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Volume X, Number 339

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CFTC Announces Organizational Changes & Open Commission Meeting

CFTC Announces Organizational Changes

On October 29, the Commodity Futures Trading Commission announced certain reorganizational changes designed to enhance the CFTC’s operational effectiveness. Specifically:

  • the Division of Swap Dealer and Intermediary Oversight and the Office of Customer Education and Outreach have been combined to form the new Market Participants Division;

  • personnel from various operating units including the Office of Data and Technology and the Division of Market Oversight have been merged into the new Division of Data to centralize the CFTC’s data functions;

  • the Office of General Counsel and the Office of the Executive Secretariat have been merged to form the new Legal Division; and

  • the Office of the Executive Director and the customer service elements of the Office of Data and Technology have been combined to form the new Division of Administration.

The mission (and names) of the Division of Clearing and Risk, Division of Market Oversight, and Division of Enforcement remains unchanged.

The press release announcing the reorganization is available here.


CFTC to Hold an Open Commission Meeting on November 2

The Commodity Futures Trading Commission will hold an open meeting on Monday, November 2, from 10:00 a.m. to 12:30 p.m. ET, to consider amendments to Part 50 clearing requirement exemptions for central banks, sovereigns, international financial institutions, bank holding companies and community development financial institutions.

The meeting is open to the public via streaming or phone. The live feed will be streamed at www.cftc.gov.

More information, including streaming and listening instructions, is available here.

©2020 Katten Muchin Rosenman LLPNational Law Review, Volume X, Number 304
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About this Author

Kevin M. Foley, Finance Lawyer, Katten Llaw 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.

...

312-902-5372
Gregory Uffner, Financial Services Attorney, Katten Law Firm
Associate

Gregory Uffner is an associate in the Financial Services practice. 

While in law school, Gregory was an associate editor for the Moot Court Board, a member of the Fordham Urban Law Journal and served as managing editor for the Fordham Sports Law Forum.

212.940.6485
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