CFTC voted to delay for six months key regulations under the derivatives title of the Dodd-Frank act
14 June 2011
According to Gensler, the order approved by the commission would provide relief until December 2011 - or when the definitional rulemakings become effective, whichever is sooner - from certain provisions that would otherwise apply to swaps or swap dealers on July 16.
This includes provisions that do not directly rely on a rule to be promulgated, but do refer to terms that must be further defined by the CFTC and SEC, such as "swap" and "swap dealer".
Full speech
© CFTC - Commodity Futures Trading Commission
