What is the CEA CFTC?
The Commodity Exchange Act (CEA) regulates the trading of commodity futures in the United States. Passed in 1936, it has been amended several times since then. The CEA establishes the statutory framework under which the CFTC operates.
What does substituted compliance mean?
Substituted compliance is a mechanism that allows the Commission to determine that certain participants in U.S. security-based swap markets may satisfy certain requirements under the Securities Exchange Act of 1934 (“Exchange Act”) and the rules and regulations thereunder by complying with comparable non-U.S. …
Who regulates the CFTC?
the US government
The Commodity Futures Trading Commission (CFTC) is an independent agency of the US government created in 1974, that regulates the U.S. derivatives markets, which includes futures, swaps, and certain kinds of options….Commodity Futures Trading Commission.
What is a swap dealer under Dodd Frank?
According to Section 721 of the Dodd-Frank Act, a swap dealer is an entity that: Holds itself out as dealer in swaps; Makes a market in swaps; Regularly enters into swaps with counterparties as an ordinary course of business for its own account; or.
Does NFA Compliance Rule 2 4 just and equitable principles of trade applies only to swap dealers?
Previously, NFA Compliance Rule 2-4 only applied with respect to futures business. The amended rule now incorporates swaps, and applies to swap dealers and major swap participants and the swaps activities of futures commission merchants, introducing brokers, commodity pool operators and commodity trading advisors.
What is the’commodity futures trading commission-CFTC’?
What is the ‘Commodity Futures Trading Commission – CFTC’. The Commodity Futures Trading Commission (CFTC) is an independent U.S. federal agency established by the Commodity Futures Trading Commission Act of 1974. The Commodity Futures Trading Commission regulates the commodity futures and options markets.
What does CFTC stand for?
The Commodity Futures Trading Commission (CFTC) is an independent U.S. federal agency established by the Commodity Futures Trading Commission Act of 1974.
Who is required to register with the CFTC?
Any intermediaries, entities that act as agents for other people when dealing with futures, swaps, and options, must register with the CFTC. These include commodity pool operators and advisors, futures commission merchants, introducing brokers, and swap dealers.
What is the CFTC-SEC Cooperation Committee?
A committee that focuses on cooperation between the CFTC and Securities and Exchange Commission (SEC) is inactive. 3 Members of the committees represent specific industries, traders, futures exchanges, commodities exchanges, consumers, and environmental groups.