Futures Commission Merchant Regulation - Comment Letter - Farm Credit Administration - December 3, 2010
|Final Rule Issue||Effective Date||Compliance Deadline|
|December 19, 2011||February 17, 2012||June 18, 2012|
Investment of Customer Funds and Credit Ratings
December 3, 2010
From the comment letter:
"The proposed rule may have potential unintended consequences for GSEs that should be explored and evaluated...By excluding all GSE debt from the securities available for use in customer-segregated accounts, the CFTC's proposed rule has the potential to alter the market for GSE debt. To our knowledge, no GSE debt has ever resulted in a loss of principal or interest to any investor."