WASHINGTON, Oct. 19 -- Commodity Futures Trading Commission has issued a proposed rule called: Further Definition of "Swap"-Inclusions.
The proposed rule was published in the Federal Register on Oct. 19 by Christopher Kirkpatrick, Secretary of the Commission.
Summary: Consistent with its jurisdiction over swaps, the Commodity Futures Trading Commission ("Commission" or "CFTC") is proposing to further define the term "swap" to explicitly include event contracts, including those based on sports-, politics-, cultural-, and weather-related events (the "Proposal").
For more information, contact Tyler S. Badgley, General Counsel; Aaron M. Levine, Deputy General Counsel for Regulation, rulemaking@cftc.gov, 202-418-5000, Office of the General Co...