Shipkevich Bitcoin and ICO Attorney
Felix Shipkevich February 22, 2012

The CFTC delayed Thursday’s vote on a rule that would define swap dealers (“SDs”) and other swap entities under the Dodd-Frank law of 2010. The CFTC is months behind in implementing many of the regulations Dodd-Frank requires. Thus far, the Commission has finalized about 25 regulations.

The vote would clarify which energy companies, banks, and firms will have to meet costly regulations imposed upon SDs. The regulations will require commodity firms to set aside capital and margin requirements on some of their transactions. A CFTC official said that the Securities and Exchange Commission (“SEC”) “pulled” the vote due to lingering questions among the commissioners.

Read more about the CFTC’s delays.

Creative Commons License photo credit: Marco Bellucci