CFTC could force funds to break US or European law


European hedge funds could be forced to choose whether to break new over-the-counter derivatives rules in either the US or Europe, because proposed guidance on the cross-border application of the Commodity Futures Trading Commission's (CFTC) Dodd-Frank Act rules does not include foreign OTC trading rules in its so-called substituted compliance regime – in which overseas entities are allowed to use local law.

"If you put a European hedge fund in a situation where it has to choose between

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: