CFTC Holds Open Meeting and Approves Final Rules Enhancing Customer Protections

The CFTC held an open meeting and approved final rules enhancing protections afforded customers and customer funds held by futures commission merchants (“FCM”) and derivatives clearing organizations (“DCOs”). 

Click here for a summary of the meeting and final rule by Delta Strategy Group.

See: Amendments to the Rule Text; Commissioner O’Malia’s Opening Statement; Commissioner Wetjen’s Statement; Chairman Gensler’s Statement of Support on Customer Protections; Commissioner O’Malia’s Statement of Dissent; Commissioner Chilton’s Statement of Support; Chairman Gensler’s Statement of Support on OCR Reports.

Related news: House Ag Hearing on CFTC Customer Protections (October 3, 2013); Managed Funds Association Submits Comment Letter to CFTC on Proposed Rules for Enhancing Customer Protections (February 20, 2013); National Futures Association Submits Comment Letter to CFTC on Proposed Rules for Enhancing Customer Protections (February 20, 2013); CFTC Roundtable on Enhancing Protections Afforded Futures Customers (February 6, 2013); and Enhancing Protections Afforded to Customers and Customer Funds Held by FCMs and Derivatives Clearing Organizations; Notice of Proposed Rulemaking (CFTC; Fed. Reg. Version) (November 15, 2012).

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