CFTC Issues Final Interpretative Guidance to Clarify Foreign

[admin]

CFTC Issues Final Interpretative Guidance to Clarify Foreign Regulators Indemnification and Confidentiality Obligations
10/22/2012 04:08 PM EDT

The Commodity Futures Trading Commission (Commission) today issued final Interpretative Guidance to, under certain circumstances, exempt foreign regulators from the indemnification and confidentiality provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). This exemption applies generally to data that is reported pursuant to foreign law and if the swap data repository (SDR) is registered, recognized, or otherwise authorized by the country’s law and regulation. The Commission voted 3 to 2 via seriatim to issue this Interpretative Guidance, which will become effective upon publication in the Federal Register.
http://links.govdelivery.com/track?type ... 94-12.html