On August 4, the CFTC adopted final rules which generally permit the transaction of swaps in an agricultural commodity and provides that agricultural swaps will be subject to all rules and regulations applicable to any other swap. The rules will be effective on December 31. CFTC Fact Sheet Agricultural Swaps. CFTC Q&A Agricultural Swaps.
agricultural swaps
CFTC ANPR on Agricultural Swaps
On September 28, the CFTC issued an advance notice of proposed rulemaking and request for comment on the conditions, restrictions, or protections to be included in a regulation governing the trading of agricultural swaps. Under the Dodd-Frank Act, swaps in an “agricultural commodity” are prohibited unless they are entered into pursuant to a regulation to be adopted by the CFTC. Comments must be received on or before October 28. CFTC ANPR.