Swaps Regulation Under Dodd-Frank: Key Issues For Fund Sponsors And Advisers

Investment Management +Broker-Dealer

Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act provides a detailed framework for regulating the swaps market and market participants. Dodd-Frank is radically changing how private and registered funds trade broad categories of instruments. The requirements discussed in this Alert will fall into place over the next several months, even allowing for continuing temporary relief from compliance with some swaps-related provisions of the Commodity Exchange Act, as amended by Dodd-Frank (the "CEA"). These requirements are being triggered because the rules further defining the term "swap" came into effect on October 12, 2012.