Volcker Rule - CFTC - Comment Letter - Futures Industry Association - April 16, 2012
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Proposal Date | Comment Deadline | Final Rule Released |
---|---|---|
February 14, 2012 | April 16, 2012 | December 10, 2013 |
Volcker Rule - CFTC
April 16, 2012
In their comment letter to the CFTC, FIA recommends the following:
- exclude forwards and contracts and other physically settled contracts from the definition of covered financial position;
- exclude foreign exchange forwards and swaps from the definition of derivative;
- include in the scope of permissible government obligation activities transactions in futures and swaps on U.S. government obligations;
- include in the scope of permissible government obligation activities transactions in foreign sovereign debt and in futures and swaps on those obligations; and
- include only those commodity pools and foreign funds in the definition of “similar funds” that are, in fact, similar to hedge funds or private equity funds
References[edit]
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