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.