CFTC Revamps Its Swap Data Reporting Regulations

        The Commodity Futures Trading Commission (CFTC) is proposing amendments to its Part 45 swap data reporting regulations related to cleared swaps. The amendments primarily affect swap data repositories (SDRs), derivatives clearing organizations (DCOs), designated contract markets (DCMs), swap execution facilities (SEFs), swap dealers (SDs), and major…

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Jennings Strouss Attorney Debbie Swanstrom to Present at ACI’s National Forum on Energy Trading

Jennings Strouss energy attorney Debbie Swanstrom will be speaking at the American Conference Institute’s 11th National Forum on Energy Trading Compliance & Regulatory Enforcement Summit held on July 21st and 22nd in Houston, Texas. Debbie will be presenting, “What Is the Basic Minimum Necessary to Keep Small Market Participants in…

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CFTC Plans To Lighten Regulatory Burdens on End-Users Trading Commodity

          On April 30, 2015, the Commodity Futures Trading Commission (“Commission” or “CFTC”) issued a notice of proposed rulemaking to amend its commodity trade option regulation. The proposed changes are intended to reduce recordkeeping and reporting obligations for physical commodity option transactions between commercial end-users which…

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The CFTC Grants Temporary Regulatory Relief to the Southwest Power Pool and Integrated Marketplace Participants

On February 20, 2014, the staff of the Commodity Futures Trading Commission (CFTC) issued a No-Action letter temporarily removing a regulatory barrier to Southwest Power Pool’s (SPP) planned March 1, 2014 launch of its Integrated Marketplace. The No-Action letter is a stop-gap measure that will expire on the earlier of…

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FERC and the CFTC Reach Agreement on Jurisdiction and Information Sharing

The Dodd-Frank Wall Street Reform and Consumer Protection Act signed by President Obama in July 2010 (“Dodd-Frank Act”)[1] mandated that the Federal Energy Regulatory Commission (“FERC“) and the Commodity Futures Trading Commission (“CFTC“) enter into a memorandum of understanding (“MOU”) by January 2011 outlining how the two agencies can exercise…

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Top Ten Things Every Governmental Utility Needs To Know About Compliance With CFTC Recordkeeping And Reporting Requirements, As Well As Trading With Swap Dealers

Jennings, Strouss & Salmon attorney Debbie A. Swanstrom recently presented the topic, “Now What? CFTC Obligations and Compliance in the Age of Swaps,”at the APPA Legal Seminar in Seattle, WA. Here are highlights from her presentation: TOP TEN THINGS EVERY GOVERNMENTAL UTILITY NEEDS TO KNOW ABOUT COMPLIANCE WITH CFTC RECORDKEEPING…

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CFTC Reporting Obligations Begin for End-Users Engaging in Energy Commodity Swaps

There are three basic types of transactional reporting requirements imposed by the Commodity Futures Trading Commission (“CFTC”) in regulations implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”), including reporting of: (1) historical swaps; (2) new swaps; and (3) commodity trade options.  Following the issuance of temporary…

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