The US CFTC delays certain portions of Dodd-Frank

June 15, 2011 - PRLog -- The US Commodity Futures Trading Commission (CFTC) decided today, in a 5-0 commissioners’ vote, to propose delaying implementation of certain Dodd-Frank Act swap rules scheduled to take effect on July 16 to (at least) the end of the year. The delay will allow more time for the regulators to finalize certain rules which are still a work-in-progress, such as defining which banks, hedge funds and other firms are to be defined as swap dealers.

The delay does not apply to new Dodd-Frank rules governing retail Forex transactions, also set to take effect on July 16.

For more details please see our Forex Industry News section at http://www.leaprate.com/News.html#Delay

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