CFTC Adopts Rule Removing ''Exempt Markets'' Regulations (Fed. Reg.)

The CFTC removed Part 36 ("Exempt Markets") regulations that implemented CEA provisions that established exempt boards of trade ("EBOTs") and exempt commercial markets ("ECMs") – two categories of derivatives-trading platforms that were eliminated from the CEA by Title VII ("Wall Street Transparency and Accountability") of the Dodd-Frank Act. The final rule will also remove various cross-references in other CFTC regulations regarding EBOTs and ECMs. The final rule is effective on October 2, 2015.