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"CFTC Issues Final Guidance and Accompanying Exemptive Order on Cross-Border Application of Certain Swap Regulations"

The CFTC recently adopted final guidance on how Dodd-Frank requirements will apply to cross-border swap activities and issued an order on the phased-in implementation of the new rules. CFTC Commissioner Bart Chilton calls the guidance the agency's most complicated undertaking in the past three years.

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