The Commodity Futures Trading Commission (CFTC) today issued a Final Order regarding the effective date for swap regulation. On July 14, 2011, the CFTC granted temporary exemptive relief from certain provisions of the Commodity Exchange Act that otherwise would have taken effect on July 16, 2011, the general effective date of title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act. On October 25, 2011, the CFTC proposed to extend the exemptive relief beyond the December 31, 2011, expiration date. Today’s Final Order addresses the comments received on the October 25, 2011, Notice of Proposed Amendment, and extends the potential latest expiration date of the exemptive relief to July 16, 2012.
