Who is regulated by the CFTC?
What Does the CFTC Regulate? The CFTC regulates the U.S. derivatives markets. This includes the commodity futures, options, and swaps markets as well as over-the-counter (OTC) markets.
What is a CFTC US person?
It is important for end users to understand whether they are “U.S. person,” and if not to determine the applicable category of “non-U.S. person.” “U.S. person” New CFTC Rule 23.23(a)(23) defines a U.S. person as: An estate of a decedent who was a resident of the United States at the time of death.
What is the difference between NFA and CFTC?
NFA is the sole registered futures association. The CFTC’s Division of Swap Dealer and Intermediary Oversight (DSIO) is the CFTC component charged with oversight of NFA and its duties. NFA works very closely with the CFTC in all of its activities.
Who is required to register with CFTC?
The Commodity Exchange Act (CEA) requires certain firms and individuals that conduct business in the derivatives industry to register with the CFTC. CFTC regulations also require, with few exceptions, CFTC registered firms to be NFA Members. The CFTC has delegated registration responsibility to NFA.
How many employees does CFTC have?
668
Commodity Futures Trading Commission
| Agency overview | |
|---|---|
| Headquarters | 1155 21st Street, NW, Washington, D.C. |
| Employees | 668 (2018) |
| Agency executive | Rostin Behnam, Chairman |
| Website | www.cftc.gov |
Do Non US swap dealers have to comply with CFTC?
November 2013: The CFTC Division of Swap Dealer and Intermediary Oversight (DSIO) issued an advisory stating that a non-U.S. SD that regularly uses personnel or agents in the U.S. to “arrange, negotiate, or execute” a swap with a non-U.S. person (ANE Transaction) would generally be required to comply with certain …
Does Dodd-Frank apply to non US entities?
While the Dodd-Frank Act is primarily targeted at US financial institutions and US markets, it will have both a direct and indirect impact on financial institutions and markets outside the US.
What is NFA in us?
NFA is the industrywide, self-regulatory organization for the U.S. derivatives industry. Designated by the CFTC as a registered futures association, NFA strives every day to safeguard the integrity of the derivatives markets, protect investors and ensure Members meet their regulatory responsibilities.
Who regulates swap markets?
the Securities and Exchange Commission
Under this framework, the Securities and Exchange Commission regulates security-based swaps, the Commodity Futures Trading Commission regulates swaps, and the two agencies jointly regulate mixed swaps.