SEC and CFTC Issue Proposed Rule Related to Derivatives Products

The SEC and Commodity Futures Trading Commission (CFTC) have jointly issued a proposed rule to request public feedback on “potential opportunities to further update, clarify, and harmonize certain derivatives product definitions and interpretive issues.” The purpose of the proposal is to “support the Commissions’ ongoing evaluation of whether current regulatory definitions, interpretations, and jurisdictional frameworks appropriately reflect evolving market structures, financial products, and trading practices.”

For more information, see the press release on the SEC’s Web site.