CFTC Adopts Customer Property Segregation and Other Swap Regulations; Proposes Volcker Rule

January 31, 2012
The Commodity Futures Trading Commission (CFTC) finalized three important rules and proposed one additional rule addressing the treatment of collateral posted for cleared swaps, the registration and business conduct requirements applicable to swap dealers and major swap participants, and the CFTC-specific provisions of the “Volcker Rule.” This update examines these new rules, which will have direct and indirect implications for mutual funds, private funds, separately managed accounts and other users participating in the commodity markets.