Registration of Swap Dealers and Major Swap Participants

Résumé

The Commodity Futures Trading Commission ("Commission" or "CFTC") is proposing to adopt regulations that would establish the process for registering swap dealers ("SDs") and major swap participants ("MSPs," and collectively with SDs, "swaps entities"). The proposed regulations also would require swaps entities to become members of the National Futures Association ("NFA") and to confirm that persons associated with them are not subject to a statutory disqualification under the Commodity Exchange Act ("CEA") ("Proposal"). The Commission is making the Proposal in accordance with Section 4s of the CEA, which was recently added to the CEA by the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act").