Trade groups chime in on CFTC’s latest cross-border proposals

A group of industry associations critiqued the Commodity Futures Trading Commission’s most recent attempt to define the cross-border application of new derivatives rules enacted under the Dodd-Frank Act. Read on to learn what the associations had to say about the CFTC’s proposed U.S. person definition and requirements related to calculating whether firms’ swap dealing activities surpass the de minimis threshold for swap dealer registration.