On Jan. 9, CFTC issued part 3, 9 regulation on market discipline.
- Integrate existing advisory guidance, incorporate swap execution facilities (SEFs),
and update provisions currently applicable to designated contract markets (DCMs).
CFTC Revisions
- Part 3 governs registration of intermediaries; while Part 9 details the rules related
to CFTC review of exchange disciplinary, access denial, and other adverse actions. - Amendments revise Part 9 rules to delete cross-references to deleted Part 8 rules.
- Add citation to parallel provisions, contained in Part 37 for SEFs, Part 38 for DCMs.
- The CFTC removed Part 8 rules, during the implementation of the Dodd-Frank Act.
- Require publication of disciplinary and denial action by SEFs and DCMs on website.
NFA Notice
- CFTC also updated notice, that allows NFA to receive exchange disciplinary notices.
Effectiveness
- Final rules are effective in 60 days after date of publication in the federal register.
