CFTC Part 40 Final Rulemaking

On July 19, the CFTC issued final rules to establish a new procedural framework for the submission of new products, rules, and rule amendments by designated contract markets, derivatives clearing organizations, swap execution facilities, and swap data repositories. The final rules also require a systemically important derivatives clearing organization (SIDCO) to provide the CFTC with 60-day advance notice of any proposed change to its rules or procedures that could materially affect the nature or level of risks presented by the SIDCO. The final rules will be effective 60 days after publication in the Federal Register. CFTC Fact Sheet. CFTC Final Rules.