January 28, 2022

Volume XII, Number 28

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Commodity Futures Trading Commissions (CFTC) to Host Roundtable on Enhancing Customer Funds Protection

The Commodity Futures Trading Commission staff will host a public roundtable to discuss the CFTC’s proposed rulemaking, “Enhancing Protections Afforded Customers and Customer Funds Held by Futures Commission Merchants and Derivatives Clearing Organizations,” published for public comment on November 14, 2012. The roundtable will consist of four sessions: (i) the role of an “Examination Expert” to review Self-Regulatory Organization examination programs, (ii) the proposed disclosures of firm-specific risks and financial reporting, (iii) the proposed additional requirements for segregation and secured acknowledgment letters, and (iv) the proposed residual interest requirements for futures commission merchants.

The roundtable will be held at CFTC headquarters in Washington, D.C. on February 5, and will be open to the public. A live audio feed will also be available for anyone not able to attend in person, and a video of the discussion will be posted on the CFTC’s website upon the conclusion of the roundtable.

More information on the roundtable can be found here.

©2022 Katten Muchin Rosenman LLPNational Law Review, Volume III, Number 35
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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
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