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.]


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 Swap Participant Recordkeeping and Reporting, Duties, and Conflict of Interest Policies and Procedures; Futures Commission Merchant and Introducing Broker Conflict of Interest Policies and Procedures; Swap Dealer, Major Swap Participant, and Futures Commission Merchant Chief Compliance Officer; and

Proposed Rule:Procedure to Establish Appropriate Minimum Block Sizes for Large Notional Swaps and Block Trades; Further Measures to Protect the Identity of Parties to Swap Transactions (Reproposal)

What: Open meeting to consider two final rules and one proposed rule under the Dodd-Frank Act

When: CFTC Headquarters Conference Center, Three Lafayette Centre, 1155 21st Street, NW, Washington, DC 20581

Where: Delayed, possibly to March 7 or 9, 2012, 9:30 a.m.

Viewing/Listening Information: Watch a live webcast of the meeting at

Call-in to a toll-free telephone line to connect to a live audio feed.

Call-in participants should be prepared to provide their first name, last name and affiliation. Conference call information is listed below:

Domestic Toll Free: 866-844-9416

International Toll: Under Related Links

Call Leader Name: CFTC

Participant Passcode: CFTC