Why the Reach of U.S. Derivatives Law Matters (with important updates on Singapore and Europe) In Spielberg’s 1982 classic movie E.T., a young boy named Elliott discovers the film’s namesake – a stranded alien – while fetching pizza in the garage. The film takes a dark turn when Elliott and E.T., having developed a psychic connection with each other, become gravely ill. Government agents seize and quarantine them, but they eventually escape and E.T. lifts Elliott’s bike telekinetically to avoid sure capture by the agents. Now, thirty years later, “E.T.” is all the rage once again. E.T. also refers to “extraterritoriality,” or the question of whether the laws of one jurisdiction apply outside of that jurisdiction. Recently, the application of U.S. law to financial transactions (including derivatives) executed abroad has become a topic of great interest. And though this new…

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Key Swap Dealer/MSP Rule Delayed…Again Today the CFTC and SEC delayed the vote on the final rule for the entity definitions that had been scheduled for this Thursday, February 23rd. It’s possible that the rule could be voted on and approved on March 7th or 9th. We’ll update you all as soon as we hear more. Stay tuned. This is probably the most important rule to be released yet. [And if you can’t stay tuned, give us a call and we’ll give you give you a summary.] PRESS RELEASE The Commodity Futures Trading Commission (CFTC) will hold a public meeting on Thursday, February 23, 2012, at 9:30 a.m. EST, on the following topics: Final Rule: Further Definition of “Swap Dealer,” “Security-Based Swap Dealer,” “Major Swap Participant” “Major Security-Based Swap Participant” and “Eligible Contract Participant;” Final Rule: Swap Dealer and Major…

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Impact on Equity REITs Impact on Equity REITs Guide

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Impact on Private Equity Funds Impact on Private Equity Funds Guide

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Impact on Mortgage REITs and Structured Finance Companies Impact on Mortgage REITs and Structured Finance Companies Guide

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Impact on Private Real Estate Funds Impact on Private Real Estate Funds Guide

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Impact on Non-Financial End Users Impact on Non-Financial End Users Guide

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