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Pepper Hamilton Client Alert: Landmark Swap Rules Adopted by CFTC

At its Twenty-Ninth Meeting to consider rulemaking under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2012 (Dodd-Frank) on May 16, 2013, the U.S. Commodities Futures Trading Commission (CFTC) adopted three final rules that make significant progress towards completing its rulemaking agenda.

CFTC Chairman Gary Gensler commented, “Today the CFTC is voting on reforms that will make public transparency in the swaps market a reality … Though many of the 52 rules we have completed before today have brought transparency to the once opaque swaps market, today we take a significant step to open up this market.”

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