CFTC Further Extends Relief from Advisory on Transaction-level Requirements for Non-US Swap Dealers | Practical Law
The CFTC further extended to September 30, 2015 relief previously granted to non-US swap dealers (SDs) from certain Dodd-Frank swap transaction-level requirements applicable to swaps entered into by SDs with non-US persons that are not guaranteed affiliates or conduit affiliates of a US person when the swap is negotiated, arranged or executed in the US. The rule was the subject of a controversial 2013 staff advisory which was upheld in federal court earlier this year.