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November 04, 2010
New Recordkeeping Requirements for Swaps - Teigland-Hunt LLP Client Alert
The Commodity Futures Trading Commission (“CFTC”) recently issued an interim final rule (the “Rule”) requiring the reporting of swap transactions that were open as of July 21, 2010, the date of enactment of the Dodd‐Frank Act (“Pre‐Enactment Unexpired Swaps”). Comments onthe Rule will be accepted by the CFTC until November 15, 2010.
Because the rules for swap data repositories (“SDRs”) and reporting have not yet been issued, counterparties to Pre‐Enactment Unexpired Swaps currently are obligated only to keep records with respect to Pre‐Enactment Unexpired Swaps. This recordkeeping requirement applies to all counterparties to Pre‐Enactment Unexpired Swaps, whether or not they will eventually be the reporting party.
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July 29, 2010
Identifying and Managing the Unique Risks Involved in Trading Enviromental Commodities - by Lauren Teigland-Hunt, Sara Hayes and Joshua Riezman
This is a compilation of two articles about trading of environmental commodities. The article describes practical approaches used in trading documentation to mitigating definitional risks inherent in OTC trades involving environmental commodities and discusses documentation risks inherent in trading these products.
Published in Informer, Volume 2, Issue 14, p. 46 (Summer 2010) by Complinet, Inc., www.complinet.com, the leading provider of compliance intelligence for the financial services industry.
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July 23, 2010
"OTC Derivatives Reform in a Nutshell: U.S. Regulatory Agencies to Play Major Role in Determining Scope and Impact of New Derivatives Regime" - Teigland-Hunt LLP Client Alert
- CFTC, SEC to embark on unprecedented rulemaking effort to implement market reforms
Earlier this week President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”). As has been well publicized, the Act contains extensive reforms impacting the United States financial sector and will impose a new comprehensive regulatory regime on the OTC derivatives markets. Most provisions of the Act applicable to derivatives (Title VII) become effective 360 days after the date of the Act’s enactment.
This Client Alert provides a brief overview of the most significant new requirements applicable to the OTC derivatives markets and highlights those areas where significant regulatory rulemaking and determinations are necessary before the extent and precise details of these new requirements are clear.
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May 21, 2010
It ain't easy being green: understanding the unique risks of transacting in environmental commodities - part two - Complinet, Inc., by Lauren Teigland-Hunt, Sara Hayes and Joshua Riezman
This is the second article in a series about trading of environmental commodities. This article describes practical approaches used in trading documentation to mitigating the definitional risks inherent in OTC trades involving environmental commodities.
Published by Complinet, Inc., www.complinet.com, the leading provider of compliance intelligence for the financial services industry
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April 06, 2010
It ain't easy being green: understanding the unique risks of transacting in environmental commodities - Complinet, Inc., by Lauren Teigland-Hunt, Sara Hayes and Joshua Riezman
This is the first article in a series about trading of environmental commodities. This article discusses documentation risks inherent in trading these products. The second article in the series will describe practical approaches to mitigating such risks.
Published by Complinet, Inc., www.complinet.com, the leading provider of compliance intelligence for the financial services industry
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January 04, 2010
"The Emerging Greenhouse Gas Emissions Cap and Trade Market" - published in The Market Maker (6/09) by GuyLaine Charles
The lack of federal legislation establishing a greenhouse gas emissions cap-and-trade program has brought about the proliferation of voluntary programs and mandatory regional programs. This article discusses the importance of understanding the products being offered in the various programs in order to properly assess the risk and value of an investment in these programs.
