CFTC Post-Election Update: New Schedule Extends through June 2013

U.S. Commodity and Futures Trading Commission (CFTC) member Bart Chilton has released a schedule that details the CFTC’s regulatory calendar from November 15, 2012 to June 2013.

See the CFTC schedule below.

GOAL: December 31, 2012
Final Rules:

Clearing Requirement Determination [this may go on November 15]
Cooperative Clearing Exemption
Inter-affiliate Clearing Exemption
SEF Rules
Block Trading Rule for Swaps
DCMs – Core Principle 9
Disruptive Trade Practices Interpretation
Records of cash commodity, futures, option, and swap transactions (Rule 1.35)
CPO Harmonization
RTO/ISO Exemptive Relief
201(f) Exemptive Relief
Segregation for Uncleared Swaps
Systemically Important Clearing Organizations –recovery time

Proposed Rules and Orders:

Guarantees of Swaps
Position Limits

Relief Expires:

Registration Relief for Certain IBs
Temporary Relief from the De Minimis Threshold
CPOs and CTAs doing FX
Cross-Border Interim Relief
Alternative Schedule for Compliance with Rule 1.74

GOAL: March 13, 2013
Final Rules:

Capital for SDs and MSPs
Margin for Uncleared Swaps
Governance and Conflict of Interest (DCMs, DCOs & SEFs)
Guarantees of Swaps
Identity Theft
Volcker Rule

Proposed Rules and Orders:

Stress Testing under Section 165
Systemically Important Clearing Organizations – Liquidity

Relief Expires:

Part 23, Subpart F – Internal Business Conduct Books and Records requirements
201(f) electric utilities
ECP Status, Swap Guarantee Arrangements, Jointly and Severally Liable Counterparties, Amounts Invested on a Discretionary Basis, Anticipatory ECPs
Cleared Swaps in Agricultural and Exempt Commodities and EFSs

GOAL: June 1, 2013
Final Rules:

Cross-Border – Exemptive Order and Interpretive Guidance, any remaining issues

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