The Division of Swap Dealer and Intermediary Oversight ("DSIO") issued a no-action letter effectively providing a temporary definition of the term "U.S. person" for purposes of the calculations necessary to determine whether an entity is an SD or an MSP. Until the end of the year, or such later date as the CFTC says otherwise, the following are to be treated as U.S. persons: (i) A natural person who is a resident of the United States;(ii) A corporation, partnership, limited liability company, business or other trust, association, joint-stock company, fund or any form of enterprise similar to
News & Insights
IFUS has implemented block trade requirements for energy futures and options contracts effective Monday, October 15. This comes in connection with the transition of ICE OTC energy swaps to energy futures and options on IFUS. IFUS announced that all energy block trades must comply with the same Exchange and CFTC requirements already in place for allowable block trades at IFUS. It is further noted that on Wednesday, October 17, IFUS will implement revised block minimums as detailed in this rule filing. This notice supersedes the October 12 Exchange Notice. The attached FAQ covers the following
ICE announced that the IFUS Error Trade Policy will apply to all IFUS energy products effective October 15. This comes in connection with the transition of ICE OTC cleared energy swaps to energy futures and options on IFUS. See: ICE Advisory Notice (links externally ICE website). See also: IFUS Error Trade Policy.
On October 8, 2012, ICE OTC issued an advisory notice announcing position limits and accountability levels for the North American natural gas, electric power and environmental contracts that will be transitioned to futures on IFUS. The position limits, accountability levels and product aggregations have since been amended. See: ICE Advisory Notice (links externally to ICE website).
Rule proposal from the OCC, FRB, CFPB, FHFA, NCUA, and FDIC. OCC, FRB, CFPB, FHFA, NCUA, FDIC: Proposed Rule and Comment Request - Appraisals for Higher-Risk Mortgage Loans