CFTC Finalizes Guidance on Cross-Border Application of Dodd-Frank Swap Provisions

  • 8.21.2013 | 12:00 PM - 1:00 PM

Paul Architzel

The Commodity Futures Trading Commission (CFTC) has issued its much anticipated final guidance on the cross-border application of the swaps provisions of the Commodity Exchange Act, as added by Title VII of the Dodd-Frank Act (Final Guidance). The Final Guidance will be of interest to all persons who conduct cross-border swaps transactions, and will have far-reaching effects for many. The Final Guidance became effective on July 26, 2013, the date of publication in the Federal Register. However, in a companion release, the CFTC also issued an exemptive order delaying compliance with several of the requirements in the Final Guidance (Exemptive Order). This webcast addresses many of the significant issues discussed in the Final Guidance, including interpretation of the "U.S. Person,” registration issues, foreign branches, substituted compliance, regulatory requirements, application to non-registrants and compliance dates.

WilmerHale Partner Paul Architzel and Special Counsel Gail Bernstein are featured speakers at this webinar, hosted by Thomson Reuters and West LegalEdcenter.