Derivatives Clearing Organizations Regulation - Comment Letter - Kansas City Board of Trade - March 7, 2011
|Proposal Date||Comment Deadline||Final Rule Proposal|
|October 18, 2010||June 3, 2011||First Qtr. 2012|
|Proposal Date||Comment Deadline||Final Rule Issue|
|January 6, 2011||June 3, 2011||TBA|
DCO, DCM, SEF Governance Standards
March 7, 2011
KCBT argues that "due to the adequacy of rules and procedures currently in place, we do not see any benefit to certify to the Commission on an annual basis that we are in compliance with the governance fitness standards." In addition, "the requirement of submitting prescriptive, voluminous and detailed information ignores the basic principles of self-regulation and thrusts the Commission into the role of a front line regulator."