CFTC Interpretation on Anti-Fraud Authority

On December 2, the CFTC announced an Interpretation related to its anti-fraud authority under the Dodd-Frank Act. The Interpretation provides: (i) the CFTC’s view of the meaning of the term “actual delivery” under Section 732(a) of the Dodd-Frank Act and (ii) guidance on how the CFTC will determine if the actual delivery exception applies to a transaction. Comments on the Interpretation must be submitted within 60 days of publication in the Federal Register. CFTC Release.