Swap Entities Regulation - Comment Letter - CME Group - January 3, 2011

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Gavel.png FINAL RULE: This page refers to the proposed rulemaking on the provisions common to registered entities. The CFTC final rule was issued at its July 19 open meeting.
Dodd-Frank Timeline-Provisions Common to Registered Entities
Proposal Date Final Rule Issue Effective/Compliance Date
November 2, 2010 July 27, 2011 September 26, 2011

Provisions Common to Registered Entities
January 3, 2011

Summary of points from the comment letter:

  • The new product and rule submission procedures would significantly increase costs to registered entities.
  • The proposed "Stay" provision should not be applied in all circumstances.
  • The scope of the proposed approval procedures for Systemically Important Derivatives Clearing Organizations (SIDCOs) is overbroad.
  • The prohibition on event contracts should be further defined.
  • De-listing of products should be made effective upon submission.


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