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CFTC Announces Technology Advisory Committee, Market Risk Advisory Committee Meeting and Finalization of 2020-2024 Strategic Plan

CFTC Announces Technology Advisory Committee Meeting

On June 29, the Commodity Futures Trading Commission’s (CFTC) Technology Advisory Committee (TAC) announced that it will hold a public meeting on July 16. At this meeting, the TAC will hear presentations from the TAC subcommittees on Automated and Modern Trading Markets, Distributed Ledger Technology and Market Infrastructure, Virtual Currencies and Cybersecurity.

The meeting will be held via conference call in accordance with CFTC’s implementation of social distancing due to COVID-19.

More information is available here.

CFTC Announces Market Risk Advisory Committee Meeting

On July 6, the Commodity Futures Trading Commission’s (CFTC) Market Risk Advisory Committee (MRAC) announced that it will hold a public meeting on July 21. At this meeting, the MRAC will (1) discuss market activity in the early part of 2020, immediately following the onset of the COVID-19 pandemic in the United States, and (2) receive status updates from the Climate-Related Market Risk, CCP Risk and Governance, Market Structure and Interest Rate Benchmark Reform subcommittees.

The meeting will be held via conference call in accordance with CFTC’s implementation of social distancing due to COVID-19. More information is available here.

CFTC Announces Finalization of 2020-2024 Strategic Plan

On July 8, the Commodity Futures Trading Commission (CFTC) announced that its 2020-2024 Strategic Plan (Strategic Plan) is now final. The Strategic Plan was unanimously approved by the CFTC in May and was subject to a 30-day comment period that ended in June. The Strategic Plan focuses on the following five strategic goals, each with clearly defined objectives:

  • Strengthening the resilience and integrity of the derivatives markets while fostering their vibrancy;
  • Regulating the derivatives markets to promote the interests of all Americans;
  • Encouraging innovation and enhancing the regulatory experience for market participants at home and abroad;
  • Being tough on those who break the rules; and
  • Focusing on the CFTC’s unique mission and improving the CFTC’s operational effectiveness.

The Strategic Plan is available here.

©2020 Katten Muchin Rosenman LLPNational Law Review, Volume X, Number 195

TRENDING LEGAL ANALYSIS


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
Christian B. Hennion, Finance Attorney, Katten Muchin Law Firm
Associate

Christian B. Hennion concentrates his practice in financial services and asset management matters, including counseling fund managers, registered investment advisers and commodity trading advisors on both transactional and regulatory matters. Chris has advised a wide range of US and international managers, from start-ups to large institutions, regarding a variety of matters, including private fund launches and reorganizations, advisory engagements, Investment Advisers Act and Commodity Exchange Act compliance obligations, Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) registrations and examinations and related corporate and transactional matters. He is experienced with the preparation and negotiation of offering and advisory documents on behalf of asset management firms, as well as with the SEC and CFTC regulatory requirements and filings applicable to such firms.

312-902-5521
Stanley V. Polit, Katten Muchin, Financial Services lawyer, Corporate Regulatory Matters Attorney
Associate

Stanley Polit concentrates his practice in transactional, corporate and regulatory aspects of financial services matters. Stan is able to provide legal services to a wide variety of clients including proprietary trading firms, hedge funds, broker-dealers, registered investment advisers, commodity trading advisers, financial institutions and general corporate clients.

Prior to joining Katten, Stan served as a council member for a national crisis management firm, where he specialized in crisis communication and merged media strategies. He has...

312.902.5420