CME Group Inc. sued the Commodity Futures Trading Commission Nov. 8 in the U.S. District Court for the District of Columbia in a bid to set aside and prevent the agency from enforcing swaps reporting rules set to go into effect Nov. 13 (CME Group Inc. v CFTC).
The move marks the third time the CFTC has been sued regarding its rulemaking under the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act.
The rules in question were adopted in December 2011 and require derivatives clearing organizations to report cleared swaps transactions to swap data repositories, which in ...
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