The CFTC Adopts Comprehensive Amendments to Its Bankruptcy Rules | Katten Muchin Rosenman LLP
Background The Commodity Futures Trading Commission (CFTC) recently adopted final amendments to Part 190 of the CFTCs regulations (the "Final Rules"), governing bankruptcy proceedings with respect to commodity brokers. 1 The Final Rules represent the first comprehensive update to the CFTCs bankruptcy rules since the Part 190 rules were initially adopted in 1983. Approved unanimously, the Final Rules serve to modernize and revise the CFTCs regulations to reflect changes in the commodity brokerag...
Source: jdsupra.com