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CFTC December Meetings

CFTC to Hold an Open Commission Meeting on December 10

The Commodity Futures Trading Commission (CFTC) will hold an open meeting on December 10 at 9:00 a.m. Eastern to cover the following topics:

  • Proposed Rule: Capital Requirements for Swap Dealers and Major Swap Participants – Reopening the Comment Period and Requesting Additional Comment

  • Proposed Rule: Amendments to the Swap Clearing Requirement Exemption for Inter-Affiliate Swaps

  • Proposed Rule: Settlements in Administrative and Civil Proceedings

  • Final Rule: Amendments to Part 13 of the Commission’s Regulations (Public Rulemaking Procedures)

The meeting will take place at the CFTC headquarters in Washington, DC, and a live webcast will be offered. More information is available here.

CFTC’s Market Risk Advisory Committee to Hold Open Meeting December 11

On December 2, the Commodity Futures Trading Commission’s (CFTC) Market Risk Advisory Committee (MRAC) announced that it will hold a public meeting at the CFTC headquarters in Washington, DC on December 11 at 9:30 a.m. Eastern. At the meeting, MRAC will receive status reports from its Climate-Related Market Risk, Central Counterparty Risk and Governance, Market Structure, and Interest Rate Benchmark Reform committees. There also will be a discussion regarding the transition from the London Inter-Bank Offered Rate (LIBOR) to alternative risk-free reference rates (RFRs), including the International Swaps and Derivatives Association’s (ISDA) recent consultation on the final parameters for the spread and term adjustments that will apply to RFRs if derivatives fallbacks are triggered. Comments in connection with the meeting must be submitted by December 18.

For details as to how to attend or listen to the meeting, please see the CFTC’s press release here.

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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.

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312-902-5372
Jack West Financial Attorney Katten
Associate

Jack West is an associate in the Financial Markets and Funds practice.

312-902-5463