07.21.2011

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Updates

Federal Reserve Repeals Regulation Q

On Thursday, July 14, 2011, the Federal Reserve Board approved a final rule repealing Regulation Q, which prohibits the payment of interest on demand deposits if the institution is a member of the Federal Reserve System.  This rule implements Section 627 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act").

Read the Federal Reserve press release

CFTC Adopts Final Rule regarding Fraud and Manipulation

On Thursday, July 14, 2011, the Commodity Futures Trading Commission adopted final rules under Section 753 of the Dodd-Frank Act, which broadly prohibit fraud and manipulation regarding swaps or contracts or sale of any commodity in interstate commerce or for future delivery on or subject to the rules of a registered entity.  The final rule has an effective date of August 15, 2011.

Read the CFTC press release

© 2011 Perkins Coie LLP


 

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