CFTC Finalizes Several Long-Awaited Rules in September and October

CFTC Finalizes Several Long-Awaited Rules in September and October

October 16, 2020, Covington Alert

On September 17 and October 6, 2020, the Commodity Futures Trading Commission (“CFTC” or “Commission”) held open meetings (the “September Meeting” and the “October Meeting,” respectively) to consider a number of final rules, each of which the Commission approved unanimously. The September Meeting considered rules impacting market participants, such as swap dealers (“SDs”), swap execution facilities (“SEFs”), swap data repositories (“SDRs”), and foreign derivatives clearing organizations (“DCOs”), and the October Meeting passed a rule impacting commodity pool operators (“CPOs”). The following outlines key points from these open meetings and the new CFTC rules.