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  • Article

    CFTC Approves Final Rule For Uncleared Swaps Margin Requirements

    The CFTC approved, by a 2-1 vote, the final rule governing margin requirements for uncleared swaps for swap dealers and major swap participants.
    United StatesFinance and Banking
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP
  • Article

    CFTC Approves Final Rule On Records Of Commodity Interest And Related Transactions

    The CFTC approved a final rule amending the recordkeeping obligations for certain market participants under Commission Regulation 1.35(a).
    United StatesFinance and Banking
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP
  • Article

    CFTC Extends Relief From OCR Final Rule's Reporting Requirements

    The CFTC's DMO issued a no-action letter extending the current relief and provides additional relief to reporting parties from reporting obligations required by the ownership and control reports final rule.
    United StatesFinance and Banking
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP
  • Article

    CFTC Further Implements Trade Execution Requirement

    The CFTC's Division of Market Oversight further extended the time-limited no-action relief for swaps executed as part of a package transaction in categories currently receiving relief under CFTC Letter 15-55.
    United StatesFinance and Banking
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP
  • Article

    CFTC Issues Guidance Regarding MiFID II Commodity Trading Advisor Registration Requirements

    The CFTC's Division of Swap Dealer and Intermediary Oversight issued interpretative guidance stating that a futures commission merchant (FCM), swap dealer (SD), ...
    United StatesFinance and Banking
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP
  • Article

    CFTC Issues Position Limits Rule Proposal

    The CFTC released a supplemental rule to its December 2013 position limits proposal that will modify the procedures proposed for persons seeking exemptions from speculative position limits for non-enumerated bona fide hedging.
    United StatesFinance and Banking
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP
  • Article

    CFTC Issues Relief Regarding Capital Treatment Of Deferred Tax Liabilities From Accounting Principles Changes

    The CFTC's Division of Swap Dealer and Intermediary Oversight issued no-action relief to registered futures commission merchants and introducing brokers to exclude deferred tax liabilities...
    United StatesFinance and Banking
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP
  • Article

    CFTC Issues Time-Limited No-Action Relief For DCO Swap Clearing

    The CFTC's Division of Market Oversight announced time-limited no-action relief to DCOs and reporting entities for certain swaps reporting obligations amended by a CFTC Final Rule published on June 27.
    United StatesFinance and Banking
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP
  • Article

    CFTC Postpones Enforcement Of Collateral Rule For Swap Dealers

    The CFTC will allow more time for swaps dealers to comply with collateral requirements scheduled to take effect March 1, aiming to ease concerns that global markets could face disruptions...
    United StatesFinance and Banking
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP
  • Article

    CFTC Reports Significant Reduction In Enforcement Actions In 2017

    The CFTC released its enforcement results for the fiscal year ending Sept. 30, 2017, which revealed the agency brought 49 enforcement actions, down 28% from the 68 it brought the previous year.
    United StatesFinance and Banking
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP
  • Article

    Context Adds Rowe As Chief Strategy Officer

    Alternative mutual fund firm Context Asset Management hired Matt Rowe as chief strategy officer, responsible for investments, strategy, risk management, distribution, operations and marketing.
    United StatesFinance and Banking
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP
  • Article

    Credit Suisse Liquid Alternative Index Reverses Recent Trend To Post February Increase

    The Credit Suisse Liquid Alternative Beta Index increased 0.13% in February, the first positive result posted in three months after it lost 1.42% in January, 1.47% in December and 0.63% in November.
    United StatesFinance and Banking
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP
  • Article

    DOL Seeks To Quell Lawsuit Fears Due To Fiduciary Rule

    Deputy assistant secretary Timothy Hauser also says liability exposure is relative to portfolio size, so regulation shouldn't prevent serving clients with modest assets
    United StatesFinance and Banking
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP
  • Article

    FIA CEO Expresses Concerns Over Cryptocurrency Self-Certification Process

    In a Dec. 6 open letter to CFTC chairman Christopher Giancarlo, FIA CEO and President Walt Lukken outlined concerns with the process in which cryptocurrency futures have come to market.
    United StatesFinance and Banking
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP
  • Article

    Financial Institutions Expanding Investment In Regulatory Compliance, Data Management: State Street Survey

    According to a State Street commissioned survey, 56% of asset managers and asset owners will increase their technology and operational capabilities over the next year to manage financial...
    United StatesFinance and Banking
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP
  • Article

    Franklin Square Capital Partners Hires Head Of Liquid Alternatives

    Alternative investment fund manager Franklin Square Capital Partners hired Greg Bassuk as managing director and head of liquid alternative strategies...
    United StatesFinance and Banking
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP
  • Article

    Franklin Templeton, K2 Launch Global Macro Liquid Alt Fund

    Franklin Templeton, along with its alternatives unit K2 Advisors, launched the Franklin K2 Global Macro Opportunities Fund.
    United StatesFinance and Banking
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP
  • Article

    FSOC Creates Working Group To Examine Hedge Fund Leverage

    In a public meeting, the Financial Stability Oversight Council (FSOC) updated its two-year review of potential risks to the U.S. financial system from hedge funds...
    United StatesFinance and Banking
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP
  • Article

    Funds Talk: September 2018

    Legal commentary on the news and events that matter most to alternative asset managers and funds.
    United StatesFinance and Banking
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP
  • Article

    FY2016 Enforcement Results Reach Single-Year High: SEC

    The SEC filed 868 enforcement actions exposing financial reporting-related misconduct by companies and their executives and misconduct by registrants and gatekeepers in FY 2016.
    United StatesFinance and Banking
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP

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