CFTC Issues its Last Word on the Cross-Border Application.

Cross-Border Application of Swaps Provisions The Commission has issued proposed guidance and a final exemptive order regarding the cross-border application of the swap provisions of the CEA as added by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Exemptive Order On Cross-border Application Letters

Prior to the meeting, the Commission released a statement of cross-border understanding between the CFTC and the European Commission (“EC”), four no-action letters, and the Final Exemptive Order regarding the cross-border application of the swaps requirements.

Exemptive Order On Cross-border Application Letters

CFTC Cross-Border Application of Dodd-Frank Title VII July 22, 2013 Also on January 7, 2013, the CFTC published a final interim exemptive order (“Final Interim Order”) granting time-limited relief to non-U.S. SDs and MSPs and to foreign branches of U.S. SDs and MSPs.

Exemptive Order On Cross-border Application Letters

The Final Guidance sets forth the guidelines that will apply to cross-border transactions after the Exemptive Order (or the applicable aspect of the Exemptive Order) expires. The cross-border application of the CFTC’s policy under the Final Guidance is, in many ways, very different from the application under the Exemptive Order.

Exemptive Order On Cross-border Application Letters

CFTC Cross-Border Guidance Frequently Asked Questions. 8 August 2013. Subscribe. regarding the cross-border application of the swap provisions. Subsequently, the Commission finalized and. Lastly, on July 12, 2013, the Commission also approved a final exemptive order with respect to certain swap requirements, providing temporary.

Exemptive Order On Cross-border Application Letters

The Exemptive Order (largely similar to the proposed order2 covering much of the same subject matter, but with some modifications) provides time-limited relief respecting the cross-border application of certain provisions of Title VII of the 2 Exemptive Order Regarding Compliance With Certain Swap Regulations, 77 Fed. Reg. 41110 (Jul.

Exemptive Order On Cross-border Application Letters

CFTC Adopts Final Cross-Border Guidance and Exemptive Order; Announces “Path Forward” with EU. The Commodity Futures Trading Commission (CFTC) on July 12, 2013 approved its highly-anticipated final interpretive guidance and policy statement (the Guidance) on the cross-border application of Dodd-Frank’s swap regulatory requirements.

CFTC Issues Exemptive Order Delaying Various Compliance.

Exemptive Order On Cross-border Application Letters

Moreover, the Exemptive Order provides far too little time for asset managers and their clients to assess their status under this complex and subjective definition and to come into compliance with the U.S. rules, exacerbating the difficulty of the interpretive questions and practical challenges arising from implementation of the Guidance’s U.S. person definition.

Exemptive Order On Cross-border Application Letters

Commissioner Gary Gensler announced the CFTC will hold a public meeting to consider Final Interpretative Guidance on Cross-Border Application of the CFTC and a Cross-Border Phase-In Exemptive Order. The meeting is scheduled for July 12, at 9:30 a.m. See: CFTC Public Meeting Announcement.

Exemptive Order On Cross-border Application Letters

On December 21, 2012, the CFTC issued a final exemptive order relating to the application of certain swaprelated provisions of the U.S. Commodity - Exchange Act to swap activities outside the United States (the “Exemptive Order”). 1. The Exemptive Order adopts a number of provisions in the CFTC’s proposed cross-border exemptive order (the “.

Exemptive Order On Cross-border Application Letters

Mr. Chairman, I would like to thank the staff and my fellow commissioners and international regulators for all of their hard work to modify the cross-border document and the attendant exemptive relief and no-action letters that enabled us to avert the regulatory train wreck that might have occurred had we not fully engaged with our European counterparts in these last-minute negotiations.

Exemptive Order On Cross-border Application Letters

Better Markets Comment Letter to the CFTC on the CFTC Exemptive Order Regarding Compliance With Certain Swap Regulations (Cross-Border) August 21, 2013. Article Keywords: Cross-Border. Dodd-Frank Act.. Better Markets Comment Letters.

Exemptive Order On Cross-border Application Letters

The final guidance and exemptive order are not yet available, although drafts of these have been circulated (these are not attached). In addition, in advance of the approval, the CFTC staff has issued four no-action letters dealing with cross-border issues. See news story with the summary of these letters. Lofchie Comment.

Exemptive Order On Cross-border Application Letters

On March 9, 2020, Better Markets filed a comment on the Commodity Futures Trading Commission’s proposed rulemaking codifying and amending elements of its 2013 cross-border guidance. The proposal, in essence, sets forth a regulatory framework for the application of U.S. law to non-U.S. activities and non-U.S. legal entities posing direct and significant risks to the U.S.

CFTC Adopts Final Cross-Border Guidance and Exemptive.

Health Service Executive Cross-Border Healthcare Directive: Prior Authorisation Application Form (FOR INPATIENT CARE ONLY - Outpatient and Daycase care do not require prior authorisation) The HSE operates a Cross-Border Healthcare Directive (CBD), for persons entitled to public patient treatment in Ireland who is seeking to avail of that.Order ( Exemptive Order ), the Commission provides temporary conditional relief effective upon the expiration of the January Order in order to facilitate transition to the Dodd-Frank swaps regime. DATES: The Exemptive Order is effective July 13, 2013, and will expire December 21, 2013, or such earlier date specified in the Exemptive Order.The Commodity Futures Trading Commission has issued a final exemptive order regarding the cross-border application of certain swaps provisions in the.


The Commodity Futures Trading Commission has issued a final exemptive order regarding the cross-border application of certain swaps provisions in the Dodd-Frank Wall Street Reform and Consumer.We write to express our concerns over the sudden and costly departure that the U.S. Commodity Futures Trading Commission (the “CFTC” or the “Commission”) has proposed in its notice of proposed rulemaking titled Cross-Border Application of the Registration Thresholds and External Business Conduct Standards Applicable to Swap Dealers and Major Swap Participants (the “Proposed Cross.