Consilium 4 July 2011 A debate took place during which amendments to the Proposal were put forward and debated. The rapporteur stressed that the key points of the proposed Regulation are the following: uniform requirements for derivatives contracts specific provisions to improve the transparency and risk management of the over-the-counter (OTC) derivatives market uniform requirements for the performance of activities of Central counterparties (CCPs) and trade repositories. He also stated that the Parliament would like to limit the scope of the Regulation to OTC derivatives. No attempts of the

Open Meeting on Four Final Rule Proposals and One Proposed Rule under the Dodd-Frank Act CFTC Press Release 6070-11 July 19, 2011 Opening Statement, Second Open Meeting to Consider Final Rules Pursuant to the Dodd-Frank Act In her opening statement for a meeting that took place last week, CFTC Commissioner Sommers echoes Commissioner O'Malia's call for "a thoughtful plan on how the Commission will logically sequence its consideration of final rules, along with a transparent implementation plan that will allow for a reasonable phased-in approach," and expresses her opposition to two proposed

Testimony Before the U.S. Senate Committee on Banking, Housing and Urban Affairs July 21, 2011 The CFTC chairman testifies on the financial crisis, the role of derivatives markets in contributing to that crisis, the virtues of the Dodd-Frank Act, and the CFTC's implementation of the Act. Cross References Dodd-Frank Act, Title VII

SEC Release No. 34-64913 July 19, 2011 The SEC adopted technical amendments to its rules relating to the process by which firms may request exemptive relief under Section 36 of the Exchange Act.The amendments update certain website references and eliminate certain formatting requirements. Cross References Exchange Act § 36

July 14, 2011 76 FR 41398 The CFTC is adopting final rules that broadly prohibit fraud and manipulation in connection with any swap, or contract of sale of any commodity in interstate commerce, or contract for future delivery on or subject to the rules of any registered entity. Cross References Dodd-Frank Act, Title VII, Sec. 753; 17 CFR Part 180