Federal Register: Further Definition of “Swap Dealer,” “Security-Based Dealer,” “Major Swap Participant,” “Major Security-Based Swap Participant” and “Eligible Contract Participant”

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Dodd-Frank Timeline, Further Defining “Swap Dealer,” “Major Swap Participant” and “Eligible Contract Participant”
Final Rule Issue Effective Date Compliance Date
May 23, 2012 July 23/Dec. 31, 2012 October 12, 2012

The Commodity Futures Trading Commission (CFTC) proposed rules further defining “swap dealer,” “major swap participant” and “eligible contract participant” at its December 1, 2010 open meeting. These definitions were coordinated with those of the Securities and Exchange Commission (SEC), which approved the joint resolution on December 3, 2010. The definitions are explained in full detail on the page Swaps Definitions Regulation.<ref>Open Meeting on Sixth Series of Proposed Rules under the Dodd-Frank Act. CFTC. Retrieved on February 16, 2011.</ref>

Among the defined terms:

  • Swap dealer
  • Major swap participant
  • Eligible contract participant
  • Hedging and mitigating commercial risk
  • Substantial counterparty exposure
  • Financial entity
  • Highly leveraged

Related Documents: Fact Sheet, Q&A, and Rule Proposal as it Appeared in the Federal Register[edit]





References[edit]

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