The Commodity Futures Trading Commission (CFTC) announced that the Global Markets Advisory Committee (GMAC) will hold a public meeting on February 12, 2014, to discuss CFTC Staff Advisory 13-69 (Staff Advisory).
The Staff Advisory interpreted the CFTC’s Cross-Border Guidance to require a non-U.S. swap dealer to comply with particular CFTC regulations when it enters into a swap with a non-U.S. counterparty if the swap is arranged, negotiated or executed by personnel or agents of the non-U.S. swap dealer located in the U.S.
You can find Skadden’s analysis of the CFTC’s Cross-Border Guidance here and analysis on the Staff Advisory here.
Dates
The GMAC meeting will be held at the CFTC’s Washington, D.C. headquarters from 2-5 p.m. on Wednesday, February 12, 2014. The meeting will also be broadcast on a live audio call-in telephone feed. Dial-in details are available here.
The deadline to submit written statements in connection with the meeting is February 6, 2014.
This memorandum is provided by Skadden, Arps, Slate, Meagher & Flom LLP and its affiliates for educational and informational purposes only and is not intended and should not be construed as legal advice. This memorandum is considered advertising under applicable state laws.