The Commodity Futures Trading Commission has revealed the 30 areas in which it is working to introduce new rules, as a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which became law yesterday.
Gary Gensler, CFTC chairman, said the Act required it to finish introducing the new rules within a year, with some topics having to be finished in 90, 180 or 270 days.
The rule-writing tasks have been divided into eight groups, as follows:
Comprehensive regulation of swap dealers and major swap participants
I Registration
II Definitions, such as swap dealer, major swap participant, security-based swap dealer and major...