CFTC Adopts Final Rule to Implement Core Principles on Contract Markets

In a rare show of unanimity, the Commodity Futures Trading Commission adopted a rule 5-0 May 10 that will implement 23 core principles related to the operation of designated contract markets.

The final rule differs in several respects from the proposed rule, primarily to reflect a more principles-based oversight structure.

Rules, Guidance, Practices.

The rule, mandated by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, codifies a mix of guidance, regulations, and acceptable practices and will serve as a basis for obtaining and maintaining recognition as a DCM. The core principles will serve to facilitate the trading of ...