July 31, 2016

July 29, 2016

July 28, 2016

CFTC Issues FAQ on Energy Agreements

The Commodity Futures Trading Commission has responded to questions raised by market participants regarding whether such participants must classify physical commercial agreements for energy supply and consumption as “commodity options.” The FAQ describes in more detail the three-part test (included in the CFTC’s and Securities and Exchange Commission’s release on the definition of “swap” and its counterparts) to be used in making this determination.

More information on the FAQ can be found here.

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About this Author

Kevin M. Foley, Finance Lawyer, Katten Muchin law Firm
Partner

Kevin M. Foley has extensive experience in commodities law and advises a wide range of clients, both in the United States and abroad, on compliance with the Commodity Exchange Act and the rules of the Commodity Futures Trading Commission (CFTC) affecting traditional exchange-traded products, as well as the over-the-counter markets involving swaps and other derivative instruments. His clients include futures commission merchants, derivatives clearing organizations, designated contract markets, foreign boards of trade and an industry trade association.

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