Commodity futures modernization act of 2000 eligible contract participant
Commodity Futures Modernization Act - CFMA: An act passed in 2000 by the U.S Government that reaffirmed the authority of the Commodity Futures Trading Commission for five years as the regulatory I am pleased to appear today to testify on behalf of the Securities and Exchange Commission ("SEC" or "Commission") as you consider H.R. 4541, the Commodity Futures Modernization Act of 2000. My testimony addresses two topics of significant interest to the Commission. Specifically, certain derivative transactions may only be entered into by “eligible contract participants” to be exempt from regulation as a futures contract. CFTC Jurisdiction and the Commodity Futures Modernization Act. Whether a transaction is subject to CFTC jurisdiction depends upon the type of contract being negotiated. GlossaryEligible Contract Participant (ECP)An entity that is classified by the Commodity Exchange Act (CEA) based on its regulated status or amount of assets. The definition of "Eligible Contract Participant" (ECP) is found in Section 1a(18) of the CEA (7 U.S.C. § 1a(18)). ECP classification permits these persons to engage in transactions (such as trading on a derivatives transaction An eligible contract participant (ECP) is a group or individual allowed to engage in financial transactions not open to retail customers. of the Commodity Exchange Act. A futures contract The term ‘security future’ does not include any agreement, contract, or transaction excluded from this Act under section 2(c), 2(d), 2(f), or 2(g) of this Act (as in effect on the date of the enactment of the Commodity Futures Modernization Act of 2000) or title IV of the Commodity Futures Modernization Act of 2000.
Congress enacted the Commodity Futures Modernization Act of 2000 rights, and interests in which contracts for future delivery are presently or in the future dealt in. 15 In order to be eligible to trade stock futures, a futures exchange must either be a desig- tions received favorable sixty/forty treatment for all participants.
The purpose of this letter agreement (this “Confirmation”) is to confirm the terms and defined in, the Commodity Futures Modernization Act of 2000 and it was not formed solely for the purposes of constituting an "eligible contract participant". 7 Jul 2008 In 2000, Congress passed the Commodity Futures Modernization Act “eligible contract participants”3 that are not executed on a trading 9. Commodity Futures Modernization Act of 2000 (CFMA) limitations on speculative trading as a condition of designation as a contract market. reserves during the United States participation in World War I. It was such swap position qualified for a bona fide hedging transaction exemption (on a “look through” basis). conference participants for helpful comments, and Katrina Kosec and Rohit Malik for research conduct electronic markets for political futures contracts. 6 Plott ( 2000), Pennock, Nielsen and Giles (2001), Berg et al. the Commodity Futures Modernization Act. Acworth (2004). above would not qualify for this exemption. Congress enacted the Commodity Futures Modernization Act of 2000 rights, and interests in which contracts for future delivery are presently or in the future dealt in. 15 In order to be eligible to trade stock futures, a futures exchange must either be a desig- tions received favorable sixty/forty treatment for all participants.
H.R.5660 - Commodity Futures Modernization Act of 2000106th Congress or transactions in the commodity; ``(B) an eligible contract participant, other than a
14 Dec 2000 ''Commodity Futures Modernization Act of 2000''. 5 ''(B) an eligible contract participant, other term 'eligible contract participant' means—. 5. H.R.5660 - Commodity Futures Modernization Act of 2000106th Congress or transactions in the commodity; ``(B) an eligible contract participant, other than a COMMODITY FUTURES MODERNIZATION ACT OF 2000 other than eligible contract participants; (2) the term ''qualified investor'' means eligible contract. S.2697 - Commodity Futures Modernization Act of 2000106th Congress and persons who are not eligible contract participants; (2) government securities; 29 Jan 2003 The Commodity Futures Modernization Act of 2000: Derivatives that trading occurs only among “eligible contract participants:” financial 14 Jul 2019 Modernization Act of 2000, as a landmark in futures regulation. The end result, measured eligible contract participants. It is our understanding For Release: December 15, 2000 The Commodity Futures Modernization Act, as adopted, is a significant step forward for U.S. financial markets. codifies an agreement between the Commodity Futures Trading Commission (CFTC) and the into account the manipulability of the products and eligibility of the participants.
The term ‘security future’ does not include any agreement, contract, or transaction excluded from this Act under section 2(c), 2(d), 2(f), or 2(g) of this Act (as in effect on the date of the enactment of the Commodity Futures Modernization Act of 2000) or title IV of the Commodity Futures Modernization Act of 2000.
Specifically, certain derivative transactions may only be entered into by “eligible contract participants” to be exempt from regulation as a futures contract. CFTC Jurisdiction and the Commodity Futures Modernization Act. Whether a transaction is subject to CFTC jurisdiction depends upon the type of contract being negotiated. GlossaryEligible Contract Participant (ECP)An entity that is classified by the Commodity Exchange Act (CEA) based on its regulated status or amount of assets. The definition of "Eligible Contract Participant" (ECP) is found in Section 1a(18) of the CEA (7 U.S.C. § 1a(18)). ECP classification permits these persons to engage in transactions (such as trading on a derivatives transaction An eligible contract participant (ECP) is a group or individual allowed to engage in financial transactions not open to retail customers. of the Commodity Exchange Act. A futures contract The term ‘security future’ does not include any agreement, contract, or transaction excluded from this Act under section 2(c), 2(d), 2(f), or 2(g) of this Act (as in effect on the date of the enactment of the Commodity Futures Modernization Act of 2000) or title IV of the Commodity Futures Modernization Act of 2000. The Commodity Futures Modernization Act of 2000 (CFMA) is United States federal legislation that officially ensured modernized regulation of financial products known as over-the-counter (OTC) derivatives. It was signed into law on December 21, 2000 by President Bill Clinton. It clarified the law so
Dean Kloner*. Commodity Futures Modernization Act of 2000 was signed Eligible Contract Participant replaces the concept of ''eligible swap participant'' that
I am pleased to appear today to testify on behalf of the Securities and Exchange Commission ("SEC" or "Commission") as you consider H.R. 4541, the Commodity Futures Modernization Act of 2000. My testimony addresses two topics of significant interest to the Commission. Specifically, certain derivative transactions may only be entered into by “eligible contract participants” to be exempt from regulation as a futures contract. CFTC Jurisdiction and the Commodity Futures Modernization Act. Whether a transaction is subject to CFTC jurisdiction depends upon the type of contract being negotiated. GlossaryEligible Contract Participant (ECP)An entity that is classified by the Commodity Exchange Act (CEA) based on its regulated status or amount of assets. The definition of "Eligible Contract Participant" (ECP) is found in Section 1a(18) of the CEA (7 U.S.C. § 1a(18)). ECP classification permits these persons to engage in transactions (such as trading on a derivatives transaction An eligible contract participant (ECP) is a group or individual allowed to engage in financial transactions not open to retail customers. of the Commodity Exchange Act. A futures contract
S.2697 - Commodity Futures Modernization Act of 2000106th Congress and persons who are not eligible contract participants; (2) government securities;