The Securities and Exchange mission and the modity Futures Trading mission (CFTC) have approved for publication in the Federal Register a request for public ment that is expected to assist in nducting a joint study on stable value ntracts.
Additional Materials
- Request for ment
- Submit ments
Title VII of the Dodd-Frank Wall Street Reform and nsumer Protection Act provides for the prehensive regulation of swaps and security-based swaps and includes definitions of key terms relating to such regulation. It requires the SEC and CFTC to jointly nduct a study to determine whether stable value ntracts fall within the definition of a swap, and if so, whether exempting such ntracts from the swap definition is appropriate and in the public interest.
The Dodd-Frank Act calls for the SEC and CFTC to make the determination in nsultation with the Department of Labor, the Department of the Treasury, and the state entities that regulate the issuers of stable value ntracts.
Public ments must be received on or before 30 days after publication in the Federal Register. |