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CFTC Approves Final Cross-Border Swaps Rule and an Exempt SEF Amendment Order
The Commodity Futures Trading Commission at its open meeting today approved a final rule on the cross-border application of certain swap provisions under the Commodity Exchange Act (CEA). This completes another principal rulemaking implementing the Dodd-Frank Act, which was enacted 10 years ago this week. Just yesterday, the Commission approved a final rule on capital requirements for swap dealers and major swap participants, closing out all required rulemakings under Section 731 of the Act. [See CFTC Press Release No. 8210-20] The Commission today also approved an Amendment Order regarding European Union trading ... (full story)