CFTC Approves Application of Chicago Mercantile Exchange, Inc. for Provisional Registration as a Swap Data Repository

CFTC Approves Application of Chicago Mercantile Exchange, Inc. for Provisional Registration as a Swap Data Repository

The U.S. Commodity Futures Trading Commission (CFTC) on November 20, 2012, approved the application of Chicago Mercantile Exchange, Inc. for provisional registration as a swap data repository pursuant to section 21 of the Commodity Exchange Act and section 49.3(b) of the Commission’s regulations.


CFTC Updates

CFTC’s Office of General Counsel Responds to Questions Regarding Certain Physical Commercial Agreements for the Supply and Consumption of Energy

Washington, DC — Today, the Commodity Futures Trading Commission’s (CFTC) Office of General Counsel (OGC) is providing its view, in the form of an answer to frequently asked questions (FAQ), in response to questions from market participants and other interested parties regarding the classification of certain physical commercial agreements for the supply and consumption of energy that provide flexibility set forth in the CFTC’s joint Federal Register release with the Securities and Exchange Commission entitled Further Definition of “Swap”; “Security-Based Swap”; and “Security-Based Swap Agreement”; Mixed Swaps; Security-Based Swap Agreement Recordkeeping (“Release”).

OGC is issuing this FAQ to help market participants and other interested parties better understand and apply the three-part test set forth in the Release for determining when such physical commercial agreements should not be considered to be commodity options.

Please contact the CFTC Office of Public Affairs at 202-418-5080 with any media inquiries.


CFTC Seeks Public Comment on Request from ICE Clear Europe Limited for Order Permitting Portfolio Margining of Swaps and Security-Based Swaps in a Customer Account

  • The Commodity Futures Trading Commission (Commission) is requesting public comment on a petition submitted by ICE Clear Europe Limited (ICE Clear Europe) for an order pursuant to Section 4d(f) of the Commodity Exchange Act (Act).

The following Proposed Rule has been published:

  • 77 FR 67866
    17 CFR Parts 1, 3, 22, 30, and 140 Enhancing Protections Afforded Customers and Customer Funds Held by Futures Commission Merchants and Derivatives Clearing Organizations

Capital Alpha Partners on CMC Policy Call

Joe Engelhard of Capital Alpha Partners discussed the possible outcomes of financial regulatory initiatives on this week’s call. He sees the regulatory climate being busy for anyone affected by international land domestic financial rules. On the US legislative front, he expects marginal changes but no wholesale repeal of the Dodd-Frank law.

CFTC’s Division of Clearing and Risk Issues Temporary Compliance Delay Due to Hurricane Sandy

CFTC’s Division of Clearing and Risk Issues Temporary Compliance Delay Due to Hurricane Sandy

Due to the damage caused by Hurricane Sandy, the staff of the Commodity Futures Trading Commission’s Division of Clearing and Risk today issued a no-action letter to temporarily delay the compliance date for the Commission’s Part 22 rules, which set forth segregation requirements for cleared swaps and associated cleared swaps customer collateral, from November 8, 2012 to November 13, 2012.

CFTC Global Markets Advisory Committee Meeting

Commodity Futures Trading Commission’s Global Markets Advisory Committee to Meet November 7, 2012

The Commodity Futures Trading Commission (CFTC) will convene a meeting of its Global Markets Advisory Committee (GMAC) on Wednesday, November 7, 2012, to obtain the views of international regulators, futures industry professionals, and market participants on cross-border issues related to OTC derivatives reform implementation.

Farm Foundation Forum Event

What the 2012 election means for agriculture, food and rural policy will be the focus of the Farm Foundation® Forum on Wednesday, Nov. 14, 2012.  The Forum will be 9 a.m. to 11 a.m. EST at the National Press Club, 529 14th St. NW, Washington D.C.

For those unable to attend the Forum at the Press Club, a live webcast will be available free of charge.  This will be the first time Farm Foundation, NFP has webcast the Forum, though audio of the sessions has been provided for several years.

“By their votes on Nov. 6, citizens will set the stage for the next four years of the nation’s policy development at both the state and federal level,” says Foundation President Neil Conklin. “This Forum is an opportunity to examine how those elections may specifically impact agriculture, food and rural policies in the months ahead.”

Speakers providing insights on potential policy developments will be:

  • Craig Jagger, Legis Consulting
  • Ferd Hoefner, Policy Director, National Sustainable Agriculture Coalition
  • Robert Paarlberg, Professor of Political Science, Wellesley College
  • Christopher Waldrop, Director of the Food Policy Institute, Consumer Federation of America
  • John Hardin, Indiana farmer
  • Erik Johnston, Associate Legislative Director for Agriculture and Rural Affairs, National Association of Counties

After their brief presentations, the floor will be opened for discussion.

There is no charge to participate in the Forum–either in person or by webcast.

To attend in person, please RSVP by sending an e-mail to Farm Foundation, NFP by noon Monday, Nov. 12.

To participate via webcast, please register at: 

Who should participate in the Forum:  People with an interest in agricultural, food and rural policy, including members of Congress, congressional staff, executive branch officials, industry representatives, NGO representatives, academics and members of the media.

The Forum:  Farm Foundation, NFP organizes these public forums to engage all stakeholders in informed dialogue on food, agricultural and rural policies.  Participants examine current policies, explore and analyze alternative policy proposals, and give voice to new proposals.