Finanse publiczne · 20.11.2012

Determination of Foreign Exchange Swaps and Foreign Exchange Forwards Under the Commodity Exchange Act

The Commodity Exchange Act ("CEA"), as amended by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act"), authorizes the Secretary of the Treasury ("Secretary") to issue a written determination that foreign exchange swaps, foreign exchange forwards, or both, should not be regulated as swaps under the CEA. The Secretary is issuing a determination that exempts both foreign exchange swaps and foreign exchange forwards from the definition of "swap," in accordance with the applicable provisions of the CEA.