Final Rule: Adaptation of Regulations To Incorporate Swaps-Records of Transactions
Federal Register Publication Date: 12/21/2012
Summary: The Dodd-Frank Wall Street Reform and Consumer Protection Act (‘‘Dodd-Frank Act’’ or ‘‘DFA’’) established a comprehensive new statutory framework for swaps and security-based swaps. The Dodd-Frank Act repeals some sections of the Commodity Exchange Act, amends others, and adds a number of new provisions. The DFA also requires the CFTC to promulgate a number of rules to implement the new framework. The CFTC proposed and finalized numerous rules to satisfy its obligations under the DFA. This rulemaking introduced a number of conforming amendments to integrate the CFTC’s regulations more fully with the new framework created by the Dodd-Frank Act.