MF Global Trustee's Press Release The Trustee for the liquidation of MF Global Inc., announced that U.S. Bankruptcy Judge Martin Glenn today approved the Trustee's request for approval of a bulk transfer and distribution to former MF Global Inc. retail commodities customers with US futures positions, which should result in those account holders receiving approximately 72% of their property." Cross References: CEA Section 4d; CFTC Rules 30.7 Part 190; Lofchie's Guide to CPO/CTA Regulation: Chapter 12, Insolvency.
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Joint Statement on OTC Derivatives Leaders and senior representatives of the authorities responsible for regulation of the over-the-counter derivatives markets in Canada, the European Union, Hong Kong, Japan, Singapore and the United States met yesterday in Paris. The meeting included CFTC Chairman Gary Gensler. In the meeting, the authorities addressed the cross-border issues related to the implementation of new legislation and rules to govern the OTC derivatives markets in their respective jurisdictions. At the conclusion of the meeting, the authorities agreed to continue bilateral
CFTC Press Release 6153-11 Agenda The CFTC announced that the CFTC's Technology Advisory Committee will hold a public meeting on December 13, 2011. The meeting will focus on three significant issues facing the futures and swaps industries as the Commission continues to finalize rules under the Dodd-Frank Act. Those issues are: (1) what we can expect to see in the new trading environment of swap execution facilities; (2) defining, classifying, and observing high frequency traders and their impact on the markets; and (3) and interim recommendations from the Subcommittee on Data Standardization
CFTC Press Release 6156-11 Large Trader Reporting for Physical Commodity Swaps: Division of Market Oversight Guidebook for Part 20 Reports The CFTC's Division of Market Oversight today issued a Guidebook for Part 20 Reports providing additional guidance and detailed instructions for submitting large swaps trader reports to the Commission. On July 22, 2011, the Commission published a new Part 20 of the Commission's Regulations in the Federal Register that requires large trader reports for physical commodity swaps. The Guidebook includes a data dictionary for mapping data elements to a record
CFTC Press Release 6154-11 Order: Merrill Lynch Commodities, Inc. The CFTC announced that Merrill Lynch Commodities, Inc. (MLCI) agreed to pay a $350,000 civil monetary penalty to settle CFTC charges that it exceeded speculative position limits in Cotton No. 2 futures contracts in trading on the IntercontinentalExchange U.S. (ICE). According to the CFTC order, MLCI held net futures equivalent positions in Cotton No. 2 futures contracts in excess of CFTC speculative position limits on ICE over four consecutive days from January 31, 2011, through February 3, 2011. Cross References: Dodd Frank