Monthly Archives: July 2012

Final Rule – Swap Transaction Compliance and Implementation Schedule

The U.S. Commodity Futures Trading Commission is adopting regulations to establish a schedule to phase in compliance with the clearing requirement under new section 2(h)(1)(A) of the Commodity Exchange Act (CEA or Act), enacted under Title VII of the Dodd-Frank … Continue reading

Posted in CFTC, Commodity Trading, Dodd-Frank, Oil & Gas, Power, Regulation

Final Rule – End-User Exception to the Clearing Requirement for Swaps

The U.S. Commodity Futures Trading Commission is adopting final regulations to implement certain provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act: 17 CFR Part 39 End-User Exception to the Clearing Requirement for Swaps View more rules on … Continue reading

Posted in CFTC, Commodity Trading, Dodd-Frank, Oil & Gas, Power, Regulation

CFTC Concludes that Certain Gas Transportation Agreements May Be Swaps

Natural gas traders should note that the CFTC has concluded that the definition of swap (which includes commodity options) includes the right to use gas transportation via the payment of a demand charge or reservation fee if the exercise of … Continue reading

Posted in CFTC, Dodd-Frank, Oil & Gas, Regulation

Final Rule – Second Amendment to July 14, 2011 Order for Swap Regulation

The U.S. Commodity Futures Trading Commission is adopting new and amended rules, guidance, and acceptable practices to implement certain statutory provisions enacted by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act. On May 16, 2012, the … Continue reading

Posted in CFTC, Commodity Trading, Dodd-Frank, Oil & Gas, Power, Regulation

Cadwalader Advises on Acquisition of AES Eastern Power Plant Assets by Somerset

Cadwalader, Wickersham & Taft LLP is pleased to announce the closing on June 29, 2012, of the acquisition by Somerset Cayuga Holding Company, Inc. (“Somerset Cayuga Holding Company”) and its wholly-owned subsidiaries, Somerset Operating Company, LLC and Cayuga Operating Company … Continue reading

Posted in FERC, Power, Regulation

CFTC Adopts Final Rules and Interpretations Further Defining Products and Final End-User Clearing Exception Rule; Proposes Clearing Exception for Swaps Entered into by Certain Cooperatives

The Commodity Futures Trading Commission held an open meeting yesterday, July 10, 2012, to consider Final Rules and Interpretations (i) further defining the terms “swap,” security-based swap,” “security-based swap agreement,”(ii) regarding mixed swaps, and (iii) governing books and records for … Continue reading

Posted in CFTC, Dodd-Frank, Oil & Gas, Power, Regulation, SEC