WASHINGTON (CN) – The Commodity Futures Trading Commission seeks public comments on proposed interpretive guidance it adopted earlier this month for cross-border regulation of swaps dealers and swaps market participants.
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The CFTC’s swap market rules, mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act, will apply to foreign swap transactions that have U.S. counterparties or are backed by domestic firms, according to the earlier decision.
The CFTC will accept comments until August 27.
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