Swap Entities Regulation - Comment Letter - CME Group - January 3, 2011
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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. |
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| 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.
References[edit]
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