77 FR XXXX The CFTC is authorizing the National Futures Association (NFA), to take the following actions: to process and grant applications for registration and withdrawals of registration with respect to swap dealers (SDs) and major swap participants (MSPs), and to notify of provisional registration; to confirm initial compliance with requirements applicable to SDs and MSPs under CEA Section 4s; to conduct proceedings to deny, condition, suspend, restrict or revoke the registration of any SD or MSP or of any applicant for registration in either category; to maintain records regarding SDs and

77 FR XXXX The CFTC is issuing regulations which subject each person who meets the definition of an SD or MSP to the registration provisions under the CEA and to Part 3 of the Commission's regulations. Additionally, the Commission is issuing Regulation 170.16, which provides that each registered SD or MSP must become and remain a member of a registered futures association. The Commission is also adopting regulations that define an "associated person" of an SD or MSP as a natural person and that implement the prohibition on a Swaps Entity permitting an associated person who is statutorily

77 FR XXXX The CFTC is adopting regulations pertaining to the protection of cleared swap customer contracts and related collateral. Specifically, the regulations impose requirements on FCMs and DCOs) regarding the treatment of cleared swaps customer contracts (and related collateral), and make conforming amendments to bankruptcy provisions applicable to commodity brokers under the CEA. Significantly, the CFTC rules adopted a model entitled the "Legally Segregated Operationally Commingled Model" or the "Complete Legal Segregation Model" that allows the collateral of all of an FCM's cleared

Futures Industry The FIA announced that its board of directors has appointed Walter Lukken as president and chief executive officer. Lukken brings to the FIA many years of experience in government as well as expertise in the mechanics of clearing, a critically important issue for the FIA and its members. He succeeds John Damgard, who has been the head of the association since 1982. The appointment concluded a selection process that began in March 2011, when Damgard announced his plans to retire. Lukken will take up the new position in time for the next annual meeting of the FIA board of

ISDA/SIFMA filed an Emergency Motion to Stay Rule, requesting that the Court of Appeals stay the effective date of the Position Limits for Futures and Swaps; Final Rule and Interim Final Rule, including all its new provisions codified in 17 C.F.R. § 151 and its revisions to 17 C.F.R. § 1, while this litigation is pending. See attached for the full pleading. Effective date: March 9, 2012. The pleading in promulgating its rule "the Commission deemed itself liberated from this most basic constraint on regulatory decision making, it adopted onerous limits without a reasoned basis"; that it "failed