How long before this rule affects the deregulated market?
US swap dealer rule could limit swaps with public utilities: sources
Washington (Platts)
A little-noticed limit within the swap dealer definition the US Commodity Futures Trading Commission finalized this week could deter energy companies from entering into swaps deals with public power utilities and other government authorities, several energy lobbyists and lawyers said Thursday.
The CFTC’s final swap dealer definition includes a handful of exemptions that can keep entities such as commercial energy firms from being defined as swap dealers and, in turn, subject to new and potentially costly registration, reporting, margin, capital and business conduct rules.
One such exemption, seen as a major victory for the energy industry, is a de minimis exemption that will…
