves Final DCO Reporting and Information Requirement and Three Proposals ...
ID 24396
The US Commodity Futures Trading Commission (CFTC) has published the outcome of its most recent open meeting on July 26, 2023. Specifically, the Commission approved one final rule and three proposed rules as briefly described below: #### Final rule as regards reporting and information requirements for derivatives clearing organizations (DCOs) Following a corresponding consultation in November 2022, the CFTC has now published the final ...