CFTC to propose swaps definition plan on April 27

(Reuters) – The U.S. futures regulator said on Wednesday it will issue its long-awaited swaps definition proposal next week, the last of its major rules from the recent financial reform legislation to be introduced.

The U.S. Commodity Futures Trading Commission has issued first drafts of more than 40 regulations to implement the derivatives reforms in the Dodd-Frank law, but until now has not released definitions for swaps products to be covered by those rules.

The agency also said it will propose capital requirements for swap dealers and major swap participants at its 14th rule-making session on April 27.

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